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Jaguh Serantau

Jaguh Serantau is a financing programme to support Bumiputera Small and Medium Enterprises (SME) with the potential to become regional champions by offering all types of financing as determined by SME Bank with a profit rate subsidy of 1.00% per annum by the Government.


Purpose

  • Asset acquisition
  • Working Capital

Eligibility

  • Small and Medium Enterprises (SME) as defined by SME Corporation Malaysia (SME Corp) including Large Enterprise with 51% or more of the equity held by Bumiputera..
  • Shariah compliant business.
  • Product or services offered are having presence regionally or export-ready for regional market. 
  • The Company has been in operations for at least two (2) years.
  • Minimum 5% annual revenue growth and profitable for the last two (2) years of operation (except for the financial year ended 2020 and 2021, which were adversely affected by the COVID-19 pandemic period/ Movement Control Order).

Financing Facilities

  • Commodity Murabahah Term Financing-i (CMTF-i)
  • Ijarah Thummal Bai' (ITB) Financing

Financing Limit

  • Minimum : RM100,000.00
  • Maximum : RM10.0 million

Profit Rate

  • From BFR + 0.00% p.a to BFR + 2.50% p.a (net of 1.00% p.a profit rate subsidy)

Margin of Financing

Margin of Financing is subject to SME Bank’s prevailing policy as follows:

  • Plant / Machinery / Equipment : 
    • New : Up to 80%
    • Used / Refurbish / Recond : Up to 70%
  • Boiler / Crane
    • New : Up to 80%
    • Used / Refurbish / Recond : Up to 70%
  • Vehicle
    • New : Up to 90%
    • Used / Refurbish / Recond : Up to 70%
  • Renovation
    • Owned premise : Up to 70%
    • Rental premise : Up to 50%
  • Land : Up to 80%
  • Building : Up to 90%
  • Term Working Capital :  Up to 100%

Financing Tenure

Financing Tenure is subject to SME Bank’s prevailing policy as follows:

  • Machinery / Equipment / Vehicle
    • New : Up to 7 years
    • Used / Refurbish / Recond : Up to 5 years
  • Renovation
    • Owned Premise : Up to 7 years
    • Rental Premise : Up to 5 years
  • Plant / Boiler / Crane : Up to 10 years
  • Land / Building : Up to 20 years 
  • Term Working Capital :  Up to 5 years

Collateral

Collateral acceptable by the Bank as per SME Bank's policy.

 

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.
  • For working capital financing involving purchase of stock (materials raw, semi-finished goods) shall be covered by Takaful coverage. 

Product Disclosure Sheet

Jaguh Serantau

SME Bank is now available to accept online financing applications Apply Now

Any further enquiries, please contact our Customer Contact Centre at 03-2603 7700 or email

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