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 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.Find out more >
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|
|Others||Handling fee for the application will be waived|
An initiative by:
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 Financing should not be used to refinance existing credit/financing facilities|
|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|
|Required Documents||1. Completed application form 2. NRIC|
|FAQ||Click here for Frequently Ask Question|
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Many 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.
To help you fulfil your payment obligations, we are providing targeted assistance to SMEs in need. The packages we offer to businesses include the following (details can be discussed):
If you have not been approached and wish to seek assistance, please leave your contact details below and we will contact you to discuss the alternative payment arrangements that are most suited to your situation.
Terms & Conditions apply.