BizJamin NRCC Scheme

Eligibility Criteria

  • A company registered and operating in Malaysia, Malaysian-shareholder(s) must have a minimum of 30% shareholding in the company and is/ are the guarantor(s).
  • Meet National SME Development Council’s (NSDC) SME definition (for details, please click here).

Maximum Loan Limit

Loan of up to RM15.0 million

Credit Facilities Covered

  • Term Loan
  • Overdraft
  • Letter of Credit
  • Trust Receipt
  • Bills Purchased
  • Bank Guarantee
  • Export Credit Refinancing (ECR)
  • Banker’s Acceptance
  • Shipping Guarantee
  • Hire Purchase
  • Leasing
  • Any other credit facilities determined from time to time by CGC

Interest Rate

The annual interest rate is up to 2% above the Base Lending Rate (BLR) of the financial institutions.

Participating Financial Institutions

Participating Development Financial Institutions (DFIs) and Commercial Banks

Guarantee Coverage

CGC guarantee coverage ranges between 50% and 70% subject to the following:-

  • Unsecured Portion – Up to 70% (a maximum cover of RM5.0 million)
  • Secured Portion – Up to 70% (no capping imposed on secured portion)

Guarantee Fee

  • Unsecured Portion – 1.00% to 4.00% per annum
  • Secured Portion – 0.75% to 3.20% per annum

SMEs with higher risk profiles will be charged higher guarantee fees, whereas SMEs with lower risk profiles will be charged lower guarantee fees. The range observed is to match the borrower’s credibility in terms of risk rating with the pricing of the guarantee.

i) Payment of Guarantee Fee

  • New Letter of Guarantee (LG) – Payable upon request for LG by Financial Institution but subject always to full payment of the Guarantee Fee
  • Anniversary LG – Payable on or before LG anniversary date, together with the annual Guarantee Fee

ii) Refund of Guarantee Fee

  • Refund of Guarantee Fee will be pro-rated on monthly basis and applicable for LG cancelled or amended by CGC based on the unutilised period of the LG.
  • The utilised period is calculated from the month of LG/anniversary LG until the month of receipt of cancellation/ approval of amendment by CGC.