BizSME Scheme

Eligibility Criteria

  • Company must be at least 51% Malaysian-owned and Malaysian-controlled businesses
  • Company must meet SMEs definitions based on number of full time employees or annual sales turnover
  • Company must be a legitimate business entity either Sole-Proprietorship, Partnership, or Private Limited Company.
  • Key person (Managing Director / Principal Partner / Proprietor) age must be 25 years or more at the point of application and 65 years or less upon full repayment.
  • Minimum number of years in operation must be one (1) year for all constitutions and to be complemented with a requirement of key person having at least three (3) years experience in similar industry inclusive of the current business

Purpose of Financing

Working Capital only

Guarantee Cover

Guarantee Cover is set at 100%.

Financing Amount

Min: RM50,000.00 Max: RM500,000.00

Guarantee Tenure

The maximum tenure for the loan is up to seven (7) years and all facilities offered are subject to annual review.

Participating Financier

OCBC Bank Berhad

Type Of Financing Facilities  

Term Loan (TL) and Overdraft (OD)

Interest Rate

The interest rate is Base Lending Rate per OCBC Bank Berhad + 0% per annum (BLR +0%).

Guarantee Fee

As low as 0.5%, up to a maximum of 5.75%.

i)Payment of Guarantee Fee

New Letter of Guarantee (LG) – Payable upon request for LG by Financial Institution (FI).

Anniversary LG – Payable on or before LG anniversary date.

ii)Refund of guarantee fee

Refund of guarantee fee will be pro- rated on monthly basis. The utilized period is calculated from the month of LG/Anniversary LG until the month of cancellation/amendment.