BizJamin Scheme

Eligibility Criteria

  • A company registered in Malaysia, is Malaysian-controlled or Malaysian-owned businesses with at least 51% shareholding.
  • Must fall within the definition of SMEs (for details, please click here).
  • Borrower must have a good credit record.

Maximum Loan Limit

Loan of up to RM10.0 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

 

Lending Rate

The annual lending rate is up to 2% above the Base Lending Rate (BLR) of the financial institutions. *Financial institutions are free to quote the lending rate if the guarantee cover is 50% or less.

 

Participating Financial Institutions

Participating Development Financial Institutions (DFI) and Commercial Banks.

 

Guarantee Coverage

The CGC guarantee coverage ranges from between 30% to 90% subject to the following:-

  • Unsecured Portion – Up to 80% (a maximum cover of RM3.0 million).
  • Secured Portion – Up to 90% (no capping imposed on secured portion).

Guarantee Fee

  • Unsecured Portion – 0.75% to 4.00% per annum.
  • Secured Portion – 0.50% 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 (FI) but subject always to full payment of the Guarantee Fee & GST.
  • Anniversary LG – Payable on or before LG anniversary date, together with the annual Guarantee Fee & GST.

ii) Refund of Guarantee Fee

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


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BizMaju Scheme

Eligibility Criteria

  • Malaysian-controlled or Malaysian-owned businesses;
  • SMEs complying to the following definitions;
  • The business must be in operation for at least one (1) year. However, the key person must have at least three (3) years experience in similar industry inclusive of the current business.

Type of Financing Facilities

Term Loan (TL) and overdraft (OD).

Financing Amount

Min: RM50,000.00
Max: RM500,000.00

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.
The refund of guarantee fee on pro rated basis is applicable for LGs that are cancelled or amended by CGC commencing 2nd Jan 2013 onwards.


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BizJamin Bumi Scheme

Eligibility Criteria

  • New and existing borrower.
  • Company must be registered in Malaysia.
  • Eligible to Sdn Bhd, Partnership & Sole Proprietorship business entity.
  • Must be at least 51% owned by bumiputera (shareholding) & within SME definition.
  • Guarantee coverage is up to 90% of the unsecured portion

Maximum Loan Limit

Loan of up to RM10.0 million.

Type Of Loan Facilities Covered

  • Term Loan
  • Bills Purchased
  • Overdraft
  • Bankers Acceptance
  • Letter of Credit
  • Shipping/Performance/Bank Guarantee
  • Trust Receipt
  • Hire Purchase
  • Export Credit Refinancing (ECR)
  • Leasing

Interest Rate

The annual interest rate is up to Base Lending Rate (BLR) + 2% maximum of the financing institutions.

*Financing institutions are free to quote the interest rate if the guarantee cover is 50% or less.

Guarantee Coverage

The CGC guarantee coverage ranges from between 30% to 90% subject to the following:-

  • Unsecured Portion – Up to 90% (a maximum cover of RM3.0 million)
  • Secured Portion – Up to 90% (no capping imposed on secured portion)

Guarantee Fee

  • Unsecured Portion : 0.75% to 4.00% per annum.
  • Secured Portion : 0.50% 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 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 (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.
  • The refund of guarantee fee on pro rated basis is applicable for LGs that are cancelled or amended by CGC commencing 2nd Jan 2013 onwards.

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BizSME

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.


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