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Brave through rough times with help from Targeted Relief and Recovery Facility for SMEs

Targeted Relief and Recovery Facility (TRRF)

Brave through rough times with help from Targeted Relief and Recovery Facility for SMEs

Targeted Relief and Recovery Facility for SMEs

From now till 31 December 2021, Bank Negara Malaysia has established an additional RM2 billion financing facilities under Targeted Relief and Recovery Facility (TRRF) to provide relief and support recovery for small and medium enterprises (SMEs).

Targeted Relief and Recovery Facility for SMEs

Validity Period
From 1 December 2020 to 31 December 2021 or exhaustion of allocated funds, whichever is earlier
Types of Loan/ Financing Working Capital
Financing Rate 3.5% p.a.
Guarantee Fee The guarantee fee will be borne by Standard Chartered Bank Malaysia Berhad
Financing Tenure Up to 7 years, including a moratorium period of 6 months on both principal and interest payments
Financing amount Up to RM500,000 per SME ( applicable for SMEs with common shareholder(s) of > 20% shareholding )
Terms · Available under Term Loan or Term Financing;
· Guarantee coverage of 80% of the financing amount by Credit Guarantee Corporation Malaysia Berhad (CGC) or Syarikat Jaminan Pembiayaan Perniagaan (SJPP)
· No collateral required
Eligibility Malaysian SMEs in services sector affected by reintroduction of COVID-19 containment measures since June 2020 (except for tourism and tourism-related subsectors.
Person, Human, Apparel

Further Information

Please click here for Targeted Relief and Recovery Facility (TFFR) 2020 FAQ

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