Scheme Name

BNM PENJANA Tourism Financing (PTF)

Eligibility

• Malaysian SMEs in the core tourism and tourism-related sectors which are either:

i) SMEs as defined by SME Corp Malaysia; OR

ii) Licensed by/registered with MOTAC

• The eligible sectors are as follows: 

Core Tourism sectors:

• Tourism accommodation premises (such as budget hotels, registered homestays, chalets and resorts)
• Travel agencies and tour operators
• Transportation for tourist (such as bus, boat, car rental operators)

Tourism related sectors:

• Medical tourism
• MICE (Meetings, Incentives, Conferences, Exhibitions) ecosystem
• Money services businesses – applicable to money changing operators who mainly serve inbound and outbound tourists
• Tourism related retail, recreation and wellness which can justify significant reliance on tourist
• Capacity building institutions which are primarily set up to provide tourism related courses / training, and licensed by or registered with MOTAC (e.g. Institut Latihan Pelancongan)

*Based on the definition of SME as per SME Corp Malaysia www.smecorp.gov.my

Note: Special Relief Facility (SRF) and / or PENJANA SME Financing (PSF) recipients are eligible for the PTF

Purpose of Financing

• Working capital; and/or
• Capital expenditure; and/or
• Refinancing of up to 50% of total financing approved

Note: 50% of financing approved can be used to refinance existing business financing from financial institutions and other sources including credit/leasing companies (existing business financing excludes financing obtained under BNM’s Fund for SMEs)

Financing Rate

Up to 3.50% p.a. (inclusive of guarantee fee, if any)

Financing Limit

• Up to RM500,000 per SME
• Up to RM 75,000 per Micro Enterprise

Note: The financing limit is inclusive of financing to related SMEs with common shareholder(s) of ≥ 20% shareholding. The final approved financing limit is subject to BNM approval, credit assessments by the Bank and CGC / SJPP guarantee.

Financing Tenure

• Up to 7 years, with at least 6 months moratorium on monthly instalments
• In addition to the existing 6 months repayment deferment, the facility will also provide SMEs with the option of making interest/profit-only payments for an additional period of 12 months

Guarantee Coverage*

• Up to 80% guarantee coverage for SME
• Up to 90% guarantee coverage for Micro Enterprise 

*Guarantee coverage can be obtained from Syarikat Jaminan Pembiayaan Perniagaan (SJPP).