Objective
To provide financial assistance as well as encouraging bumiputeras to venture into the franchising business; including those from the public sector, private sector, and early retirees or even those who have taken the Voluntary Severance Scheme (VSS).
Eligibility Criteria for Financing Application
- Applicants must be individual owner-operators, aged 21 years and above;
- The applicant must have a good credit record, subject to Pernas’ credit assessment criteria;
- Selected franchise business must be registered with the Registrar of Franchise (ROF);
- The business must be 100% Bumiputera-owned and Shariah-compliant;
- Applicants must have obtained a Letter of Offer or Franchise Agreement from the franchisor or master franchisee;
- Sdn. Bhd. entity is eligible to apply for financing exceeding RM250,000; and
- Sole Proprietorships and Limited Liability Partnerships are eligible for financing up to RM250,000 only.
Financing Structure
This scheme provides financial assistance to franchisees looking to grow their business in Malaysia. For master franchisees, the right to hold the franchise must first be obtained from the franchisor.
Financing Mode
Islamic Financing Scheme (Tawarruq Concept)
Financing Margin
Up to 70% of total project cost
Financing Size
Up to RM2 million
Profit Rate
up to 8.5% p.a (reducing balance)
up to 8.5% p.a (reducing balance)
Security
Subject to a minimum security requirement of 10% based on the approved financing amount
Financing Tenure
5-7 years subject to the franchise agreement tenure.
Notes
- Processing Fee: 0.5% of approved limit
- Legal Fee and Stamp Duty: 3.0% of approved limit (subject to variation and amendment)
- Training Fee: RM300
- Wakalah Fee: RM50 for every RM1million financing limit
- Takaful Protection: General and credit
- Not Inclusive 8% SST
- Subject to terms and conditions
Apply Now
Applications can be made by clicking the link below: