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.