Frequently Asked Questions (FAQ)


What are the available Government Guarantee Schemes (“GGS”) under SJPP?

There are six (6) GGS available namely:

  • Working Capital Guarantee Scheme (WCGS)
  • Working Capital Guarantee Scheme - Start Up (WCGS-SU)
  • Working Capital Guarantee Scheme - Bumiputera (WCGS-B)
  • Working Capital Guarantee Scheme - Export (WCGS-X)
  • Working Capital Guarantee Scheme - Women (WCGS-W)
  • Automation & Digital Guarantee Scheme (ADGS)
Bus and Taxi Hire Purchase Rehabilitation Scheme (BTHPRS) managed by Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP)
What is the objective of BTHPRS?

The Bus and Taxi Hire Purchase Rehabilitation Scheme (BTHPRS) is a special government guarantee scheme to assist eligible bus and taxi operators by providing a loan servicing moratorium of up to 12 months and an extended repayment period to mitigate the impact of the COVID-19 pandemic and MCO on their businesses.

On behalf of the Government, SJPP will provide a guarantee coverage to participating Financiers providing Hire Purchase, Credit Leasing and Services for 50% of the balance outstanding (excluding any penalty interest, late payment charges, other charges and guarantee fee advanced) of the restructured Hire Purchase Facilities by eligible Hirers.

Should the participating FI proceed with legal proceedings and/ or foreclosure proceedings before submitting Claims Notice to SJPP?

Yes. After the Notice of Termination has been issued on the financing facility to the borrower, the participating FIs must proceed with legal proceedings and/ or foreclosure proceedings. At the same time, the participating FIs may submit a Claim Notice to SJPP.

The FIs must continue to recover from borrowers after the Claims have been made. Any proceeds received after the Claims have been made will be shared with SJPP based on the percentage of guarantee cover.