Credit Guarantee Corporation (CGC) Scheme

SME is the backbone of the country's economy. Bank Rakyat plays an important role in SME development by providing Islamic financial assistance via Credit Guarantee Corporation (CGC) scheme.

Eligibility

Companies defined as SME by Bank Negara Malaysia (BNM):

i) Based on Number of Full-Time Employees

Sector Size Primary Agriculture Manufacturing (including Agro-based) & MRS Services Sector (+ ICT) & Mining & Quarrying & Constructions
Micro Less than 5 employees Less than 5 employees Less than 5 employees
Small Between 5 & 19 employees Between 5 & 50 employees Between 5 & 19 employees
Medium Between 20 & 50 employees Between 51 & 150 employees Between 20 & 50 employees

ii) Based on Annual Sales Turnover

Sector Size Primary Agriculture Manufacturing (including Agro-based) Services Sector (+ ICT) & Mining & Quarrying & Constructions
Micro Less than RM200,000 Less than RM250,000 Less than RM200,000
Small Between RM200,000 & less than RM1 million Between RM250,000 & less than RM10 million Between RM200,000 & less than RM1 million
Medium Between RM1 million & RM5 million Between RM10 million & RM25 million Between RM1 million & RM5 million

Concept

Bai'Al-Inah/Al-Bai' Bithamin Ajil/Al-Istisna/Al-Ijarah Thumma Al-Bai'

Purpose

To assist small and medium-sized enterprises to gain access to financial facilities.

Margin

  • Minimum: RM50,000
  • Maximum: RM10 million (maximum of RM3 million of unsecured /clean portion)

Tenure

Subject to type of financing.

Guarantee Fee (payable to CGC)

  • Secured portion: 1.00% to 2.45%
  • Unsecured portion: 1.5% to 3.00%

* Terms and conditions apply

How To Apply?

Application can be forwarded to any Bank Rakyat's branches throughout the country OR directly to SMI Financing Department at this address:

SMI Financing Department
18th Floor, Bangunan Bank Rakyat
Jalan Tangsi, P.O. Box 11024
50732 Kuala Lumpur
Tel: 03-26129600 samb 683, 556, 712, 793, 794, 795 Faks: 03-26940211

Basic Documents Required

  1. Cover letter for financing application.
  2. A copy of company's profile.
  3. Profiles of Board of Directors and company's management team.
  4. Company registration forms (M&A, Form 9, 24,44 & 49).
  5. Detailed information/working paper of project to be financed.
  6. Last 3 years audited financial statements and latest management accounts.
  7. Last 6 months current account statements.
  8. Financing information from other financial institutions.
  9. Net worth of guarantors.

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