Special Relief Facility Scheme (SRF)
- Objective:
To alleviate short-term cash flow problems faced by SMEs affected by the COVID-19 outbreak
-
Scheme Limit:RM7.5 billion (non-revolving basis until expiry of the Scheme)
- Tenure of Financing:
Up to 5.5 years with 6 months moratorium
- Availability/ Application Period:
From 6 March 2020 until the Scheme limit is fully exhausted or until expiry on 31 December 2020, whichever is earlier
- Purpose of Financing:
Working Capital
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 only
- Financing Limit:
Minimum: RM75,000.00 only
Maximum: RM1.0 million only
- 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:
0.5% per annum payable upfront
- Source of Funds:
Bank Negara Malaysia via the participating financial institutions
-
Interest/ Profit Rate:Up to 3.5% per annum inclusive of SJPP's guarantee fee