MIDF Soft Financing Scheme for Automation and Modernisation (SFSAM)

Breath automation and modernisation to your manufacturing company. Obtain financing as high as RM20 million over a flexible tenure of up to 25 years.

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

You borrow	Loan period	Annual Sales Turnover	Interest Rate
RM50,000 - RM20,000,000	36 to 300 months	min. RM200,000	4% p.a. - 5% p.a.

Interest Rate / APR: from 4% p.a. to 5% 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 approved financing amount or maximum RM10,000 (upfront payment upon acceptance)

Minimum Annual sales turnover

RM200,000

Minimum Company Age

2 years

Malaysian Ownership

51% equity at the least, held by Malaysians

Who can apply

Malaysian Registered Companies.
Registered with SSM,For start-up companies in operation for at least 6 months with director/shareholder/key management having 5-year experience in similar industry or relevant field,Manufacturing, Manufacturing Related Services (MRS) sectors

Fundingbee
Interest Rate
from 12% p.a.
Annual Turnover
min. RM60k
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 4.56% 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 Sustainable Green Biz Financing (SGBF)
Interest Rate
from 2% p.a.
Annual Turnover
min. RM200k
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 Microenterprise Special Relief Program (MRP 2.0)
Profit Rate
from 4.75% 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 4% p.a.
Annual Turnover
RM -