Alliance Bank Malaysia Berhad > Promotions > Government COVID-19 Special Relief Facility

Government COVID-19 Special Relief Facility

You can count on us during good times and bad times.

Alliance Bank has made available special financing facility to assist small and medium enterprises (SMEs) impacted by the COVID-19 outbreak.

Availability from 6 March 2020 to 31 December 2020

FEATURES
DETAILS
Scheme Availability
From 6 March 2020 to 31 Dec 2020
Eligibility Criteria
Malaysian SMEs adversely affected by COVID-19
Purpose of Financing
Working Capital

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

Financing Rate
Up to 3.50% p.a.
Collateral
Not required
Guarantee Coverage
Credit Guarantee Corporation/Syarikat Jaminan Perbiayaan Perniagaan shall provide 80% guarantee cover on the principal amount.
Guarantee Fee
No guarantee fee will be charged to borrower
Type of Financing
Term loan only
Size of Financing
  • The maximum financing amount will be RM1million per SME, inclusive of financing to related companies that have common shareholder(s)
  • Related SMEs with common shareholder(s) are allowed to have separate limits on the maximum amount of financing under BNM’s Fund for SMEs, subject to each SME having separate workforces
Maximum Financing Tenure
Up to 5.5 years from the date of first drawdown, including a moratorium period of 6 months on both principal and interest payments and non-classification of the financing as impaired during the moratorium
Government COVID-19 Special Relief Facility
CLICK HERE TO APPLY
 

Terms & Conditions apply.

Terms & Conditions
  • The funding is subject to Bank Negara Malaysia’s approval and availability of the Scheme funds. In the event that the Scheme funds are not approved or not available, the Bank reserves the right to revise the terms and conditions including the financing rate.
  • The above offer is subject to the Credit Guarantee Corporation ("CGC") or Syarikat Jaminan Perbiayaan Perniagaan ("SJPP") giving its confirmation of guarantee cover. In the event that the guarantee cover is not obtained or cancelled for any reason(s) whatsoever, the offer is deemed null and void.
  • In the event that the guarantee cover is approved on a reduced guarantee cover basis, the Bank shall review and restructure your application under revised terms and conditions including but not limited to the amounts and tenor, the security/ support and also the interest rates and commissions on a mutually agreeable basis.
  • The Bank reserves the right to vary and/or impose any terms and conditions as and when required under the Schemes.
  • The Bank reserves the right to recall the facility if it is not used for the intended purpose.

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