BizCashPlus
BizCashPlus is a financing programme aimed to assist Micro, Small and Medium Enterprises (MSMEs) for working capital requirement.
Purpose
- Working Capital
Eligibility
- Micro, Small and Medium Enterprises (MSMEs) as defined by SME Corporation Malaysia (SME Corp).
- Registered with Suruhanjaya Syarikat Malaysia (SSM), or authorities / district offices (for Sabah and Sarawak), or statutory bodies for professional service providers.
- Minimum of 51% Malaysian equity ownership and 51% Malaysian directorship.
- At least 3 years from the date of application (including conversion / upgrade from Sole-proprietor and Partnership under similar business activity).
- Shariah-compliant business.
Financing Facilities
- Commodity Murabahah Term Financing-i (CMTF-i)
Financing Limit
- Minimum: RM100,000.00
- Maximum: RM1.0 million
Profit Rate
- Minimum: BFR + 0.0% p.a
- Maximum: BFR + 2.0% p.a
Margin of Financing
- Working capital: Up to 100%
Financing Tenure
- Up to 5 years
Collateral
- Guarantee cover from Syarikat Jaminan Pembiayaan Perniagaan (SJPP).
- Personal guarantees / joint and several guarantees / corporate guarantees.
Takaful
- Takaful coverage is mandatory if the asset is given as security for the financing (if applicable). You have the option to select the service offered by our panel Takaful operators or non-panel Takaful operators.
Fees and Charges
Product Disclosure Sheet
SME Bank is now available to accept online financing applications Apply Now
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