SME Bank

PENJANA Tourism Financing (PTF) is aimed to support SMEs by preserving their capacity and assisting them to undertake the necessary investments to adjust and remain viable post COVID-19.

Purpose
  • Working capital and/or
  • Capital expenditure
Eligibility
  • Malaysian SMEs in the core tourism and tourism-related sectors which are either:
    • SMEs as defined by SME Corp Malaysia; or
    • Licensed by/registered with MOTAC.
  • The eligible sectors are as follows:
    • Core tourism:
      • Tourism accommodation premises (e.g. budget hotels, registered homestays, chalets and resorts)
      • Travel agencies & tour operators; and
      • Transportation for tourists (e.g. bus, boat and car rental operators)
    • Tourism-related sectors:
      • Medical tourism
      • MICE (Meetings, Incentives, Conference, Exhibitions) ecosystem
      • Money services businesses (MSB) – applicable to money changing operators who mainly serve inbound and outbound tourists; and
      • Tourism-related retail, recreation and wellness that can justify significant reliance on tourists.
  • Special Relief Facility (SRF) and PENJANA SME Financing (PSF) recipients are not eligible for the PTF.
Financing Concept
  • Commodity Murabahah Term Financing-i (CMTF-i)
  • Cash Line-i
  • Ijarah Thummulbai' (ITB)
Financing limit
  • Up to RM300,000 per SME
Profit Rate
  • 3.5% p.a (inclusive of guarantee fee)
Margin of Financing
  • Up to 80% for machinery/equipment
  • Up to 100% for Working Capital
Tenure
  • Up to 7 years including 6 months moratorium
Collateral
  • Up to 80% guarantee cover from Syarikat Jaminan Pembiayaan Perniagaan (SJPP); and
  • Personal guarantees/ joint and several guarantees/ corporate guarantees
  • No other collateral shall be imposed for the financing
Takaful
  • Takaful/insurance coverage is mandatory iff 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.
Required Documents for Online Application
  • Past Financial Statement available (Latest Management Account); OR latest 6 months bank’s statements
  • Copy of NRIC (Customer and/or partners)
  • Business Registration Document
  • Trading License (for businesses operating in Sabah & Sarawak)
  • Partnership Mandate Letter
Fees & Charges

Click here for Fees & Charges

Brochure & Product Disclosure Sheet

 

Any further enquiries, please contact our Customer Service Centre at 03-2603 7700