SME Bizvantage Financing Program

Created to help Sole Proprietorship and Partnerships seeking financial support for their Working Capital Requirement (WCR) or Capital Expenditure (CAPEX).

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Eligibility

  • Open to all sectors except for construction and contract-based businesses.
  • For Sole-Proprietorship and Partnership that fall within SME definition.
  • Business in operation for at least five (5) years and profitable for the past three (3) consecutive years.
    Option A: Annual turnover between RM300,000 to RM2.99 million.
    Option B: Minimum annual turnover of RM3.00 million.

  • Malaysians residing in Malaysia that hold a minimum of 51% shareholding in the business.
  • Registered with the Companies Commission of Malaysia (SSM), or respective authorities / district offices in Sabah and Sarawak.
 

Purpose of Financing

  • To finance Working Capital Requirements (WCR) and capital expenditure (CAPEX)

 

Financing Amount

Option A:

  • Min: RM100,000
  • Max: RM250,000 (New-to-Bank) / RM500,000 (Existing-to-Bank)

Option B:
  • Min: RM100,000
  • Max: RM500,000 (New-to-Bank) / RM1,000,000 (Existing-to-Bank)

    • Note: *Excludes Professional Services Providers.
 

Financing Rate

Attractive financing rate

 

Financing Tenure

 

Collateral/Security

  • Up to 80% guarantee coverage by Corporate Guarantee Corporation (CGC).
  • Partnership:
    • Letter of Indemnity / Undertaking
    • Personal Guarantee by the Partner (Limited Liability Partnership only)

Fees & Charges

No.

Fee Type

Charges
1 Stamp Duty Actual Cost – As per Stamp Duty Act 1949 (Revised 1989):
  1. Principal Agreement – Ad Valorem of 0.5% of financing amount
  2. Secondary / Supplementary Agreement – Nominal of RM10 of each document
2 Legal Fees Actual Cost
3 Processing Fee Waived
4 Tawarruq Agency Fee RM50 (RM25 of each ABPA and ABSA)
Note: Tawarruq Agency fee costs RM50.00 for every Tawarruq transaction.
5 Late Payment Charges Late payment charges (LPC) are as per BNM’s latest Guidelines on Late Payment Charges for Islamic Banking Institutions as well as Bank Islam Ta’widh clause.
6 Guarantee Fee As per SJPP imposed fees and charges. Subject to 8% of the Sales and Service Tax (SST).
7 Cancellation Fee Based on actual cost (if any) for the preparation and registration of security documents that has been incurred by the Bank in connection with the facility including all expenses incurred during the claim process.
Product Disclosure Sheet:
  • Click here to view Product Disclosure Sheet – English Version
  • Click here to view Product Disclosure Sheet – Bahasa Malaysia Version
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