Jaguh Serantau is a financing programme to support Bumiputera SMEs with the potential to become regional champions by offering all types of financing as determine by SME Bank with a profit rate subsidy of 1.5% per annum by the Government.
Purpose
- Asset acquisition
- Working Capital
Eligibility
- Small and Medium Enterprises (SMEs) as defined by SME Corporation Malaysia (SME Corp) including Large Enterprise.
- 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 are adversely affected by the COVID-19 pandemic period/ Movement Control Order).
Financing Facility(ies)
- Commodity Murabahah Term Financing-i (CMTF-i)
- Ijarah Thummal Bai’ Term (ITB) Financing
Financing Limit
- Minimum : RM100,000.00
- Maximum : RM20.0 million
Profit Rate
- From BFR – 1.0% per annum to BFR + 2.5% p.a (net after 1.5% subsidy)
Margin of Financing
- 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%
- Working Capital : Up to 100%
Financing Tenure
- Machinery / Equipment
- 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
- Working Capital : Up to 5 years
Collateral
- Any collateral acceptable by the Bank as per SME Bank's policy.
- Personal guarantees / joint and several guarantees.
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.
Fees & Charges
Product Disclosure Sheet