Financing Facility to assist Malaysian SMEs

1

BNM’s Fund For SMEs - All Economic Sector (AES)

Objective

To enhance access to financing for SMEs to support growth

Eligibility criteria

Malaysian SMEs1 who fulfil the following criteria:
  1. Registered with the Companies Commission of Malaysia (SSM), authorities’/district offices in Sabah and Sarawak or statutory bodies for professional service providers.
  2. Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%.
  3. Malaysians residing in Malaysia hold a minimum of 51% shareholding in the SMEs.

Purpose of financing

  • Working Capital and/or;
  • Capital Expenditure

(Not for refinancing of existing financing facilities)

Tenure

Up to 5 years

Financing size

Up to RM5 million per SME

Financing rate

Up to 7.0% p.a., inclusive of up to 1.0% p.a. guarantee fee (absorbed by RHB)

Facility Type

All Facilities

Guarantee coverage

Up to 80% of financing amount by Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP)

1At least 51% of shares are held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition, accessible at http://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf
Note: All applications are subjected to the Bank’s final decision.
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Submit Details Here
2

BNM’s Fund For SMEs - Agrofood Facility (AF)

Objective

Increase agrofood production for Malaysia and for export purposes through the provision of financing at affordable rates

Eligibility criteria

Malaysian SMEs1 that fulfil all of the following criteria shall be eligible for financing from the Facility:
  1. Registered with the Companies Commission of Malaysia (SSM) or authorities’/district offices in Sabah and Sarawak or statutory bodies for professional service providers.
  2. Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%.
  3. Malaysians residing in Malaysia hold a minimum of 51% shareholding in the SMEs.

Purpose of financing

  • Working Capital and/or;
  • Capital Expenditure
  • Development of agrofood projects

Tenure

Up to 8 years

Financing size

Up to RM5 million per SME

Financing rate

Up to 3.75% p.a., inclusive of 0.75% p.a. guarantee fee (absorbed by RHB)

Facility Type

All Facilities

Guarantee coverage

Up to 90% of financing amount by Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP)

1At least 51% of shares are held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition, accessible at http://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf
Note: All applications are subjected to the Bank’s final decision.
Drop us your details below
and we’ll be in touch!
Submit Details Here
3

BNM’s Fund For SMEs - Automation & Digitalisation Facility (ADF)

Objective

To incentivise SMEs to automate processes and digitalise operations to increase productivity and efficiency.

Eligibility criteria

Malaysian SMEs1 that fulfil all of the following criteria shall be eligible for financing from the Facility:
  1. Registered with the Companies Commission of Malaysia (SSM) or authorities’/district offices in Sabah and Sarawak or statutory bodies for professional service providers.
  2. Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%.
  3. Malaysians residing in Malaysia hold a minimum of 51% shareholding in the SMEs.

Purpose of financing

Purchase of equipment, machinery, computer hardware and software, IT solutions and services, technology support services and other tangible assets to enhance productivity and efficiency.
(Not for refinancing of existing financing facilities)

Tenure

Up to 10 years

Financing size

RM3 million per SME

Financing rate

Up to 4.0% p.a., inclusive of 0.50% p.a. guarantee fee (absorbed by RHB)

Facility Type

Term Loan (TL) / Commodity Murabahah Term Financing-i (CMTF-i) only

Guarantee coverage

Up to 80% of financing amount by Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP)

1At least 51% of shares are held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition, accessible at http://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf
Note: All applications are subjected to the Bank’s final decision.
Drop us your details below
and we’ll be in touch!
Submit Details Here
4

BNM’s Fund For SMEs - Low Carbon Transition Facility (LCTF)

Objective

To encourage and support SMEs to adopt sustainable practices for business resilience

Eligibility criteria

SMEs1 in all sectors

Purpose of financing

To fund capital expenditure or working capital to initiate or facilitate the transition to low carbon and sustainable operation

Tenure

Up to 10 years

Financing size per SME

Up to RM10 million

Financing rate to SMEs

Up to 5.0% p.a. (combined basis), inclusive of up to 1.0% p.a. guarantee fee (absorbed by RHB)

Guarantee coverage

Up to 80% of financing amount by Syarikat Jaminan Pembiayaan Perniagaan (SJPP) / Credit Guarantee Corporation Malaysia Berhad (CGC)

Type of facility

All facilities

Availability

Until full utilisation

¹At least 51% of shares are held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition, accessible at http://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf
Note: All applications are subjected to the Bank’s final decision.
Drop us your details below
and we’ll be in touch!
Submit Details Here
5

BNM’s Fund For SMEs - Disaster Relief Facility (DRF)

Objective

To alleviate the financial burden of Malaysian SMEs (MSMEs) affected by floods and enable them to resume their business operations

Eligibility Criteria

SMEs¹ and micro enterprises affected by floods located in districts identified by Agensi Pengurusan Bencana Negara as flood disaster areas.

