Supporting SMEs through COVID-19
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.
Special Relief Facility
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 >Post-moratorium Targeted Repayment Assistance
The targeted relief measures are aimed at helping SMEs with temporary cashflow difficulties deal with the effects of COVID-19.
Find out more >Targeted Relief and Recovery Facility
The Targeted Relief and Recovery Facility (TRRF) is an allocation of RM2 billion by Bank Negara Malaysia that aims to provide relief and support...
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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 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 |
| 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 |
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Want to know more about our products?Call us at 603 8317 5200
Post-moratorium Relief Assistance for SMEs
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):
- 3-month moratorium extension*; or
- 6-month reduction in instalments by 50%
- 3-month moratorium extension; or
- 6-month reduction in instalments by 50%
- 3-month moratorium extension up to December 2020 only; or
- Lower instalments with subsequent step-up payments, and tenure extensions
Post-moratorium: Payment Relief Assistance (FAQ)
Enhanced Targeted Repayment Assistance for B40, M40 & Microenterprises (FAQ)
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.
The Targeted Relief and Recovery Facility (TRRF) is an allocation of RM2 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 Dec 2020 until 31 Dec 2021 or full utilisation (whichever is earlier) |
| Purpose of Financing | Working Capital only |
| 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
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