Bank Rakyat

Bank Rakyat Skim Pembiayaan Mikro-i MEF

Manage and expand your SME business with Bank Rakyat working capital financing. Enjoy low and flat profit rate, and flexible repayment tenure up to 5 years

    • Financing up to RM50k
    • Up to 5 years tenure
    • Unsecured Islamic Financing
  • Borrow: RM 
    How Long: years
    My monthly sales turnover: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

View product disclosure sheet.

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Profit rates

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

Financing ValueFinancing PeriodAnnual Sales TurnoverProfit Rate
RM1000 - RM50000 12 to 60 monthsUp to RM300000 8.25% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
As low as 8.25% p.a., depending on financing amount and period
Stamp Duty
Wakalah Fee
Late Payment Charge
1% from current outstanding amount


Are you eligible for this business financing?

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

Frequently Asked Questions about Bank Rakyat Skim Pembiayaan Mikro-i MEF

Things you might want to know

Tell me the features of Skim Pembiayaan Mikro-i MEF.

Skim Pembiayaan Mikro-i MEF (Micro Enterprise Fund) is a Shariah compliant business loan that follows the contract of Tawarruq and is offered to micro and small entrepreneurs for capital expenditure and working capital.

If you are a small business owner, you can borrow between RM1,000 to RM50,000 at flat profit rate of 8.25% p.a.. That's not all, you will also have the flexibility to repay your instalment as soon as 1 month, or stretch it up to 60 months.

It is also important to note that this capital financing facility is funded under Bank Negara Malaysia.

What can I finance via Skim Pembiayaan Mikro-i MEF?

You can use this capital financing to grow your small business, such as buying new equipment or machinery, managing daily expenses and upgrade new system, among other things. The best part of this capital financing is that you will be covered with a Takaful plan.

Who can apply for Skim Pembiayaan Mikro-i MEF?

This capital financing is catered specially to cooperative members and members of Hawkers and Petty Traders Association who run small enterprises in the retail wholesale, manufacturing, services and other industries approved by Bank Rakyat.

You are also required to meet these requirements:

  • Must be a Malaysian citizen
  • Aged between 18 years to 65 years old
  • Minimum 2-year business operation
  • Sole proprietor, partnership, private
  • Approved by Bank Negara Malaysia
  • Must join a Self Help Group (Kumpulan Bantu Diri)

Do I need a guarantor or collateral?

You don't need to standby a guarantor or pledge a collateral to apply for this capital financing. However, Bank Rakyat requires you to form a Self Help Group (Kumpulan Bantu Diri) comprising 5 to 10 people.

Are there fees and charges I should know?

This capital financing facility only charges you a Wakalah Fee of RM28.30 upon approval, and a late payment fee of 1% p.a. when you are behind with your instalment. There are no hidden fees and charges.

How can I pay back the instalment?

It is worth noting that you can choose to pay for your instalment on a weekly basis. This payment can be made via savings account / current account deduction or money transfer via ATM and cash deposit machine.

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