BizJamin-i SRF Scheme


BizJamin-i SRF is a guarantee scheme to alleviate short-term cash flow problems faced by SMEs affected by the COVID-19 outbreak

Purpose of Financing

Working capital

Note: Financing should not be used for refinancing of existing financing facilities

Type of Facility

Term Financing

Financing Limit

Up to RM1.0 million per SME

Profit Rate

Up to 3.5% per annum (inclusive of any guarantee fee)

Financing tenure

Maximum 5.5 years, including 6 months moratorium on principal and profit

Guarantee Coverage

80% guarantee on financing amount by Credit Guarantee Corporation Malaysia Berhad (CGC)

Guarantee Fee

0.50% per annum

Collateral Requirement

No collateral is required

Participating Financial Institutions (PFIs)

Licensed Islamic banks and Prescribed Development Financial Institutions

Eligibility Criteria

  • Malaysian SMEs affected by COVID-19, with at least 51% shares held by Malaysians.
  • Business must be registered with the Companies Commission of Malaysia (SSM), or authorities /district offices in Sabah and Sarawak, or statutory bodies for professional service providers.
  • SME definition as per the guideline issued by SME Corporation Malaysia (for details, please click here).

Application / Availability Period

6 March 2020 until 31 December 2020 or upon exhaustion of allocation, whichever is earlier.