Government Guarantee Scheme - Prihatin (GGS-Prihatin)
GGS-Prihatin has been fully utilised and is now closed
- Scheme Limit:
RM6.0 billion
- Tenure of Financing:
Financing for up to 10 years
- Availability/ Application Period:
Open for applications until 31st December 2020, or upon full utilisation of the scheme limit of RM6.0 billion only, whichever is earlier
- Purpose of Financing:
- Working Capital
- Capital Expenditure
This guarantee scheme cannot be used to refinance existing facility granted by the same or other participating financial institutions
- Type of Facility:
Term Loan/ Term Financing, Overdraft/ Cash Line-i, Trade Facilities and Commercial Card
- Financing Limit:
Minimum: RM75,000.00 only
Maximum: RM20.0 million only
The financing limit is subject to the aggregate/ combined Group financing limit not exceeding RM20.0 million for all schemes managed by SJPP, including this facility.
Group is defined as companies under the same group by way of shareholding (holding 50% or more), directors (providing guarantees) and guarantors related.
- Guarantee Coverage:
80% guarantee of the financing obtained from the participating Financial Institutions (including principal and interest/profit) by the Government of Malaysia
- Guarantee Fee:
- If the aggregate/ combined Group financing limit* including this GGS-Prihatin financing is within RM10.0 million - 0.75% per annum payable upfront
- If the aggregate/combined Group financing limit* including this GGS-Prihatin financing is above RM10.0 million and up to RM20.0 million - 1.0% per annum payable upfront for the GGS-Prihatin facility portion that is above RM10.0 million
* As defined in Financing Limit above
- Source of Funds/ Financing Facility:
From the participating financial institutions or Bank Negara Malaysia (All Economic Sectors Facility)
- Interest/ Profit Rate:
Determined by participating financial institutions