Contract Financing

Introduction
  • Contract Financing Scheme is a financing package based on product bundling concept of financing facilities which are already available in the Bank
  • The Scheme offers financing to customers who are Main Contractors or Nominated Sub-Contractors having secured contract(s) from approved awarding parties mainly government ministries, department and agencies
Objectives
  • Providing financing facilities to fund the implementation of contract(s) until full completion.
  • The funding mechanism works by assigning the contract payments to the awarded parties direct from the Bank.
  • Financing is offered on a pre-implementation or post-completion basis, or a combination of both.
Financing type
Loan
Financing amount (max)
  • Up to 100% of contract value
Purpose of Financing
Contract Financing
Eligibility criteria
  • Applicant must be the Main Contractor or Nominated Sub-Contractor
  • Applicant must be registered with either of the following
    • Ministry of Finance (MOF)
    • Contractor Service Centre (PKK)
    • Construction Industry Development Board (CIDB)
    • Other relevant licensing or registration bodies
Application procedure
  • Applicants can submit complete financing application directly to SME Bank through their branch networks nationwide. For further enquiries & free consultation or details on Contract Financing programme, please contact the Bank’s Customer Service Centre at 03 2603 7700 or visit www.smebank.com.my