Eligibility Criteria
- Must be an SME per National SME Development Council’s (NSDC) definition..
- Business registered in Malaysia and is Malaysian-controlled and Malaysian-owned (at least 51% shareholding).
- Open to CGC’s existing customers under Full Risk Scheme and Direct Financing.
- Existing borrowers of CGC (Full Risk Scheme and Direct Financing) located in towns or districts defined as a disaster area by National Security Council, Prime Minister’s Department or deemed as a disaster area by CGC.
Financing Amount
-
- Min. – RM20,000
- Max. – RM200,000
* Depending on eligibility of each customer.
Type of Facility
- Term Financing only
Purpose of Financing
- Working Capital and/ or Asset Acquisition
- Repairs and purchases of assets for commercial use to replace those damaged during disaster and working capital only.
- The facility should not be used to refinance existing credit facility.
Financing Rate
- 5.80% per annum
Tenure
- Maximum up to five (5) years, including moratorium period during the first 6 months; with profit servicing only.
Scheme availability period
-
- Within 6 months from the declaration of each natural disaster.
Application Procedures
- Application form is available at all CGC’s branches or click here to download Application.
- The complete application form together with all supporting documents can be submitted to any CGC branches.