Bank Rakyat Offers SMEs Relief Financing At 3.75%

Iman Aminuddin

25th June 2026 - 3 min read

Bank Rakyat is offering financing of up to RM750,000 to small and medium enterprises affected by the West Asia conflict, at a capped rate of 3.75% per annum. The SME Stabilisation Relief Facility (SME SRF) is open for applications from 15 May 2026 until 31 December 2026, or until the allocation runs out.

No Collateral Needed To Apply

The relief comes as Term Financing-i, with a repayment period of up to five years. The 3.75% per annum rate already includes the guarantee fee, and no collateral is required to apply. Bank Rakyat aims to issue an Offer Letter within 14 working days of receiving a complete set of documents.

Eligibility Rules For Applicants

The facility is open to viable SMEs that have been materially affected by the conflict, meaning the disruption has caused real financial stress to the business. To qualify, you need to meet SME Corporation Malaysia’s definition of an SME and be registered with the Companies Commission of Malaysia, the relevant authorities or district offices in Sabah and Sarawak, or a statutory body for professional service providers.

Malaysians residing in Malaysia must hold at least 51% of the shareholding, and any stake held by public listed or government linked companies cannot go above 20%. The business activity and the purpose of the financing must be Shariah compliant. Private limited companies need positive shareholders’ equity, though sole proprietorships and partnerships are exempt from this, and applicants need satisfactory CTOS and CCRIS records.

Certified Documents And Bank Statements Required

Applicants should prepare certified copies of their company documents such as Form 24, Form 49, and the Memorandum and Articles of Association or Constitution where applicable. Private limited companies need their latest audited financial statements or management accounts certified by the company secretary, while sole proprietorships and partnerships need their latest financial statements certified by the owner. You will also need copies of your last six months of bank statements, along with any further documents Bank Rakyat may request.

Apply Online Or At A Business Banking Centre

Applications can be made through the QR2E portal, the Bank Rakyat website, or any Bank Rakyat Business Banking Centre. There are ten Business Banking Centres across the country, covering Kuala Lumpur, Selangor, the Melaka and Negeri Sembilan region, Pahang, Perak, Johor, the northern states, the east coast, Sabah, and Sarawak.

The SME SRF is a RM5 billion facility BNM announced earlier this year, delivered through participating banks and backed by guarantees of up to 80% from CGC for businesses without enough collateral. If your cash flow is tightening, BNM has been clear that the time to approach your bank is when difficulties first appear, rather than after reserves have run dry.

Iman Aminuddin

Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.

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