Credit Guarantee Corporation (CGC) Scheme

Government Schemes

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):

  1. Based on Number of Full-Time Employees

    SECTOR SIZEPRIMARY AGRICULTUREMANUFACTURING (INCLUDING AGRO-BASED) & MRSSERVICES SECTOR (+ ICT) & MINING & QUARRYING & CONSTRUCTIONS
    MicroLess than 5 employeesLess than 5 employeesLess than 5 employees
    SmallBetween 5 & 19 employeesBetween 5 & 50 employeesBetween 5 & 19 employees
    MediumBetween 20 & 50 employeesBetween 51 & 150 employeesBetween 20 & 50 employees
  2. Based on Annual Sales Turnover

    SECTOR SIZEPRIMARY AGRICULTUREMANUFACTURING (INCLUDING AGRO-BASED)SERVICES SECTOR (+ ICT) & MINING & QUARRYING & CONSTRUCTIONS
    MicroLess than RM200,000Less than RM250,000Less than RM200,000
    SmallBetween RM200,000 & less than RM1 millionBetween RM250,000 & less than RM10 millionBetween RM200,000 & less than RM1 million
    MediumBetween RM1 million & RM5 millionBetween RM10 million & RM25 millionBetween RM1 million & RM5 million

Concept

 Tawarruq

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

Guarantor

No guarantor is required.

How To Apply?

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

Small Medium Enterprises

26th Floor, Tower 1,

Bank Rakyat Twin Tower,

Jalan Travers,

50470 Kuala Lumpur

Tel: 03-26129600

Ext: 8945/8858/8311/8890/8794/8013

Fax: 03-2272 2306 / 03-2272 2307

Email: sme@bankrakyat.com.my

Basic Documents Required

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

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