BizJamin-i RAKYAT2E Scheme

Benefits

This scheme is offered in collaboration with Bank Kerjasama Rakyat Malaysia Berhad

  • Accessible to all iTEKAD Participants, Informal Micro Customers, or Home-Based Businesses. MSMEs can apply for a CGC guarantee at CGC branches nationwide.
  • Coverage: Term Financing available to businesses that have been operating for at least six (6) months.
  • Skill Enhancement: Key business personnel and management will acquire valuable knowledge and skills for sustainable growth by completing the iTEKAD programme and/or participating in any of the pre-determined business courses.

 

Eligibility

  • Business Types: Open to Sole Proprietorships, Partnerships, Limited Liability Partnerships and Private Limited Companies. 
  • Local Incorporation: Businesses must be locally incorporated or registered in Malaysia, with at least 51% Malaysian shareholding.
  • Shariah Compliance: For the Islamic guarantee scheme, based on the Kafalah contract, businesses must maintain Shariah-compliance throughout the guarantee tenure.

Features

  • Purpose of Financing: Working Capital and/or Capital Expenditure. 
  • Guarantee Amount: Up to a maximum financing amount of RM10,000.00.
  • Guarantee Period: Up to 5 years.
  • Guarantee Coverage: 80%.
  • Guarantee Fee: Covered by Bank Kerjasama Rakyat Malaysia Berhad.
  • Financing Profit Rate: 7.50% per annum (flat rate).

Contact Us

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In the event you are approached by a Third Party impersonating as an agent of CGC or purporting to be CGC's representative or have any information in relation to the same, please alert / contact us at:

Client Service Centre - https://www.cgc.com.my/client-service-centre/
CGC Branches - https://www.cgc.com.my/cgc-branches/