Penjana Tourism Facility/-i (PTF)/(PTF-i)

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Penjana Tourism Facility/-i
(PTF)/(PTF-i)

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Objectives

Part of the Short-Term Economic Recovery Plan (PENJANA) intended to support small and medium enterprises (SMEs) in the tourism and tourism-related sectors by preserving their capacity and assisting them in adapting to the new normal.
SMEs in these sectors will be able to utilise the PTF/PTF-i to undertake necessary investments, enhance business models and deploy new practices including digitalisation in order to remain viable and competitive in the post COVID-19 environment.

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 (excludes financing obtained under BNM’s Fund for SMEs)

Financing Rate

Up to 3.50% per annum, inclusive of guarantee fee

Allocation

RM600 million

Guarantee Coverage

80% guarantee coverage from Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

Types of Financing

Term Loan/Term Financing

Financing Limit

Up to RM500,000 per eligible SME

Maximum Financing Tenure

Up to 7 years, inclusive of 6 months repayment/payment deferment (moratorium)

Availability Period

The availability period is until full utilisation of the fund

Terms and conditions apply

• Malaysian owned and controlled SMEs
• Registered in Malaysia or registered/licensed and defined by Ministry of Tourism, Arts and Culture (MOTAC)
• Confined to the Halal business / requirement (For Islamic Facilities)

Important Information

• Product Disclosure Sheet (Conventional)
• Product Disclosure Sheet (Islamic)

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Penjana Tourism Facility/-i(PTF)/(PTF-i)

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Penjana Tourism Facility/-i
(PTF)/(PTF-i)