New Entrepreneur Funds 2 (NEF2)

  • To promote the growth of small and medium-sized Bumiputera enterprises by ensuring that they have access to financing at reasonable cost
Financing type
Financing rate

4% to 6% per annum

Financing tenure

Up to 5 years

Financing amount (max)

RM5 million

Purpose of Financing
Working Capital
Eligibility criteria

Business enterprise as defined by the National SME Development Council:

  • Maximum shareholders’ funds not exceeding RM2.0 million
  • Shareholding by Public Listed Companies or Government- Linked Companies (if any) should not exceed 20%
  • Wholly-owned Bumiputera companies residing in Malaysia incorporated under the Companies Act 1965, the Cooperative Societies Act 1993, the Societies Act 1966, registered with the Companies Commission of Malaysia or any other Malaysian authoritative bodies
  • Not more than seven (7) years in operation. However, participating financial institutions may consider cases of SMEs who have been in operation for more than seven (7) years, provided that the average net profit is marginal over the last three (3) years (i.e. less than 5% net profit margin)
Application procedure

Applications should be made through any participating financial institutions. Approvals will be subjected to the normal credit approval procedures and security requirements of the individual participating financial institutions

For further information

SMEs can contact the customer service centres of the respective PFIs:

  • All commercial banks and Islamic banks
  • Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank)

Development Finance and Enterprise Department
Bank Negara Malaysia (BNM)
Jalan Dato’ Onn
50480 Kuala Lumpur
Tel: 1-300-88-5465
Email: [email protected]