1. Express Contract Financing Scheme  (SPiKE)

• SPiKE  is open to contractors in the following areas:
• Building Contractors Grade G1, G2, G3, G4 and G5
• Supply Contractors
• Service Contractors
• Electrical Contractors

Approval and withdrawals take  THREE (3) days from the date a  completed application is received.

Applicant Eligibility: -

• A Bumiputera aged 18 years and above
• Experienced / knowledgable in the intended field of business
• Engaged in business on a full-time basis
• Registered with the PKK, CIDB and the Ministry of Finance (whichever is relevant)

Funding Limit:

RM1,000,000.00

Project Awarding Body:

• Government  agency  and GLC
• Government-Linked Company (GLC) and Public Listed Company

Collateral  / Guarantee :

Financing amount of RM250,000.00  and below: Exempted

Financing amount between RM250,001.00  and  RM1,000,000.00 :-

• Guarantee: Monthly fixed income must be no less than 3% of total financing amount
• Land Collateral : The Forced Sale Value of Land  must be at least 10% of total  financing amount 

Profit Rate

• 6% per annum