- 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.
Guarantee coverage schemes to support viable SMEs for partially secured or collateral-free financing.
FEATURES AND BENEFITS
Financing of up to RM1 million
Partial secured or collateral-free financing
Repayment period of up to 10 years
FEATURES AND BENEFITS
Type of CGC Schemes
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BEFORE YOU APPLY
Eligibility requirements
Business registration
Must be an SME.
Must be a Malaysian-owned and controlled business, with at least 51% shareholding.
Partnership and Private Limited Companies may apply.
Business ownership
Must be owned or controlled by a Malaysian, i.e. the majority shareholding/interest must be held by a Malaysian.
Financial record
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 10 May 2023 is 6.76% p.a. for loans/financing facilities referenced against BLR.
or call us at +603 8317 5200.
Monday to Friday 9am to 6pm
(Excluding public holidays)
FAQ
Questions and Answers
What documents are required?
How much is the guarantee fee?
Guarantee Fee on unsecured portion:
Bizjamin/i 50
Fee paid by the Bank ranges from 0.75% to 4.00% per annum.
Bizjamin/i 70
Fee paid by the Customer ranges from 0.75% to 4.00% per annum.
Can I refinance my existing loan / financing under the new CGC scheme?
No. Refinancing of existing facilities is not allowed.
OTHER PRODUCTS YOU MAY LIKE
Business Term Loan
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OCBC eBiz Account
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Financing to SMEs
Enjoy customisable financial solutions that cater to your business needs
SME Category
| Category | Micro | Small | Medium |
| Manufacturing | Sales turnover not exceeding RM300,000 OR Full-time employees not exceeding 5 |
Sales turnover from RM300,000 to less than RM15 million OR Full-time employees from 5 to less than 75 |
Sales turnover from RM15 million to not exceeding RM50 million OR Full-time employees from 75 to not exceeding 200 |
| Services & Other Sectors | Sales turnover from RM300,000 to less than RM3 million OR Full-time employees from 5 to less than 30 |
Sales turnover from RM3 million to not exceeding RM20 million OR Full-time employees from 30 to not exceeding 75 |