Introduction

Collaborative effort with TERAJU in financing eligible Bumiputera SME companies under TERAS and Non Teras program.

Financing Concept

Based on Syariah financing concept (e.g. Bai’ Inah, Bai’ Bithaman Ajil, Ijarah, Ijarah Thummal Bai’, Bai’ Murabahah, Bai’Dayn, Bai’Istisna, Kafalah)

Purpose & Margin of Financing

a) Purchase of Assets (Landed property only) for business expansion

Items Maximum Margin of Financing
Landed Factory building / business premises Up to 90%

 

b) Working Capital, Bank Guarantee, Plant/Machinery, Vehicle & Renovation for business expansion

Items Maximum Margin of Financing
Working Capital, Bank Guarantee, Plant / Machinery, Vehicle & Renovation Up to 100%

Note : Financing facilities under this Scheme is not allowed for settlement or repayment of existing facilities with other financial institutions.

Financing limit

Items Amount
Landed Factory building / business premises Maximum of RM10.0 million per customer.
Working Capital, Bank Guarantee, Plant / Machinery, Vehicle & Renovation Maximum of RM5.0 million per customer.

 

Tenure

Items Tenure
Landed Factory building / business premises Maximum of up to 30 years including grace period of not more than 24 months (under construction)
Working Capital, Bank Guarantee, Plant / Machinery, Vehicle & Renovation Maximum of up to 10 years including grace period of not more than 6 months. Grace period is applicable for financing of Plant/Machinery and Vehicle
Bank Guarantee Based on the contract requirement

 

Profit Rate

Items Rate
Landed Factory Building / Business Premises BFR – 0.6% p.a (yearly rest)*
Working Capital, Bank Guarantee, Plant / Machinery, Vehicle & Renovation Up to BFR + 0.5% p.a (yearly rest) depending on risk rating*
Bank Guarantee Annual Fee : 1.25%

Note :- (*) Non-TERAS companies are subjected to rate up to BFR + 2% p.a (based on risk rating)

Eligibility

  • SME Companies under TERAS program
  • SME Companies – Non Teras
    • Minimum 2 star SCORE rating by SME Corp
    • Must not be a subsidiary of a GLC/MNC
    • Minimum 60% of Bumiputera equity.
    • CEO/MD must be Bumiputera.
    • Majority of the management teams are Bumiputera.
    • Core business should be in NKEA sectors with the focus of Oil & Gas, Vendor Development Program and developing supply chain.

Security & Collateral

Any of combinations of the following :-

  • Joint and several guarantee
  • Charge on property financed
  • Debenture
  • Facility Agreement
  • Deed of Assignment
  • Cash collateral
  • Any other forms of security deemed necessary

For further inquiries, please visit our nearest Enterprise Centre.

Our Branch network.  

 

1TERAS
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