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Soft Loan for SMEs

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Objective
To provide financing to SMEs, including new start-up business for working capital requirements and expansion in productive capacity

Maximum financing rate : 2% per annum

Maximum tenure :

  • Land and Building : up to 15 years including grace period of up to 2 years;
  • IT Equipment : Up to 4 years including grace period of up to 1 year;
  • Revolving Working Capital - Subject to annual review
  • Machinery and Equipment : Up to 6 years including grace period of up to 1 year
  • Term Working Capital : Up to 3 1/2 years including grace period of up to 6 months

Minimum financing : RM50,000

Maximum financing :

  • Project Financing : RM 1.5 million
  • Fixed Assets Financing : RM 1 million
  • Working Capital Financing : RM 1 million

Participating financial institutions / Implementing Ministry / Agency
Malaysian Industrial Development Finance Berhad (MIDF)

Eligibility criteria

  • SMEs incorporated under the Companies Act 1965 or Registration of Business Ordinance 1956;
  • At least 60% equity held by Malaysians;
  • Subsidiaries of public listed companies (not exceeding 20% shareholding); and
  • Possess valid premises license

Purpose of financing
Project, fixed asset and working capital financing

Eligible sector / Types of financing

  • Manufacturing
  • Manufacturing Rrelated Services
  • Services (excluding insurance and financial services)

Eligible expenses

  • Project, fixed assets and working capital financing;
  • Costs incured for initial store renovation and upgrade of store display for retail trade
  • Working capital for companies with confirmed contract from GLCs, MNCs, and the government including its agencies

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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