TEKUN Nasional Financial Scheme Conditions
Published on: 22/02/2016
Updated on: 17/05/2017
|Small Loan Scheme ( SPK )|
>RM 10,000 – RM50,000
|Up to 5 years|
|Medium Loan Scheme ( SPS )|
>RM 50,000 – RM100,000
|Up to 10 years|
The loan repayment period is between 6 months to 10 years.
It is COMPULSORY for borrowers to make loan repayments at Regional TEKUN Offices or through BSN, Maybank, Bank Rakyat, Agrobank and Pos Malaysia or via post-dated cheques. For more details please visit http://www.tekun.gov.my/en/kaedah-bayaran-balik-2/
Entrepreneurs are required to pay the TEKUN Management Fund Contribution a total of 4% of the loan value per annum throughout the loan period. Payment of this contribution shall be made together with loan repayments.
> RM 10,000 – RM 20,000
> RM 20,000 – RM 30,000
> RM 30,000 – RM 40,000
> RM 40,000 – RM 50,000
> RM 50,000 – RM 100,000
Entrepreneurs are required to make savings of 5% of the loan value per annum. These savings should be made together with the loan repayments.
TEKUN entrepreneurs will be protected under the Loan Insurance and Life & Accident Insurance (borrower) set by TEKUN Nasional within the loan period.
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