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BANK RAKYAT MICRO ENTERPRISE FUND (MEF) TARGET CUSTOMER FEATURES MALAYSIAN. MUST BE FULL-TIME THE APPLICANT MUST BE A MEMBER FINANCING PURPOSE :WORKING OF COOPERATIVES AND HAWKERS AND MICRO ENTERPRISES PETTY TRADERS ASSOCIATION. CAPITAL / CAPITAL EXPENDITURE MEMBERS OF HAVE A COMPANY'S CURRENT FINANCING LICENCE, PERMIT, OR REGISTRATION. COOPERATIVES MANUFACTURING SERVICES ARE BANK NEGARA MALAYSIA'S SELF-EMPLOYED APPROVAL NEEDED. ELIGIBLE FOR AN ECONOMIC INDIVIDUAL AT LEAST TWO YEARS OF BUSINESS SECTOR, OTHER MAJOR INDUSTRIES EXPERIENCE IS MANDATORY. INCLUDE AGRICULTURE, FOR SOLE PROPRIETOR, PARTNERSHIP, PRIVATE LIMITED CONSTRUCTION, MINING, AND COMPANY. FEES & CHARGES EXCAVATION. APPLICANT MUST BE18 YEARS OLD CHARGE AND SERVICE FOR INDIVIDUALS AND NOT EXCEEDING 65 YEARS OLD TRANSACTION CHARGE FINANCING CAPACITY FROM RM1,000 WHEN THE FINANCING TENURE LATE PAYMENT CHARGES (TA'WIDH): 1% PER YEAR ON EXPIRES. TOP OF THE OUTSTANDING PAYMENT DURING THE TO A MAXIMUM OF RM50,000. FINANCING PERIOD SELF HELP GROUP MEMBERS WITH A WHEN THE FINANCING TERM EXPIRES THIS FINANCING FOLLOW SHARIAH PAST RECORD OF PROMPT AND ON THE OUTSTANDING BALANCE, NO MORE THAN THE EFFECTIVE REPAYMENT (BACKLOG CURRENT DAILY OVERNIGHT ISLAMIC INTERBANK CONCEPT: TAWARRUQ PAYMENT NOT MORE THAN 4 WEEKS). MONEY MARKET RATE SHALL BE CHARGED. WAKALAH OR AGENCY FEE OF RM28.30 PROFIT RATE WILL BE 8.25% FLAT THE BUSINESS PREMISE SHOULD BE STAMP DUTY FEE WAIVED IN THE PLACE OF RESIDENCE AND THE EARLY SETTLEMENT FEE REBATE (IBRA’) WILL BE RATE PER ANNUM PARTICIPANT SHOULD BE A SELF-HELP GIVEN ON THE DEFERRED PROFIT GROUP MEMBER. FINANCING TENURE OF TO 5 YEARS. COLLATERAL AND GUARANTOR NOT REQUIRED.

REQUIREMENT BENEFIT To apply, you must first ensure that CONTACT US you meet the program's eligibility requirements. You will need the Provide easy access to following documents for this. financing, this means you will get loans easily and FOR MORE INFORMATION ON THE the bank will provide you 1. Copy of MyKad PRODUCT, CUSTOMER MAY insurance for the loan CONTACT BANK RAKYAT funds. 2. Business registration CONTACT CENTRE AT 1-300-80- Simple financing procedures 5454 OR VISIT OUR WEBSITE AT allowing for fast certificate and licenses. HTTP://WWW.BANKRAKYAT.COM disbursement .MY Incentives to encourage 3. Letters of recommendation good repayment practices OR VISIT OUR NEAREST Takaful / Insurance from members of panel BRANCHES BY ADHERING TO protection provided by Bank THE SOP THAT ISSUED BY Training and guidance for cooperatives and self-help MAJLIS KESELAMATAN NEGARA borrower development is (MKN) provided groups. 4.Bank statements and other certificates that prove your income stability. “FINANCING YOUR MICRO ENTERPRISE FUND MADE AS EASY AS SENDING A TEXT MESSAGE”