CREDIT GUARANTEE CORPORATION (CGC) GUARANTEE SCHEME

Guarantee coverage schemes for SMEs. Partially secured or collateral-free financing

Why you will love this

Financing amount of up to RM1 million

Guarantee coverage of up to 70%

Comfortable payment period of up to 10 years

Who can apply

Businesses registered with Suruhanjaya Syarikat Malaysia (SSM) or authorities/district offices in Sabah and Sarawak

Must be an SME

Malaysian–owned and controlled businesses

Get us to contact you

Guarantee coverage schemes to support viable SMEs for partially secured or collateral-free financings.

Features and Benefits
icon_financing

Financing of up to RM1 million

icon_partial

Partial secured or collateral-free financing

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Payment period of up to 10 years

TYPES OF CGC SCHEMES
Features BizJamin-i 50 BizJamin-i 70
Financing type

Term Financing-i

Term Financing-i
Guarantee coverage

Up to 50% guarantee cover by CGC

Up to 70% guarantee cover by CGC
Collateral

FD/ FD-i equivalent to 20% of the Term Financing-i limit

Not required
Before you apply

Eligibility requirements

Business registration
Must be an SME*.
Business ownership
Must be a Malaysian-owned and controlled business, with at least 51% shareholding.
Partnership and Private Limited Companies may apply.

Terms and conditions

Submission
All required forms and supporting documents must be duly completed and submitted.
Approval
All financings are subject to satisfactory assessment by the Bank.
Subject to CGC credit evaluation approval.
Category Micro Small Medium
Manufacturing

Sales turnover not exceeding RM300,000
OR
full-time employees not exceeding 5.

Sales turnover from RM300,000 to less than RM15 million
OR
full-time employees from 5 to less than 75.

Sales turnover from RM15 million to not exceeding RM50 million
OR
full-time employees from 75 to not exceeding 200.
Services & other sectors

Sales turnover from RM300,000 to less than RM3 million
OR
full-time employees from 5 to less than 30.

Sales turnover from RM3 million to not exceeding RM20 million
OR
full-time employees from 30 to not exceeding 75.

or call us at +603 8314 9090

 

Operating hours are from 9am to 6pm, Monday to Friday (Excluding public holidays)
FAQ
What documents are required?
  1. Constituent documents for companies/businesses.
  2. Photocopy of NRIC of directors/guarantors/sole proprietor/partners.
  3. Bank statements for the past 6 months.
  4. Financials or Management Accounts.
How much is the guarantee fee?

Guarantee Fee on unsecured portion:

  1. BizJamin-i 50 - Fee paid by the Bank ranges from 0.75% to 4.00% per annum.
  2. BizJamin-i 70 - Fee paid by the Customer ranges from 0.75% to 4.00% per annum.
Can I refinance my existing financing facilities under the new CGC scheme?

No. Refinancing of existing facilities is not allowed.

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