SME – PENJANA Tourism Financing (PTF)

A financing program designed to support the recovery and growth of SMEs in tourism-related sectors.

Eligibility

For Private Limited Company (Sdn. Bhd.), Sole-Proprietorship, and Partnership that fall within SME definition.
Malaysians residing in Malaysia that hold a minimum of 51% shareholding in the business.
Registered with Companies Commission of Malaysia (SSM), or authorities/district offices in Sabah and Sarawak.
Licensed or registered with Ministry of Tourism, Arts & Culture (MOTAC).

Eligible tourism sectors or activities include, but are not limited to, those listed in the National Tourism Policy 2020-2030*

Note:

* Sectors and activities listed above serve as non-exhaustive guidance. For the most up-to-date information, applicants are advised to refer to the National Tourism Policy published by MOTAC.

* As published by MOTAC, accessible at: https://motac.gov.my/en/download/category/114-dasar-pelancongan-negara-dpn-2020-2030

Purpose of Financing

Financing Amount

Up to RM500,000 per SME business, including Microenterprises

Note:

A collective financing limit is applicable for SMEs with common shareholder(s) of equal to or more than 20% shareholding.
Subject to the max aggregate financing amount under BNM’s Fund of RM5.0 million for any related SMEs with common shareholder(s), unless the related SMEs have different workforces.

Financing Rate

Up to 3.50% p.a., inclusive of 0.5% p.a. guarantee fee (until further notice by BNM)

Financing Tenure

Up to seven (7) years.

Guarantee Coverage

SME: Up to 80% guaranteed by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)
Microenterprise: Up to 90% guaranteed by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

Collateral / Security

1. Sdn. Bhd.:

Joint and Several Guarantee (JSG) by the following individuals:
- Directors of the company
- Shareholders holding more than thirty percent (30%) of the share capital.
- Key man / person regardless of the shareholding and directorship.

Corporate Guarantor holding more than fifty percent (50%) of the share capital of the customer.

2. Partnership:

Fees & Charges

No.	Fee Type	Charges
1	Stamp Duty	Actual Cost – As per Stamp Duty Act 1949 (Revised 1989): Principal Agreement – Ad Valorem of 0.5% of financing amount 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	The Guarantee Fee is up to 0.50% per annum of the coverage amount, depending on the scheme offered by SJPP and subject to 8% Sales and Service Tax (SST). The Bank will finance only the first year of the SJPP Guarantee Fee. For subsequent years, the Guarantee Fee will be debited from the customer’s account with Bank Islam
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.