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Malaysian Industrial Development Finance Berhad (MIDF): Soft Loan for Automation and Modernisation

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Financial Assistance

Malaysian Industrial Development Finance Berhad (MIDF):

Soft Loan for Automation and Modernisation

Objective
To assist industries to modernise and automate their manufacturing processes and upgrade their production capability and capacity.

Maximum financing rate : 4% per annum

Maximum tenure : Up to 7 years, inclusive of 1 year grace period

Minimum financing : RM100,000

Maximum financing : RM5 million or up to 85% of the project cost

Eligibility criteria

  • Malaysian-owned (min. 60% equity) companies incorporated under the Companies Act 1965

  • Possess a valid business licence

  • Business has been in operation for at least 2 years

Purpose of financing

  • Industrial adjustment
  • Automation

Eligible sector / Types of financing
Manufacturing, electrical and electronics, iron and steel, woods products and furniture, textiles and apparel, plastic and chemical products and automotive

Application procedure
Applications to be submitted to MIDF

Contact

Assistant Vice President and Head
Group Corporate Communications,
Malaysian Industrial Development Finance Berhad (3755-M),
Level 19, Menara MIDF,
82, Jalan Raja Chulan,
50200 Kuala Lumpur

Tel : (603) 2173 8888
Fax : (603) 2173 8877
E-mail:inquiry@midf.com.my

 
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