DEVELOPMENT FINANCE OVERVIEW

MIDF’s Development Finance Division provides medium and long-term conventional and Shari’ah-based financing for new projects as well as expansion, modernisation and relocation programmes primarily in the manufacturing, manufacturing-related services and services sectors in Malaysia.

The division, which focusses on small and medium enterprises (SMEs), extends fixed interest rate financing through factory mortgage as well as machinery and term loans, industrial hire purchase and leasing facilities for the acquisition of machinery and equipment, and also revolving credit and factoring facilities for working capital purpose.

MIDF is designated by the Government of Malaysia to process applications for financing under special soft loan schemes with fixed interest rates as low as 2% and 4% per annum, to disburse government-allocated funds from these schemes to approved applications, and to manage these funds.