Disaster Relief Facility (DRF)
A financing program, introduced as part of Bank Negara Malaysia’s efforts, that aims to ease the financial burden on Micro, Small, and Medium Enterprises (MSMEs) impacted by floods and support them in resuming their business operations.
Eligibility
Microenterprises and SMEs 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 natural disasters; and/or
- Working Capital Requirements (WCR)
Note: Financing should not be used for refinancing of existing credit/ financing facilities
Legal documentation costs and agency fee to be included into the financing.
Financing Amount
- For Micro Enterprises: Up to RM150,000 per microenterprise
- For SMEs: Up to RM700,000 per SME
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. fixed rate, inclusive of 0.5% p.a. guarantee fee by Syarikat Jaminan Pembiayaan Perniagaan (SJPP) or Corporate Guarantee Corporation (CGC)
Financing Tenure
Up to 7 years, including a moratorium period of 6 months on both principal and profit payments.
Note: The Bank may offer a moratorium of more than 6 months, depending on customer’s circumstance.Guarantee Coverage
80% guarantee coverage by Syarikat Jaminan Pembiayaan Perniagaan (SJPP) or Credit Guarantee Corporation (CGC).
Availability of Fund
Effective from 27th December 2021 until full utilisation or further notice
Product Disclosure Sheet (PDS)
Click here for Product Disclosure Sheet – ENG Version
Click here for Product Disclosure Sheet – Malay Version
For enquiries email to: sme-assist@bankislam.com.my
