BNM has on 1st December 2020 announced the Targeted Relief & Recovery Facility (TRRF) to alleviate the financial burden and assist in the resumption of business operations of the SME’s affected by 2020 Covid 19 outbreak, effective from 2nd December 2020 to 31st December 2021.
Some of the key features are as follows:
Features
Financing Limit
Up to RM 500,000.00
Financing Tenure
Financing Rates
3.5% per annum
Facility type
Term Financing only
Security
CGC and Syarikat Jaminan Pembiayaan Perniagaan (SJPP)
Eligibility
SME companies and business enterprise in Services sector only (except tourism sector and tourism-sub sector).
Note :
SME Applications (TRRF) for Sdn Bhd and SP/P
Determine whether the applicant is SME:
For SDN BHD
For SP/P
Product Disclosure Sheet
*SP – Sole Proprietor
*P- Partnership