Targeted Relief & Recovery Facility (TRRF)

Targeted Relief & Recovery Facility (TRRF)

Allocation

  • RM100 million

Eligibility

  • Classification of SME as defined by National SME Development Council/SME Corporation and registered in Malaysia in services sectors affected by reintroduction of COVID-19 containment measures since June 2020 (Except for tourism-related subsectors) Not Applicable for customer of BNM Special Relief Facility (SRF), PENJANA SME Financing Facility (PSF) and/or PENJANA TOURISM Financing Facility (PTF)
  • Malaysian controlled business entity

Objective

  • Targeted Relief and Recovery Facility (TRRF) is to provide relief to those in vulnerable sectors and segments affected by the re-imposition of containment measures of CMCO and to support recovery for hardest hit sectors that are key contributors to economic growth and employment

Purpose of Financing

  • Working Capital requirement (Refinancing of existing facility is not allowed)

Financing rate

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

Collateral

  • No collateral required

Guarantee Coverage

  • 80% guarantee coverage from SYARIKAT JAMINAN PEMBIAYAAN PERNIAGAAN BERHAD (SJPP) Or
  • 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 7 years, inclusive of 6 months repayment deferment (moratorium)

Availability period

  • From 1 December 2020 until 30 June 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

  Call our Contact Centre at 03-8230 2222 or visit the nearest branches nationwide today.

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