BizJamin Scheme

Eligibility Criteria

  • A company registered in Malaysia, is Malaysian-controlled or Malaysian-owned businesses with at least 51% shareholding.
  • Must fall within the definition of SMEs (for details, please click here).
  • Borrower must have a good credit record.

Maximum Loan Limit

Loan of up to RM10.0 million.

 

Credit Facilities Covered

  • Term Loan
  • Overdraft
  • Letter of Credit
  • Trust Receipt
  • Bills Purchased
  • Bank Guarantee
  • Export Credit Refinancing (ECR)
  • Banker’s Acceptance
  • Shipping Guarantee
  • Hire Purchase
  • Leasing
  • Any other credit facilities determined from time to time by CGC

 

Lending Rate

The annual lending rate is up to 2% above the Base Lending Rate (BLR) of the financial institutions. *Financial institutions are free to quote the lending rate if the guarantee cover is 50% or less.

 

Participating Financial Institutions

Participating Development Financial Institutions (DFI) and Commercial Banks.

 

Guarantee Coverage

The CGC guarantee coverage ranges from between 30% to 90% subject to the following:-

  • Unsecured Portion – Up to 80% (a maximum cover of RM3.0 million).
  • Secured Portion – Up to 90% (no capping imposed on secured portion).

Guarantee Fee

  • Unsecured Portion – 0.75% to 4.00% per annum.
  • Secured Portion – 0.50% to 3.20% per annum.

SMEs with higher risk profiles will be charged higher guarantee fees, whereas SMEs with lower risk profiles will be charged lower guarantee fees. The range observed is to match the borrower’s credibility in terms of risk rating with the pricing of the guarantee.

 i) Payment of Guarantee Fee

  • New Letter of Guarantee (LG) – Payable upon request for LG by Financial Institution (FI) but subject always to full payment of the Guarantee Fee & GST.
  • Anniversary LG – Payable on or before LG anniversary date, together with the annual Guarantee Fee & GST.

ii) Refund of Guarantee Fee

  • Refund of guarantee fee and GST will be pro-rated on monthly basis and applicable for LG cancelled or amended by CGC based on the unutilized period of the LG.
  • The utilized period is calculated from the month of LG/anniversary LG until the month of receipt of cancellation/ approval of amendment by CGC.

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    BizJamin Bumi Scheme

    Eligibility Criteria

    • New and existing borrower.
    • Company must be registered in Malaysia.
    • Eligible to Sdn Bhd, Partnership & Sole Proprietorship business entity.
    • Must be at least 51% owned by bumiputera (shareholding) & within SME definition.
    • Guarantee coverage is up to 90% of the unsecured portion

    Maximum Loan Limit

    Loan of up to RM10.0 million.

    Type Of Loan Facilities Covered

    • Term Loan
    • Bills Purchased
    • Overdraft
    • Bankers Acceptance
    • Letter of Credit
    • Shipping/Performance/Bank Guarantee
    • Trust Receipt
    • Hire Purchase
    • Export Credit Refinancing (ECR)
    • Leasing

    Interest Rate

    The annual interest rate is up to Base Lending Rate (BLR) + 2% maximum of the financing institutions.

    *Financing institutions are free to quote the interest rate if the guarantee cover is 50% or less.

    Guarantee Coverage

    The CGC guarantee coverage ranges from between 30% to 90% subject to the following:-

    • Unsecured Portion – Up to 90% (a maximum cover of RM3.0 million)
    • Secured Portion – Up to 90% (no capping imposed on secured portion)

    Guarantee Fee

    • Unsecured Portion : 0.75% to 4.00% per annum.
    • Secured Portion : 0.50% to 3.20% per annum.

    SMEs with higher risk profiles will be charged higher guarantee fees, whereas SMEs with lower risk profiles will be charged lower guarantee fees. The range observed is to match borrower’s credibility in terms of risk rating with the pricing of the guarantee.

    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.

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      Your Name:

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      BizJamin NRCC

      Eligibility Criteria

      • A company registered and operating in Malaysia, Malaysian-shareholder(s) must have a minimum of 30% shareholding in the company and is/ are the guarantor(s).
      • Meet National SME Development Council’s (NSDC) SME definition (for details, please click here).

      Maximum Loan Limit

      Loan of up to RM15.0 million

      Credit Facilities Covered

      • Term Loan
      • Overdraft
      • Letter of Credit
      • Trust Receipt
      • Bills Purchased
      • Bank Guarantee
      • Export Credit Refinancing (ECR)
      • Banker’s Acceptance
      • Shipping Guarantee
      • Hire Purchase
      • Leasing
      • Any other credit facilities determined from time to time by CGC

      Interest Rate

      The annual interest rate is up to 2% above the Base Lending Rate (BLR) of the financial institutions.

      Participating Financial Institutions

      Participating Development Financial Institutions (DFIs) and Commercial Banks

      Guarantee Coverage

      CGC guarantee coverage ranges between 50% and 70% subject to the following:-

      • Unsecured Portion – Up to 70% (a maximum cover of RM5.0 million)
      • Secured Portion – Up to 70% (no capping imposed on secured portion)

      Guarantee Fee

      • Unsecured Portion – 1.00% to 4.00% per annum
      • Secured Portion – 0.75% to 3.20% per annum

      SMEs with higher risk profiles will be charged higher guarantee fees, whereas SMEs with lower risk profiles will be charged lower guarantee fees. The range observed is to match the borrower’s credibility in terms of risk rating with the pricing of the guarantee.

      i) Payment of Guarantee Fee

      • New Letter of Guarantee (LG) – Payable upon request for LG by Financial Institution but subject always to full payment of the Guarantee Fee
      • Anniversary LG – Payable on or before LG anniversary date, together with the annual Guarantee Fee

      ii) Refund of Guarantee Fee

      • Refund of Guarantee Fee will be pro-rated on monthly basis and applicable for LG cancelled or amended by CGC based on the unutilised period of the LG.
      • The utilised period is calculated from the month of LG/anniversary LG until the month of receipt of cancellation/ approval of amendment by CGC.

      Leave your contact details here and we will get back to you.

        Your Name:

        Email:

        Contact Number:

        Enquiry: