Technology Entrepreneur Financing Scheme (SPiM Tekno)

Objectives

To provide business financing facilities specifically for entrepreneurs in the field of technology and under the Techno Entrepreneur Development Programme

Terms and Conditions

Basic terms

Malaysian citizen and Bumiputera
Aged between 18-60 years
Have gained enough experience / knowledge in the ventured business
Have a valid business registration (SSM)
Operate in a business premise
Have a license / permit / letter of authorization from the local authority (PBT)
Operate a full-time business
Have been operating the business for at least six (6) months
Engaged in a syariah compliance business
Not a MARA blacklisted individual
Pass the psychometric test (with a score of 55% and above)
Able to contribute own capital of not less than 10% of the project cost

Scope of Financing

Financing Limit

Financing Period

Guarantee / Collateral

Guarantee
One or more guarantors with a monthly fixed income of not less than 3% of the total financing applied.

Or

Collateral
Land collateral with Forced Sale Value of at least 10% of the financing applied

Or

Or

Fixed Deposits
Islamic fixed deposit (General Investment Account) based on 10% of the financing value

Financing to private limited (Sdn. Bhd.) company requires guarantee/ assurance of all the Board Members

Profit Rate