Malaysian businesses can now access the new RHB SME relief facility, which provides working capital financing of up to RM750,000 under a Bank Negara Malaysia (BNM) initiative.
Eligible companies can secure the funding at a 3.75% annual rate, inclusive of guarantee fees.
The loans are backed by up to 80% guarantees from Credit Guarantee Corporation Malaysia (CGC) or Syarikat Jaminan Pembiayaan Perniagaan (SJPP), which lowers the collateral requirements for applicants.
RHB has created a fast-track application process for pre-selected customers to accelerate approvals.
Standard applications for the wider SME market will open on 15 May 2026.
The bank is also offering tailored loan modifications for companies facing cash flow constraints.
These include tenure extensions of up to five years, a six-month principal moratorium on term loans, and the conversion of trade financing into five-year term loans.
“We have re-engineered our credit evaluation process to prioritise speed and flexibility,”
said Dato’ Mohd Rashid Mohamad, Group Managing Director and Group Chief Executive Officer of RHB Banking Group.
“Our focus is on ensuring timely support while continuing to partner SMEs as they stabilise, adapt and grow.”
Beyond credit relief, the bank is rolling out transaction banking tools like the RHB Reflex platform and DuitNow QR Soundbox to help early-stage businesses manage payments.
Mature enterprises will have access to foreign currency hedging and advisory services to manage international exposure.
Featured image credit: Edited by Fintech News Malaysia, based on image by Trend2023 via Magnific
