TEKUN Nasional Financial Scheme Conditions

Published on: 22/02/2016
Updated on: 17/05/2017

TEKUN Loan Amount

Loan

Amount

Payment Period

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

Repayment Period

The loan repayment period is between 6 months to 10 years.

Repayment Methods

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/

TEKUN Management Fund Contributions

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.

Process Payments

Loan

Payment

> RM 10,000 – RM 20,000

RM 150

> RM 20,000 – RM 30,000

RM 200

> RM 30,000 – RM 40,000

RM 250

> RM 40,000 – RM 50,000

RM 300

> RM 50,000 – RM 100,000

RM 500

[/su_table]

Savings

Entrepreneurs are required to make savings of 5% of the loan value per annum. These savings should be made together with the loan repayments.

Insurance Protection

TEKUN entrepreneurs will be protected under the Loan Insurance and Life & Accident Insurance (borrower) set by TEKUN Nasional within the loan period.

Basic Eligibility Requirements of TEKUN Nasional Loan

Sorry, the content is currently being updated