Go Halal SME Financing Program

Eligibility

Malaysian SMEs that fulfil the following criteria:

• Meets the definition of SMEs issued by SME Corporation Malaysia and business in operation for at least 2 years.
• Registered with the Companies Commission of Malaysia (SSM), or authorities/district offices in Sabah and Sarawak, statutory bodies for professional service providers.
• Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%.
• Malaysians residing in Malaysia that hold a minimum of 51% Malaysian shareholding/ ownership in the SMEs.

Purpose of Financing

• Halal Certification, Consultancy & Training Cost
• Business Reducing Term Takaful (BRTT) Contribution Cost
• Working Capital Requirement (WCR)
• Capital Expense (CAPEX) – only for new machine and equipment.

(Inclusive of legal documentation costs and SJPP guarantee fee for the first year).

Note: The facility cannot be utilized to refinance existing facility granted by the same or other Bank.

Financing Amount

• From RM100k up to RM1 mil (Sole-prop/ partnership)
• From RM100k up to RM3 mil (Sdn Bhd)

Financing Rate

Attractive financing rate

Financing Tenure

• Business Financing-i (BFi) – Up to 7 years
• Business Cash Line-i (BCL) – Up to 1 year (renewal)
• Multi Trade Facility-i – As per the respective trade products

Guarantee Coverage

Up to 80% guarantee coverage, with as low as 0.5% p.a. guarantee fee by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)