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 RM4 billion by Bank Negara Malaysia that aims to provide relief and support...

Find out more >

See what others say

Allowing us to pay lower monthly instalments has really eased our cashflow especially since many businesses faced a slowdown.

An OCBC Bank SME customer
from the aquaculture industry.

The clean Term Loan under CGC guarantee obtained through OCBC Bank has been an extra cushion for us to sustain our business during the pandemic.

An OCBC Bank SME customer
from the recycling industry.

A loan which was approved recently in this challenging time due to Covid19 has provided additional cashflow for us to sustain our business.

An OCBC Bank SME customer
from the hardware industry.

Allowing us to restructure the monthly commitments and instalment for our existing Term Loan has certainly eased our cashflow in this challenging time.

An OCBC Bank SME customer
from the retail industry.

We needed more funds to purchase raw materials; thanks for the continued trust and confidence in our company by helping us to apply for a loan through the CGC guarantee as well for supporting us despite credit tightening during the pandemic.

An OCBC Bank SME customer
from the jewelry industry.


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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
  • Open to all facility types
  • Option to opt out from the automatic moratorium
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

BNM Automatic Moratorium: General FAQ

BNM Automatic Moratorium: Fixed Rate Islamic Financing FAQ

BNM Automatic Moratorium: Fixed Rate Conventional Loan 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
  • 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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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):

Individuals with loss of employment or B40 recipients of Bantuan Sara Hidup (BSH) / Bantuan Prihatin Rakyat (BPR) with a Commercial Property Loan or Financing
  • 3-month moratorium; or
  • 6-month reduction in instalments by 50%
Individual who suffered a reduction in income with a Commercial Property Loan or Financing
  • Lower instalments with subsequent step-up payments, and/or tenure extensions
Microenterprises (as defined by SME Corp) with an approved Loan or Financing facilities of up to RM150,000
  • 3-month moratorium; or
  • 6-month reduction in instalments by 50%
SMEs including microenterprises that are not allowed to operate during the Movement Control Order (MCO)
*list as defined by Majlis Keselamatan Negara (MKN)
  • 3-month moratorium; or
  • 6-month reduction in instalments by 50%
SMEs
  • Lower instalments with subsequent step-up payments, and/or tenure extensions

Post-moratorium: Payment Relief Assistance (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 RM4 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:
  • Personal services (e.g. repair of computers/household goods, laundry, hairdressing, beauty)
  • Food and beverage service activities
  • Human health and social work activities
  • Arts, entertainment and recreation
  • Wholesale and retail trade
  • Business services (e.g. professional, scientific and technical activities; administrative and support service activities)
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
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Contact us

Want to know more about our products?
Call us at 603 8317 5200
Important Notices

Terms & Conditions apply.