Disaster Relief Facility (DRF)

Allocation

  • RM200 million

Eligibility

  • Classification of SME as defined by National SME Development Council/SME Corporation and registered in Malaysia in sectors that affected by the recent floods in the areas identified by Agensi Pengurusan Bencana Negara as a flood disaster areas
  • Malaysian controlled business entity

Objective

  • Disaster Relief Facility (DRF) aims to alleviate financial burden and assist in resumption of business operations of the SMEs that affected by the recent floods

Purpose of Financing

  • Repairs and/or replacement of assets for business use (e.g. plants and machinery), which have been damaged by the disaster; or
  • Working Capital

Financing rate

  • Maximum financing rate of 3.5% p.a. inclusive of guarantee fee of 0.5% p.a.

Guarantee Coverage

  • 80% guarantee coverage from Credit Guarantee Corporation (CGC)

Type of Financing

  • Term loan

Financing limit

  • Up to RM500,000 per eligible SME

Maximum Financing Tenure

  • Up to 5 years, inclusive of 6 months moratorium

Availability period

  • Until 31 July 2021 or upon full utilization (whichever is earlier)
 
 

How to Apply

  Leave us your contact details so that we may reach out to you

Click here

  Contact our Call Centre at +603-8230 2222 or visit the nearest Business Centre nationwide today.

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