MIDF/MBSB Women (Independent) Entrepreneurs (M-WiSE)

MIDF M-WiSE, in support of MBSB Bank, is a financial solution that helps grow your woman-owned SME business to further heights with financing of up to RM1 million, up to 100% margin of financing and up to 10 years of tenure.

Tenure: Up to 10 years
Interest Rate: from 3% p.a.
Loan type: Secured loan
Interest Type: Flat interest rate

Interest rates

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

You borrow	Loan period	Annual Sales Turnover	Interest Rate
RM50,000 - RM1,000,000	36 to 120 months	min. RM200,000	3% p.a.

Fees & Charges

Interest Rate / APR: As low as 3% p.a. depending on loan amount and period
Stamp Duty: RM5 for every RM1,000 of approved financing amount, and RM10 per additional agreement document
Processing Fee: 0.25% of the approved financing amount or maximum RM10,000 (upfront payment upon acceptance)

Requirements

Minimum Annual sales turnover

RM200,000

Minimum Company Age

2 years

Malaysian Ownership

51% equity at the least, held by a Malaysian woman/women or a CEO/MD who is a Malaysian woman who owns at least 10% equity

Who can apply

SME,Registered with SSM,Manufacturing, Manufacturing Related Services (MRS) & Services sectors

More Information

What can I get from MIDF/MBSB Women SME Entrepreneurs (M-WiSE)?

This business financing known as M-WiSE offers you borrowing amounts between RM50,000 to RM1,000,000 at a profit rate of 3% per annum (monthly rest) for up to 10 years worth of tenure and up to 100% margin of financing.

What can I finance with M-WiSE?

Small women-owned business entrepreneurs from sectors particularly Manufacturing, Manufacturing Related Services (MRS), and Services can avail themselves of this business loan for working capital purposes as well as machinery and equipment purchasing.

Who can apply for MIDF/MBSB Women SME Entrepreneurs financing?

First of all, your business must be registered with SSM and have been operating for at least 2 years. Your company must also have at least 51% equity held by a Malaysian woman/ women or a CEO/ MD who is a Malaysian woman who owns at least 10% equity.

Funding Societies SME Micro Financing/-i
Profit Rate
from 9.6% p.a.
Annual Turnover
min. RM60k
Alliance Bank Digital SME Loan
Interest Rate
from 5.9% p.a.
Annual Turnover
RM50k - RM30m
UOB BizMoney
Interest Rate
from 5% p.a.
Annual Turnover
min. RM1m
Avex Credit
Interest Rate
from 12% p.a.
Annual Turnover
min. RM100k
RHB SME Online Financing
Interest Rate
from 8.45% p.a.
Annual Turnover
RM500k - RM25m
Boost Bank SME Financing - Term Loan
Interest Rate
from 9.9% p.a.
Annual Turnover
RM -

MIDF/MBSB Women (Independent) Entrepreneurs (M-WiSE)
Interest Rate
from 3% p.a.
Annual Turnover
min. RM200k
Boost Bank SME Financing - Revolving Credit
Interest Rate
from 18% p.a.
Annual Turnover
RM -
MIDF Micro Biz Financing (MBF)
Interest Rate
from 2% p.a.
Annual Turnover
min. RM125k
HSBC Working Capital Term Loan for SME
Interest Rate
from 9.89% p.a.
Annual Turnover
min. RM500k
MIDF Sustainable Green Biz Financing (SGBF)
Interest Rate
from 2% p.a.
Annual Turnover
min. RM200k
BSN Micro TemaNiaga-i Tawarruq
Profit Rate
from 6.38% p.a.
Annual Turnover
RM300k - RM15m

MIDF SME Transformation Financing (SMETF)
Interest Rate
from 4% p.a.
Annual Turnover
min. RM200k
Bank Rakyat Skim Pembiayaan Mikro-i MUsk
Profit Rate
from 12.56% p.a.
Annual Turnover
up to RM300k
MIDF Soft Financing Scheme for Automation and Modernisation (SFSAM)
Interest Rate
from 4% p.a.
Annual Turnover
min. RM200k
IVC Business Loan
Interest Rate
from 18% p.a.
Annual Turnover
RM -
MIDF Halal Accreditation and Technology Improvement (HATI)
Interest Rate
from 4% p.a.
Annual Turnover
min. RM200k
Bank Rakyat Skim Pembiayaan Mikro-i MEF
Profit Rate
from 8.25% p.a.
Annual Turnover
up to RM300k

MIDF Soft Financing for Services Capacity Development (SFSCD)
Interest Rate
from 4% p.a.
Annual Turnover
min. RM200k
Agrobank Term Financing-i
Profit Rate
from 11% p.a.
Annual Turnover
RM -
SME Bank Small Business Financing
Profit Rate
from 8% p.a.
Annual Turnover
min. RM150k
SME Bank Business Accelerator Program
Profit Rate
from 4% p.a.
Annual Turnover
min. RM300k
BSN Microplus
Interest Rate
from 8.45% p.a.
Annual Turnover
RM300k - RM50m
BSN Micro TemanMesra
Interest Rate
from 6.38% p.a.
Annual Turnover
RM300k - RM15m
BSN Micro TemaNiaga
Interest Rate
from 6.38% p.a.
Annual Turnover
RM300k - RM15m