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Soft Loan Scheme for Automotive Development

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Objective
To assist and encourage the manufacturers of automotive parts and components to enhance and improve their productivity, production and export performance.

Maximum tenure : 3 to 7 years, inclusive of 1 year grace period

Minimum financing : RM50,000

Maximum financing : RM5 million per application

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
  • Registered members of MACPMA, PROTON   Components and Parts Manufacturers Association or PERODUA Vendors Club

Eligible sector / Types of financing

  • Automotive parts
  • Components manufacturing

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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