Malaysia Kitchen Financing Facility (MKFF)
Purpose
To finance the setting up or expansion of Malaysian restaurant overseas.
Eligibility
- Malaysia-owned and/or controlled companies with minimum shareholding of 51% incorporated in Malaysia
- Related working experience of either one (1) year in managing overseas restaurant or three (3) years managing restaurant locally. However, if the applicant applies through Malaysia-owned franchise, the requirement is waived
Margin of Financing
Up to 90% of Project Cost, inclusive of three (3) months Working Capital.
Tenure
Up to five (5) years from the date of first disbursement which consist of:
- 3 months payment holiday
- Followed by 6 months of profit servicing
Interest Rate
At 3.0% per annum on monthly rest.
Source: Export-Import Bank of Malaysia Berhad’s Website