- Constituent documents for companies / businesses
- Photocopy of NRIC of directors / guarantors / sole proprietor / partners
- Bank statment for the past 6 months
- Financials or Management Accounts
CREDIT GUARANTEE CORPORATION (CGC) GUARANTEE SCHEME
Guarantee coverage schemes for SMEs. Partially secured or collateral-free financing.
Loan amount of up to RM1 million
Guarantee coverage of up to 70%
Comfortable repayment period of up to 10 years
Business registered with Suruhanjaya Syarikat Malaysia (SSM), or authorities/district offices in Sabah and Sarawak
Must be an SME
Malaysian-owned and controlled businesses
Guarantee coverage schemes to support viable SMEs for partially secured or collateral-free financing.
Financing of up to RM1 million
Partial secured or collateral-free financing
Repayment period of up to 10 years
Type of CGC Schemes
- Bizjamin/i 50
- Bizjamin/i 70
Must be an SME.
Must be a Malaysian-owned and controlled business, with at least 51% shareholding.
Partnership and Private Limited Companies may apply.
Must be owned or controlled by a Malaysian, i.e. the majority shareholding/interest must be held by a Malaysian.
No adverse financial record.
Terms and conditions
All required forms and supporting document must be duly completed and submitted.
All loans are subject to satisfactory assessment by the Bank.
Subject to Credit Guarantee Corporation (CGC) credit evaluation approval.
The current Base Lending Rate (BLR) effective from 9 November 2022 is 6.51% p.a. for loans/financing facilities referenced against BLR.
Questions and Answers
Guarantee Fee on unsecured portion:
Fee paid by the Bank ranges from 0.75% to 4.00% per annum.
Fee paid by the Customer ranges from 0.75% to 4.00% per annum.
No. Refinancing of existing facilities is not allowed.
Fast, flexible and convenient. Sustain your business cash flow and expansion plans without any collateral
OCBC eBiz Account
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Financing to SMEs
Enjoy customisable financial solutions that cater to your business needs
|Manufacturing||Sales turnover not exceeding RM300,000
Full-time employees not exceeding 5
|Sales turnover from RM300,000 to less than RM15 million
Full-time employees from 5 to less than 75
|Sales turnover from RM15 million to not exceeding RM50 million
Full-time employees from 75 to not exceeding 200
|Services & Other Sectors||Sales turnover from RM300,000 to less than RM3 million
Full-time employees from 5 to less than 30
|Sales turnover from RM3 million to not exceeding RM20 million
Full-time employees from 30 to not exceeding 75