To help SMEs deal with the ongoing effects of COVID-19, OCBC has introduced several relief measures so they can keep their business operations going amidst these challenging times.
The repayment assistance programmes are aimed at helping SMEs with temporary cashflow difficulties to tide through the effects of the pandemic.
Find out more >The Targeted Relief and Recovery Facility (TRRF) is an allocation of RM 8 billion by Bank that aims to provide relief and support recovery for eligible SMEs.
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This relief measure aims to help SMEs with temporary cashflow difficulties amidst the COVID-19 outbreak.
Overview | The automatic moratorium is applicable to all repayments/payments of loans/financing, including principal and interest/profit for 6 months |
Validity Period | 1 April - 30 September 2020 |
Features |
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Eligibility |
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Others | Handling fee for the application will be waived |
FAQ |
BNM Automatic Moratorium: General FAQ |
The Special Relief Facility (SRF) is an allocation of RM5 billion by Bank Negara Malaysia that aims to alleviate the short-term cash flow problems faced by SMEs adversely affected by the COVID-19 outbreak.
Validity Period | 6 March - 31 December 2020 |
Purpose of Financing | Working capital only 30% of the approved financing may be used to refinance the existing financing facility |
Margin of Financing | RM1 million per SME |
Financing Rate | 3.5% per annum inclusive of guarantee fees |
Financing Tenure | Up to 5.5 years, including a moratorium period of 6 months on both principal and interest/profit payments |
Others |
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Eligibility |
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Required Documents | 1. Completed application form 2. NRIC |
FAQ | Click here for Frequently Ask Question |
Contact us
Want to know more about our products?Call us at 603 8317 5200Many microenterprises and SMEs continue to face financial challenges amidst the trying times brought about by COVID-19. Please be assured that OCBC Bank and OCBC Al-Amin are here to lend a hand during this time of need.
In line with the announcement of the PEMULIH package on 28 June 2021, we are providing repayment assistance as follows:
The Targeted Relief and Recovery Facility (TRRF) is an allocation of RM8 billion by Bank Negara Malaysia that aims to provide relief and support recovery for eligible SMEs in the services sector affected by the reintroduction of containment measures since June 2020.
Eligibility |
Malaysian SMEs in services sector affected by reintroduction of COVID-19 containment measures since June 2020 (except for tourism and tourism-related subsectors), such as:
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Availability | 1 December 2020 until 30 June 2022 or full utilisation (whichever is earlier) |
Purpose of Financing |
Working Capital only 30% of the approved financing may be used to refinance the existing financing facility |
Margin of Financing |
Up to RM500,000 per SME
Up to RM75,000 per microenterprise Note: The above is applicable for SMEs with common shareholder(s) of more than 20% shareholding |
Financing Tenure | Up to 7 years, including a 6 months moratorium on monthly instalments |
Financing Rate | Up to 3.5% p.a. (inclusive of any guarantee fee) |
Guarantee Coverage |
Guarantee by Credit Guarantee Corporation (CGC) or Syarikat Jaminan Pembiayaan Perniagaan (SJPP) as below:
For SME: 80% (0.5% guarantee fee) For microenterprise: 90% (0.5% guarantee fee) |
FAQ | Click here for Frequently Ask Question |
Contact us
Want to know more about our products?Call us at 603 8317 5200Terms & Conditions apply.