SME Bank Small Business Financing

Want to increase your product marketability but lacking the funds? Small Business Financing by SME Bank has got you covered at competitive rate!

SME Bank Small Business FinancingIncrease Marketability
Tenure
Up to 7 years
Profit Rate
from 8% p.a.
Loan type
Unsecured islamic financing
Interest Type
Flat profit rate

Profit rates

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

Financing ValueFinancing periodAnnual Sales TurnoverProfit Rate
RM100,000 - RM750,00012 to 84 monthsmin. RM150,0008% p.a.

Fees & Charges

Profit Rate / APR
As low as 8% p.a. depending on financing amount and period
Stamp Duty
RM10
Late Penalty Fee
 1%  from current outstanding amount

Requirements

Minimum Annual sales turnover
RM150,000
Minimum Company Age
2 years
Bumiputera Ownership
51%  with a Bumiputera as CEO or Managing Director
Who can apply
  • Malaysian Registered Companies.
  • Micro Enterprise

More Information

What can I get from SME Bank Small Business Financing?

Often times, micro entrepreneurs face difficulty in accessing working capital loan to fund for the expansion of their small businesses. With SME Bank Small Business Financing, you can increase your product marketability and elevate your micro business status to small business. 

How much does this small business loan cost me?

Small Business Financing by SME Bank offers a financing amount between RM100,000 to RM750,000 at a flat interest rate of 7.5% p.a.. This term business loan can be borrowed for up to 7 years.

Who can apply for this small business loan?

SME Bank has set out a list of requirements for micro entrepreneurs who are interested to apply for this Small Business Financing scheme as follows:

  • You must own the business, which is already in operations for at least 2 years (and must be profitable in the current year)
  • The business needs to be registered under the Companies Commission of Malaysia Act 2001 or Co-operative Societies Act 1993
  • The minimum annual turnover is RM150,000
  • You must be a micro enterprise company with a minimum of 51% Bumiputera equity ownership with good credit standing
  • Your CEO or Managing Director must be Bumiputera
  • All other criteria defined by SME Bank

What documents do I need to prepare to apply for this small business loan?

Before you make your way to SME Bank to drop your application, you also need to prepare some supporting documents such as:

  • Copy of Identity Card
  • Proof of business operations which include license / permit or utility bills
  • Proof of income (e.g. Bank statement for the past 6 months)
  • Business Registration Certificate (SSM)