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  • Tabung Khas Pelancongan

Tabung Khas Pelancongan

INTRODUCTION
To support the development of the tourism industry, Ministry of Tourism and Culture Malaysia offers mortgage assistance through Special Tourism Fund.

The purpose of the Fund is to assist small medium entrepreneurs who want to develop or expand tourism products.

PURPOSE OF FINANCING
To help entrepreneurs to expand tourism products/services.
Acquisition of tourism business/assets, which include redemption.

AVAILABILITY OF THE FUND
The fund will be made available up 22 Oct. 2029

LENDING RATE
From BFR + 0% p.a up to BFR + 2.5% p.a.

CHANGING OF PROFIT RATE
The bank may change the rate from time to time

TENURE OF LOAN
Maximum of 13 years (not exceeding 22 Oct. 2029)

REPAYMENT TERMS
  • The period for payment will be determined based on the project cash flow, the economic life of the assets financed and/or terms of repayment as stipulated by the Fund provider
  • Grace period may be given and is determined based on the gestation period and the cash flow of the project

MINIMUM LOAN AMOUNT
RM250,000

MAXIMUM LOAN AMOUNT
RM30.00 million per project or 90 % of the project cost (excluding the cost of land), whichever is lower

TYPE OF FINANCING
Syariah based financing

TYPE OF FACILITIES
  • Working capital/revolving capital financing
  • Fixed asset financing
  • Guarantee

ELIGIBLE APPLICANT
  • Existing business operation for more than 2 years are eligible
  • Malaysian owned companies registered under Companies Commision of Malaysia Act 2002 or Co-operative Act 1993 (minimum 51% owned by Malaysian) and categorised as 'SMEs'
  • Have shareholders fund not more than RM10 Million
  • Any other conditions imposed by the Bank and Ministry of Tourism & Culture (MOTAC). (i.e. endorsement from MOTAC)

ELIGIBLE PROJECT
Projects must be located in Malaysia and any tourism projects that contribute to the development of the tourism industry are eligible. Priority shall be given to the following types of projects:-
  1. All projects classified as tourism related activities including manufacturing of products related to tourism.
  2. Projects must be registered with MOTAC as tourism project (where applicable), or endorsed as a tourism projects by Jawatankuasa Pinjaman Tabung Pelancongan (JKPTP), MOTAC.
  3. Tourism projects that are being promoted by the government including (but not limited to) recreational, sports, health, education etc.
  4. Building new or adding, widens and renovate tourism and historical properties (such as hotels, motels, chalet, lodge and rest house)
  5. Provide transport services related to tourism such as coach, self driven, car rental, ferry, boat hydrofoil etc;
  6. Tourism resorts and places (includes renovation and landscape work) i.e. theme park/ recreation park such floral garden, safari park and tourism intergrated complexes;
  7. Provide facilities related to tourism such as restaurant which provides cultural show, souvenirs and hand-craft centers, free-duty shop, recreation equipments at tourism area such as bicycle, marine equipments and others (except golf equipment) purchasing of equipments for the culture group, gallery and museum and Malaysian cultures;
  8. Working capital for the tourism activities; and
  9. Other related tourism project which is determined by Government.

ADDITIONAL TERMS AND CONDITION
The recipients of financing under SFT that require specific intervention will be eligible for a training program conducted by the Bank. The arrangement of the training will be notified from time to time.

SECURITY ACCEPTABLE TO THE BANK (BUT NOT LIMITED TO THE FOLLOWINGS)
  • Bank Guarantee;
  • Joint and several guarantee of Directors/shareholders (in their personal capacity)
  • Debentures;
  • First fixed legal charge;
  • Third party charge (if required);
  • Corporate Guarantee
  • Assignment of rights of projects, insurance, assignment of revenue/proceeds etc.

BASIC INFORMATION REQUIRED TO APPLY SPECIAL TOURISM FUND

Company Profile shall include:
  1. Form 9 or Business Registration Form
  2. Form 24 (Shareholder)
  3. Form 49 (Board of Director)
  4. Memorandum and Articles of Association
  5. Profile of Board of Directors, shareholders and key management personnel
  6. Last three (3) years audited financial report

Project Proposal shall include:
  1. Detailed project costs and proposed sources of financing
  2. Feasibility study of the project prepared by an independent consultant

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