Purpose of Financing

  • Repairs and/or replacement of assets for business use (e.g. plants and machinery) which have been damaged by floods; and/or
  • Working capital

Note: Financing should not be used for refinancing of existing credit/financing facilities

Type of Financing

Applicable for Term Loan / Commodity Murabahah Term Financing-i ONLY.

Financing Size

  • Up to RM RM700,000 per SME
  • Up to RMRM150,000 per micro enterprise

Note: A collective financing limit is applicable for SMEs with common shareholder(s) of equal to or more than 20% shareholding

Financing Rate

Up to 3.50% p.a., inclusive of 0.50% guarantee fee (absorbed by RHB)

Financing Tenure

Maximum 7 years inclusive 6 months moratorium on principal & interest/profit; interest/profit is accrued, non-compounded)

Guarantee Coverage

Up to 80% of financing amount by Credit Guarantee Corporation Malaysia Berhad (CGC)

Available of Fund

Until full utilisation or subject to further decision by BNM

¹At least 51% shares held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition, accessible at http://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf
Note: All application is subject to Bank’s final decision
Drop us your details below
and we’ll be in touch!
Submit Details Here
6

BNM’s Fund For SMEs - High Tech & Green Facility (HTG)

Objective

Designed to help SMEs and innovative start-ups to grow their businesses and invest in strategic sectors and technologies fields (digital tech, green tech and biotech) for a sustainable and entrenched economic recovery.

Eligibility Criteria

  • Malaysian SMEs¹ involved in the following sectors:
  Manufacturing
  • Electrical and Electronics (E&E)
  • Chemicals
  • Refined petroleum
  • Machinery & Equipment (M&E)
  • Medical devices and pharmaceuticals
  • Automotive and transport equipment (including aerospace; vehicle and parts manufacturers)
  Services
  • Information and Communication Technology (ICT)
  • Research and Development

OR


  • Businesses (including commercially ready start-ups) involved in providing technology solutions

 

 Green Technology
  • Renewable energy & energy efficiency
  • Transportation - Clean transportation, electric vehicle, battery development
  • Natural resources
    • Sustainable water and waste management
    • Aquatic conservation and pollution prevention
  • Circular economy
    • Reusing, recycling and remanufacturing
    • Repurposing of stranded assets
  • Agritech
    • Precision and automated farming
    • Vertical farming
    • Farming using drones, IoT and big data analytics
  • Low carbon technologies
    • Low carbon-emitting technologies (Carbon, capture, utilisation and storage (CCUS), low carbon hydrogen)
  Digital and 4IR technology
  • Smart manufacturing (IoT solutions)
  • Artificial Intelligence (AI)
  • Big data analytics
  • Virtual/ Augmented reality
  • Robotics
  • Drone technologies
  • Connectivity and distributed infrastructure (5G, blockchain, cloud computing)
  • 3D printing
  • Software development (digital healthcare technology, e-commerce, fintech and payment platform, gaming mobility solutions)
  Biotechnology
  • Neurotechnology
  • Biohealth (genetics)
  • Biosciences (crop and yield improvement)

OR


  • SMEs and start-ups in key Government programmes that are involved in innovation and commercialisation for range of critical technologies such as 4IR-related technology, green technology, digital and biotechnology under national blueprints. List of eligible programmes will be updated periodically at www.bnm.gov.my/funds4sme

Note:

  1. Recipients of Special Relief Facility (SRF), PENJANA SME Financing (PSF) and/or PENJANA Tourism Financing (PTF) are eligible for the HTG, for the purpose of financing capital expenditure only.
  2. All programme participants are encouraged to obtain a letter from the respective agencies to ease verification process by PFIs.

Type of Facility

All facilities

Financing Size

Up to RM10 million

Financing Rate

Up to 5.0% p.a., inclusive of 0.50% p.a. guarantee fee (absorbed by RHB)

Financing Tenure

Up to 10 years

Guarantee Coverage

Up to 80% of financing amount by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

Available of Fund

Until full utilisation


¹At least 51% shares held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition, accessible at http://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf
Note: All applications are subjected to the Bank’s final decision.

