Guarantee Schemes


Credit Guarantee Corporation Malaysia Berhad was incorporated in 1972 with the objective of assisting Small and Medium Scale Entreprises (SMEs) gain access to credit facilities from Financial Institutions via CGC’s guarantee schemes. These guarantee schemes are specially designed to meet the needs of SMEs as well as the Financial Institutions.

 

The guarantee schemes available from CGC are as follows:

 

Scheme

Loan Amount

Cost

Coverage

Direct Access Guarantee Scheme (DAGS)

RM50,000 – RM2mil

Between 1.0% to 1.75% + BLR p.a.

30% - 100%

New Principal Guarantee Scheme (NPGS)

RM50,000 – RM10mil

Financial Institutions are free to quote the interest rate

i) Unsecured – 30% to 80%

ii) Secured – 30% to 90%

Islamic Banking Guarantee Scheme (IBGS)

RM50,000 – RM10mil

Financial Institutions are free to quote the profit margin

i) Unsecured – 30% to 80%

ii) Secured – 30% to 90%

Flexi Guarantee Scheme (FGS)

i) FSMI2 – up to RM3mil

ii) NEF2 – up to RM5mil

iii) RFSB – up to RM1.5mil

i) FSMI2 – 5.0% p.a.

ii) NEF2 – 5.0% p.a.

iii) RFSB - 5.0% p.a.

From 30% - 80%

Small Entrepreneur Guarantee Scheme (SEGS)

RM10,000 – RM50,000

   1.5% + BLR p.a.

i) Non-bumi – 80%

ii) Bumiputera – 80% & 100%

 

Click HERE (link to details of the scheme) to find out more about the most suitable scheme by answering 3 very simple questions.

 

In general, the eligibility criteria for an SME to qualify for CGC’s guarantee schemes are:

§         The business must be Malaysian owned or resident-controlled company

§         Operating a registered or licensed business in Malaysia

§         Possess a viable business / project

 

Applications may be made either by approaching the nearest CGC branch (applicable for the Direct Access Guarantee Scheme only). For other schemes, please liaise with any of the participating financial institution, who will process and evaluate the application and submit to CGC for guarantee if deemed necessary.

 

For further information on CGC’s schemes, please visit our website at www.iGuarantee.com.my or call our Client Service Centre at 03 – 7 88 000 88. 

 

 

 

HELPING YOUR BUSINESS GROW