Both new and going concerns, with paid-up capital not exceeding RM3 million;
At least 51% Malaysian shareholding; and
No more than 150 full-time employees or annual turnoner not exceeding RM25 million
Approved Activities
Companies in the manufacturing, agro-based and service (including ICT) sectors, undertaking expansion, modernisation, diversification, and/or relocation programmes; and
Permitted only for financing of fixed assets, working capital requirements and technical asistance services.
Funding
This loan is for financing the purchase of fixed assets and working capital requirements only, and is not applicable for refinancing of existing loans/credit facilities, purchase of land, settlement of taxes, financing the purchase of shares or existing assets, trade financing and leasing of fixed assets.
Minimum funding per customer : RM50,000
Maximum funding per customer : RM5 million
Interest/financing rate : 6.25% per annum
Maximum repayment tenure : 15 years, including a grace period of up to 3 years (for fixed assets, and a combination of working capital and fixed asset financing); and : Not exceeding 1 year for working capital financing only
For purchase of fixed assets, the percentage of financing shall not exceed RM500,000; and
For a combination of fixed assets and working capital financing, the working capital portion shall not exceed 20% of total loan
Submission of Application and Communication All inquiries and applications should be made through any one of the following participating institutions. The above criteria may vary from one institution to another.
Attn:Malaysian Industrial Development Finance Berhad (MIDF)
