DISASTER RELIEF FACILITY-i (DRF)To alleviate the financial burden of Micro and Small and Medium Enterprises (MSMEs) affected by floodsFeatures
- Financing Purpose: Repairs and/or replacement of assets for business use which have been damaged by the flood and Working Capital
- Financing Amount: Up to RM100,000
- Financing Tenure: Up to 7 years including a moratorium period of 6 months on monthly instalment
APPLY NOWShariah Concept Tawarruq (Commodity Murabahah) consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.
DISASTER RELIEF FACILITY-i (DRF)To alleviate the financial burden of Micro and Small and Medium Enterprises (MSMEs) affected by floodsFeatures
- Financing Purpose: Repairs and/or replacement of assets for business use which have been damaged by the flood and Working Capital
- Financing Amount: Up to RM100,000
- Financing Tenure: Up to 7 years including a moratorium period of 6 months on monthly instalment
APPLY NOWShariah Concept Tawarruq (Commodity Murabahah) consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.
BSN Micro-i DRF is a micro financing facility offered to the Micro, Small, Medium Enterprises (MSMEs) affected by the flood and located in districts identified by Agensi Pengurusan Bencana Negara as flood disaster areas.
ELIGIBILITY
- Micro enterprises (Sole Proprietorship / Partnership / Private Limited Company).
Malaysian owned business.
- Self-employed including professionals (Accountant, Doctor, Lawyer).
- Registered with Suruhanjaya Syarikat Malaysia (SSM) / Local Authority (LA) / Professional Body / Agency (for professionals only).
- Business has been in operation for at least 6 months.
FIXED RATE
- 3.50% p.a.
Required Documents
| A valid Business Registration certificate with SSM / Business License with Local Authority (LA) / Professional body registration and certificate of practice (for professionals only). |
| A copy of NRIC of Proprietor / Partners / all Directors / Shareholders / Guarantors (if any). |
Confirmation letter from the District Officer / JKKK / Police Report in regards to the affected business premises. |
A copy of electricity bill of the affected business premises. |
Latest 6 months Bank Account Statement. |
Any supporting documents as required by the Bank. |
LATE PAYMENT CHARGES (LPC)Â
Late Payment Charges will be charged based on Ta’widh (Compensation).
| During financing Period | Late Payment Charges (LPC) not exceeding 1% per annum will be imposed on the overdue monthly instalment payment in the event you fail to pay any monthly instalment within the stipulated period from the first disbursement of the financing until its maturity date. |
| After the completion of financing period | Prevailing daily overnight Islamic Interbank Money Market (IIMM) rate will be charged for failure to pay the total outstanding balance after maturity or upon judgment obtained, whichever earlier. |
HOW DO I APPLY?
- Application submission available online. APPLY NOW.
- User guide for online application.
- Contact our Credit Supervisory Team for further information.
NOTES:
- Islamic Interbank Money Market (IIMM) is subject to change from time to time.
- View Ibra’ Payment Illustrative Schedule.
- View Product Disclosure Sheet.
- View Frequently Asked Questions (FAQ).
- Terms & Conditions apply.
Visit our branch
Visit our nearest Business Financing Centre for more information
 OR download our Application Form HERE.