Drop us your details below
and we’ll be in touch!
Submit Details Here
7

BNM’s Fund For SMEs - PENJANA Tourism Financing (PTF)

RHB is a participating bank for PENJANA Tourism Financing with a total allocation of up to RM50 million.

 

 PENJANA Tourism Financing (PTF)

Objective

 To support SMEs in the tourism sectors by preserving their capacity and assisting them to undertake the necessary investments to adjust and remain viable post-COVID-19

Eligibility Criteria
  • Malaysian SMEs¹ in the core tourism and tourism-related sectors which are either:
    • SMEs as defined by SME Corp Malaysia²; OR
    • Licensed by/registered with MOTAC.
  • The eligible sectors are as follows:
    • Core tourism:
      • Tourism accommodation premises (e.g. budget hotels, registered homestays, chalet and resorts);
      • Travel agencies & tour operators; and
      • Transportation for tourists (e.g. bus, boat and car rental operators)
    • Tourism-related sectors:
      • Medical tourism;
      • MICE (Meetings, Incentives, Conference, Exhibitions) ecosystem;
      • Money service businesses³ (MSB);
      • Capacity building institutions which are primarily set up to provide tourism related courses/training, and licensed by or registered with MOTAC (e.g. Institut Latihan Pelancongan); and
      • Tourism-related retail, recreation and wellness that can justify significant reliance on tourists
    • Recipients of Special Relief Facility (SRF) or PENJANA SME Financing (PSF) are eligible to apply.

Purpose of Financing
  • Working capital; and/or
  • Capital expenditure; and/or
  • Refinancing of up to 50% of total financing approved

    Note: 50% of financing approved can be used to refinance existing business financing (existing business financing excludes financing obtained under BNM’s Fund for SMEs)

Type of Financing

 Commodity Murabahah Term Financing-i / Term Loan only

Financing size
  • SME: Up to RM500,000 per SME
  • Microenterprise: Up to RM75,000 per micro enterprise
  • Note: A collective financing limit is applicable for SMEs with common shareholder(s) of equal to or more than 20% shareholding.

Financing Rate

 Up to 3.5% p.a., inclusive of 0.50% p.a. guarantee fee (absorbed by RHB)

Financing Tenure

 Up to 7 years

Fees

 No Legal Fees

Available of Fund

 Until full utilisation

PENJANA Tourism Financing (PTF)

Objective
To help alleviate the short-term cash flow problems faced by SMEs1 due to COVID‑19 and MCO

Eligibility Criteria
  • Malaysian SMEs¹ in the core tourism and tourism-related sectors which are either:
    • SMEs as defined by SME Corp Malaysia²; OR
    • Licensed by/registered with MOTAC.
  • The eligible sectors are as follows:
    • Core tourism:
      • Tourism accommodation premises (e.g. budget hotels, registered homestays, chalet and resorts);
      • Travel agencies & tour operators; and
      • Transportation for tourists (e.g. bus, boat and car rental operators)
    • Tourism-related sectors:
      • Medical tourism;
      • MICE (Meetings, Incentives, Conference, Exhibitions) ecosystem;
      • Money service businesses³ (MSB);
      • Capacity building institutions which are primarily set up to provide tourism related courses/training, and licensed by or registered with MOTAC (e.g. Institut Latihan Pelancongan); and
      • Tourism-related retail, recreation and wellness that can justify significant reliance on tourists
      • Recipients of Special Relief Facility (SRF) or PENJANA SME Financing (PSF) are eligible to apply.

Type of Financing
Commodity Murabahah Term Financing-i

Financing Size

  • SME: Up to RM500,000 per SME
  • Microenterprise: Up to RM75,000 per micro enterprise
  • Note: A collective financing limit is applicable for SMEs with common shareholder(s) of equal to or more than 20% shareholding.

Financing Rate
3.5% p.a. inclusive of 1% guarantee fee (absorbed by RHB)

Financing Tenure
Maximum 7 years (inclusive of 6 months moratorium on principal and interest/profit; interest/profit is accrued, non-compounded)

Fees
No Legal Fees

Available of Fund
Until full utilisation of Facility
¹At least 51% shares held by Malaysians
²As defined by SME Corp. Malaysia’s Guideline for SME Definition, accessible at http://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf
³Applicable for money changing operators only
Note: All applications are subjected to the Bank’s final decision.
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