Business Accelerator Programme RMK-12 (BAP RMK-12)
BAP RMK-12 is a collaborative effort with SME Corp to provide soft financing to Micro, Small, and Medium Enterprises (MSMEs) for their working capital requirements
Purpose of Financing
- Working capital requirement
Eligibility
- MSMEs incorporated under the Companies Act 2016.
- At least 60% Malaysian equity.
- Large-scale Institutions ("LSI"), including government agency shareholding, not exceeding 20%.
- Acquire a business license from the Local Authority and operate in valid business premises.
- Full-time business operator.
- Start-up companies/businesses, i.e., operational for more than one (1) year, are eligible.
- Priority will be given to companies with a good track record with financial institutions.
- Submit a copy of registration for “SCORE” assessment.
- Obtain MSME Status Certification from SME Corp.
Financing Facilities
- Commodity Murabahah Term Financing-i (CMTF-i)
Financing Limit
- Minimum: RM100,000
- Maximum: RM500,000
Profit Rate
- 3.5% p.a
Margin of Financing
- Up to 100%
Financing Tenure
- Up to 7 years including grace period of not more than 12 months.
Collateral
- No collateral shall be imposed for this financing.
Takaful
- Takaful / insurance 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
