BSN

BSN Micro TemaNiaga

A flexible small business loan with insurance coverage catering to micro and small entrepreneurs looking to expand businesses

    • Financing up to RMk
    • Up to 5 years tenure
    • Secured Loan
    • 6 days approval
  • Borrow: RM 
    How Long: years
    My monthly sales turnover: RM  

    Monthly repayment: RM-

    Interest rate p.a.: -%

View product disclosure sheet.

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Interest rates

How much the bank charges you based on your loan amount & loan period

You BorrowLoan PeriodAnnual Sales TurnoverInterest Rate
RM5000 - RM5000012 to 60 monthsRM300000 to 150000006.38% p.a.

Fees & Charges

There are always fees but how much are they?

Interest Rate / APR
As low as 6.38% p.a., depending on loan amount and period
Processing Fee
None
Stamp Duty
RM10
Late Penalty Fee
1% from current outstanding amount

Requirements

Are you eligible for this business loan?

Minimum annual sales turnover
RM300000
Maximum annual sales turnover
RM15000000
Minimum company age
2 years
Who can Apply
  • Malaysian Registered Companies
  • Micro Enterprise

Frequently Asked Questions about BSN Micro TemaNiaga

Things you might want to know

What does BSN Micro TemaNiaga do?

Micro TemaNiaga is a conventional business micro financing plan offered to small business owners who want to expand and enhance their businesses. It’s a flexible loan you can take with financing amounts between RM5,000 and RM50,000.

You get to choose a flexible loan period between 1 and 5 years and the loan can be used to finance any small businesses in the Manufacturing, Services, Retail or Wholesale business sectors.

The interest rate for your loan repayment is based on your loan amount and the tenure you choose. As it is the rate decreases the longer your financing term, with the lowest rate being 6.38%.

Am I eligible for BSN Micro TemaNiaga?

This business loan is available to small or micro business owners between the age of 21 and 60 years old.You will also need to meet the following requirements, if you’d like to take up this loan.

Self-employed individual / micro enterprise.

  • Owns a valid business registration and / or business license.
  • Business / company must be in operation for at least 2 years on full-time basis.
  • Without guarantor or with guarantor earning RM2,000 per month.
  • Guarantors comprise business partners / shareholders / directors (if applicable)

Do I need an insurance coverage for BSN Micro TemaNiaga?

Besides a financing plan for your business, you also get an insurance coverage on your loan amount, managed by the bank with Reducing Term Assurance (RTA). This coverage will be based on your financing amount.

Do I need a guarantor or collateral?

Yes, you are required to provide a collateral in terms of 2-months security deposit after your business loan is approved by BSN. The bank may also request you to provide a guarantor, whose fixed income need to be at least RM2,000 every month, if necessary.

How do I make payments, and can I finish the loan early?

You can make your premium payments, via auto debit, bank transfer, via and online banking facilities. If you wanted to settle your loan early, you may submit a written notice to BSN and get the total remaining amount for early settlement.

Keep in mind that early settlements must be done in full.

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