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SOFT LOAN FOR AUTOMATION AND MODERNISATION (SLSAM)

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3. Eligible Expenses:

  • Automation*
    Financing for
    • Purchase of new or reconditioned** automation related machinery and equipment;
    • Costs related to the installation, commissioning and related training as well as maintenance of the machinery; and
    • Purchase of software and computer peripherals related to the development of the automation system.
    * The above activities must result in a reduced number of foreign workers employed.
    **For reconditioned machinery and equipment, the age must not be more than 5 years.


4. Minimum Loan Amount: RM100,000

5. Maximum Loan Amount: RM5.0 million.

6. Margin of Financing:

  • Up to 85% for new machinery and equipment.
  • Up to 60% for reconditioned machinery and equipment.
  • Up to 70% for services engaged by the company for the purpose of M&A. Payment will be made upon defrayment of 30 percent of its services cost.


7. Repayment Period: 5 to 7 years including grade period of up to 1 year.

8. Interest rate: 4% on yearly rest.

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