SME Financial Relief Measures

In light of the recent COVID-19 outbreak, OCBC is introducing several relief measures to help alleviate the
financial burdens of our SME customers. Your business is important to us and we are committed to assisting and supporting affected SMEs so they are able to keep their business operations going amidst these challenging times.

The relief measures aimed at helping SMEs with temporary cashflow difficulties amidst the COVID-19 outbreak.

Overview Automatic moratorium on all repayments of loans/financing, including principal and interest/profit for 6 months
Validity Period 1 April - 30 September 2020
Features
  • Open to all facility types
  • Option to opt out from automatic moratorium by 10 April 2020.
Eligibility
  • Open to all existing SME customers of OCBC Bank
  • Only applicable to loans/financing that are
  1. Not in arrears exceeding 90 days as at 1 April 2020
  2. Denominated in Malaysian Ringgit
Others Handling fee for the application will be waived
FAQ Click here for Frequently Ask Question

An initiative by:

Special Relief Facility (SRF), with an allocation of RM5 billion by Bank Negara Malaysia. It aims to help
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 payments
Others
  • No collateral required
  • 80% guarantee coverage by Credit Guarantee Corporation (CGC)
Eligibility
  • Open to all existing SME customers of OCBC Bank
  • Has main operating account with OCBC Bank
  • Company is 100% owned by Malaysian
  • All directors and guarantors are Malaysian Citizen
Required Documents 1. Completed application form
2. NRIC
FAQ Click here for Frequently Ask Question

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