
CREDIT GUARANTEE CORPORATION MALAYSIA BERHAD 12441 M Form


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People also ask
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How to pay online for CGC Malaysia?
Starting 13 March 2023, CGC applicants could make online payment for CGC either through e-Konsular website, or the e-Konsular mobile application before physically collecting the CGC from Consular Division, Ministry of Foreign Affairs.
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Who owns CGC Malaysia?
Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. It is 78.65% owned by Bank Negara Malaysia and 21.35% by the commercial banks in Malaysia.
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What does CGC Malaysia do?
Guarantee Schemes The New Principal Guarantee Scheme (NPGS) is the main guarantee scheme of CGC. Under this scheme, CGC provides guarantee cover for loans ranging from RM50,000 to RM10 million to small-scale enterprises (SSEs) and SMEs.
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What is the role of credit Guarantee Corporation?
Essentially, CGC formulates and administer various guarantee schemes meant for specific target groups. The schemes can be obtained from 2,600 branches of the financial institutions operating in the country. Computer literate customer can have direct access to CGC via its SMI One Stop Loan Centre.
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What is the function of credit guarantee corporation?
The CGC guarantee provides the necessary comfort to the lending institutions, which enables you to obtain financing ing to the viability of your business and maximises the value of the collateral offered, if any.
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What is a CGC loan?
Guarantee coverage schemes to support viable SMEs for partially secured or collateral-free financing.
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Who owns credit Guarantee Corporation?
It is 78.65% owned by Bank Negara Malaysia and 21.35% by the commercial banks in Malaysia.
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