Simplifying The Business Financing Process With ScoreXcess
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With more people switching to e-wallets, businesses adopting digital technology for their day-to-day operations, and Malaysia being one of the top booming start-up hubs in the world – Malaysia has definitely made some big strides into becoming a digital economy. 

To further support the nation’s objective, there have been many initiatives by institutions, businesses, and banks, such as ScoreXcess, a digital loan application platform by SME Bank. 

What is ScoreXcess?

ScoreXcess is a one-stop business financing application platform that conveniently processes microfinancing pre-approvals before submitting them to participating financial institutions. 

ScoreXcess, along with its internal credit scoring system to measure a business’s creditworthiness, also involves the use of Artificial Intelligence (AI) and Machine Learning (ML) to pre-screen applications to speed up the loan application process. 

What Are The Benefits For Business Owners?

For businesses such as start-ups and SMEs who find it difficult in choosing which financial institutions to go to for financing, ScoreXcess ensures businesses can get the financing they need by directing them to the right financing agencies. 

To simplify the loan application process even further, businesses would only need to fill out their company details once to be matched with suitable financing institutions. This then eliminates the need for business owners to search and apply for different financing options one by one, which allows them to have more time to focus on other tasks and duties.

Moreover, businesses will also be able to monitor the status of their loan applications through the ScoreXcess portal and mobile app from anywhere, anytime. 

Financing Amount, Tenure & Profit Rate


Whether it’s to expand your business, purchase the latest technology for better productivity, or gather enough capital to launch a new product or service, getting the right financing amount you need can be a hassle, but with ScoreXcess you can apply to get financing amounts from RM50,000 to RM1,000,000. 

Depending on the financing amount needed and the financial institution chosen, a minimum tenure starts from 1 year to a maximum tenure of 10 years with profit rates of 4% p.a. 

How To Apply?

To be eligible, business owners must be between the ages of 18 to 60 years and are required to have a regular income, a bank account, and an available profit & loss and balance sheet. 

To apply, businesses can head to the ScoreXcess website to fill out a form that includes business-related information. Documents needed to go along with the application include bank statements for the last 7 months, financial statements for 2 years, and supporting utility bills if any.

Check out how ScoreXcess Application Process works:


If you’re an entrepreneur who’s looking for convenient, fast, and reliable financing, then ScoreXcess could help you in attaining the financing you need. By providing a platform that simplifies the loan application process, business owners like yourself can focus on improving business processes and innovating your current products and services, instead of hassling on where and which financing option to go for. For more information on how ScoreXcess works, head to their website here

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