BizFunds - CGC

Last Updated on Friday, 15 January 2010 02:10

Business Fundings

CREDIT GUARANTEE CORPORATION MALAYSIA BERHAD

DIRECT ACCESS GUARANTEE SCHEME

1.    All legal business activities under "Sdn. Bhd", partnership or sole proprietorship.
2.    A start-up company may apply provided a satisfactory and reasonable cash flow indicating repayment capacity of about 1.5 times.

Application Procedure

Application can be made directly to the implementing institutions. Stamp duty will be waived.

Type of Loan

Term or fixed loan Overdraft (the guarantee cover for overdraft facilities shall be reviewed yearly)
Maximum Loan Amount (per customers) Ranging from RM50 thousand to RM1 million:
1.    Up to RM500 thousand: for working capital.
2.    Up to RM500 thousand: for asset acquisition.

Maximum Lending Rate: BLR + 1.0 per cent per annum.
Maximum Tenure: 5 years
Guarantee Coverage: 100 per cent
Guarantee Fee: 1.5 per cent per annum based on the guarantee cover to be charged to the borrower.

The Agency

CGC

Application Procedure
Applications can be directed to CGC using a standard application form accompanied by necessary documents as per normal loan process¬ing.

Other Information

All enquiries on the guarantee should be forwarded to CGC at the following address:

CREDIT GUARANTEE CORPORATION MALAYSIA BERHAD
Aras 13-16 Bangunan CGC
Kelana Business Centre
97, Jalan SS7/2
47301 Petaling Jaya
Selangor Darul Ehsan
Tel: +60 3 7806 2300
Fax: +60 3 7806 3308
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it