Disaster Relief Facility (DRF)

Overview

Bank Negara Malaysia (BNM) would like to announce the availability of RM200 million financing facilities for micro and small and medium enterprises (MSMEs) affected by the recent floods nationwide under the Disaster Relief Facility 2022 (DRF 2022).

The DRF 2022 will assist SMEs in covering the costs of repairs and/or replacement of assets for business use (e.g. plants and machinery) which have been damaged by floods; and/or for working capital. The DRF 2022 is available to SMEs, including microenterprises, with a maximum amount of financing of up to RM700,000 per SME and up to RM150,000 per micro enterprise. The tenure of the financing is up to 7 years, including a moratorium period of 6 months on both principal and interest/profit payments. The financing rate is up to 3.50% per annum, inclusive of  0.5% guarantee fee. The facility will be available from 27 December 2021 until full utilisation (or until further notice, depending on the flood situation).

Maximum Loan Amount 

RM700,000

Loan Term 

1 Year - 7 Years (6 mths moratorium)

Interest Rates

3.5%

Speed

3 - 4 Weeks

Features

Disaster Relief Facility (DRF) 2022 is to alleviate the financial burden of SMEs affected by floods and enable them to resume their business operations.

Eligibility

Microenterprises and SMEs (at least 51% shares held by Malaysians) affected by floods located in districts identified by Agensi Pengurusan Bencana Negara as flood disaster areas.

Purpose of Financing

 

Note: Financing should not be used for refinancing of existing credit/ financing facilities

  • Repairs and/or replacement of assets for business use (e.g. plants and machinery) which have been damaged by natural disasters; and/or

  • Working capital

Financing Amount

 

Note: A collective financing limit is applicable for SMEs with common shareholder(s) of equal to or more than 20% shareholding

  • For Micro Enterprises: Up to RM150,000 per microenterprise

  • For SMEs: Up to RM700,000 per SME

Financing Rate

Up to 3.5% p.a. (inclusive of 0.5% guarantee fees)

 

Financing Tenure

Up to 7 years, including a moratorium period of 6 months on both principal and profit payments

Guarantee Coverage

80% guarantee cover at 0.5% p.a. guarantee fee from the Credit Guarantee Corporation Malaysia Berhad (CGC) or Syarikat Jaminan Pembiayaan Perniagaan (SJPP).

Availability of Fund

From 27 December 2021 until full utilisation (or further notice, depending on the flood situation)

 6 Reason Why Apply with us

  1. We same as the Banker, but Banker just represents their bank, they only can help you to apply the loan from their own bank, and we do not belong to any bank.

  2. And most importantly, you save a lot of time and the hassle going from bank to bank and hence, we are the one stop centre for you.

  3. SMI Funding directly using through our network, based on your documents, qualification, nature of business, and other information, find out that which Commercial Bank having higher approval rate chances (Maybank, RHB, Ambank, Standard Chartered & etc) 90% approval rate helped the company successfully get the fund.

  4. Our consultant are commission based, hence they need to work closely with you and the banks until your loan is approved. If not, they won't get a single cent. We charge services charge based on the loan approved. No approval, no commission to be paid. Mean you are gurantee NO RISK

  5. After you’re funded, you and our consultant will work through a plan to get you better lending products in the future. When that time comes, we’ll be there to help you take the next step.