MySMEBekal is a complete short term financing programme to supply or maintain the contract awarded by Federal Government, State Government, Government Agencies, Government Link Companies (GLC) and its subsidiaries.
Purpose
- Working Capital
- Bank Guarantee
Eligibility
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SMEs with good credit records
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Obtained supply or maintenance contract
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Contract awarder must be Federal Government, State Government, Government agencies, GLCs and its subsidiaries
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Contract tenure not more than 18 months.
Financing Concept
- Revolving Credit-i
- Kafalah Bank Guarantee (BG)
Margin of Financing
| CMRF |
Up to 100% of contract cost. |
| BG |
As per requirements by contract awarder |
Financing Tenure
| CMRF-i |
Up to 18 month |
| BG fee |
As per requirement by contract awarder |
Profit Rate
| CMRF-i |
1.5% p.m |
| BG Fee |
0.125 p.m |
Collateral
- 5% cash collateral for working capital
- 20% cash collateral for BG
- Assignment of contract proceeds
- Built-up sinking fund from contract proceeds
- Joint and several guarantees of directors/shareholders
Download MySMEBekal
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Product Disclosure Sheet
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For further inquiries, please contact any of our Enterprise Centres / Business Centres.
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