- 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).
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.