BizJamin-i Micro TemanMesra Scheme

Benefits

This scheme is offered in collaboration with Bank Simpanan Nasional

  • Accessible to: Micro SMEs from all sectors. MSMEs can apply for a CGC guarantee linked to their financing at CGC branches nationwide. 
  • Coverage: Term Financing is available to businesses that have been operating for at least two (2) years.

 

Eligibility

  • Business Types: Open to Sole Proprietorships, Partnerships, Limited Liability Partnerships, Private Limited Companies and Professional business entities. 
  • Local Incorporation:  Businesses must be locally incorporated or registered in Malaysia, with at least 51% Malaysian shareholding.
  • Shariah Compliance: For the Islamic guarantee scheme, based on the Kafalah contract, businesses must maintain Shariah-compliance throughout the guarantee tenure.

Features

  • Purpose of Financing: Working Capital and/or Asset Acquisition and/or Renovation of business premises.
  • Guarantee Amount: Up to a maximum financing amount of RM50,000.00.
  • Guarantee Period: Up to 5 years.
  • Guarantee Coverage: 70%.
  • Guarantee Fee: Covered by Bank Simpanan Nasional.
  • Financing Profit Rate: Up to 7.49% per annum (flat rate), with risk-based pricing subject to risk profiles.
  • Refund of Guarantee Fee: Processed on a pro-rated monthly basis upon receipt of termination notice by CGC Malaysia.

For more info: Product Disclosure Sheet (BM/ENG)

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In the event you are approached by a Third Party impersonating as an agent of CGC or purporting to be CGC's representative or have any information in relation to the same, please alert / contact us at:

Client Service Centre - https://www.cgc.com.my/client-service-centre/
CGC Branches - https://www.cgc.com.my/cgc-branches/