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New Entrepreneur Fund (NEF)

New Entrepreneur Fund (NEF)

Stimulating growth of Bumiputera-owned SMEs and entrepreneurs. Maximum loan amount: RM5 million

  • Repayment period:

    Maximum 8 years from the date of first drawdown

  • Interest rate:

    5.0% p.a. (subject to change by Bank Negara Malaysia)

Facility Type


  • Wholly-owned Bumiputera enterprises/companies/institutions registered under the Companies Act 1965, the Co-operative Societies Act 1993 or the Societies Act 1966.
  • Bumiputera entrepreneurs registered under the Companies Commission of Malaysia or any other authoritative bodies.
  • Bumiputeras residing in Malaysia registered under the Registrar of Business organisations controlled small & medium sized enterprises in all sectors.
  • Small & medium sized Bumiputera enterprises participating under the vendor development programmes of the Ministry of Entrepreneur Development or Ministry of Finance with at least 70% Bumiputera equity and management control.
  • Shareholders' funds not exceeding RM10 million.
  • Operating in the following sector(s):
    • manufacturing
    • agriculture
    • services
    • commerce/trading
    • tourism
    • construction
    • engineering
    • transportation
    • furniture
    • printing
    • film
    • quarrying

 

Not valid for:

  • Financing/refinancing acquisition of shares, land and existing assets.
  • Refinancing existing productive capacity.

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