Despite Malaysia’s vibrant micro, small and medium enterprise (SME) landscape, poor access to capital and financing has hindered these businesses’ ability to flourish and reach greater heights. Got questions? Apart from that, as many as 100,000 local entrepreneurs will benefit from e-Commerce SME and Micro SME campaign as the government is injecting RM 150 million for this campaign. Furthermore, the soft loan scheme for micro-enterprises is also extended to TEKUN Nasional with a maximum loan … Minimum Turnover of RM150,000 (annual sales). SME Emergency Funds (SMEEF) Regulated by Malaysia Industrial Development Finance (MIDF), the SME Emergency Funds is less of a grant and more like a soft loan. Term Loan with No Collateral required ; Fast Loan: RM100k~RM1.5mil ; Secured Loan up to RM10mil ; … With Funding Societies Micro Financing, you can apply for a financing amount of up to RM 100,000 with an interest rate of up to 1.5% per month and an utilisation fee of 5%. Panjang Blok X No.1, Kedoya Utara, Kebon Jeruk, Jakarta Barat 11520, Indonesia. Chief Executive Officer / Managing Director must be Bumiputera. Private & Confidential. You will need the following documents during this application: IC front & back of all additional directors, Registered with Securities Commission Malaysia, Largest Peer-to-Peer Financing Platform in Southeast Asia, Disbursed more than RM 4.3 billion to over 2 million notes, More than 800,000 SMEs registered with usacross SEA, Investors' funds managed by Malaysian Trustees Berhad, “As a growing company that offers home and business security solutions, we need financing to maintain cash flow in order to cover a variety of business expenses, including long payment terms for our clients. Majority of the Management are Bumiputera. A vague line you’ve heard a many times, and maybe even said yourself. Other than that, Buy Made in Malaysia Program is also being continued in order to increase the consumption of local products and services. Abolishing the 2% interest rate to 0% for the Micro Credit Scheme amounting to RM500 million under Bank Simpanan Nasional (BSN). A business financing product that offers micro credit opportunities to SMEs. Registered with Securities Commission Malaysia.Modalku Ventures Sdn Bhd 201601019329 (1190266X)© 2020 Modalku Ventures Sdn Bhd. The applicant must be Micro Enterprise Company with the following : Minimum of 51% Bumiputera equity ownership with good credit records. SME Corp. Malaysia promotes the development of Micro Enterprises through focused programmes with an integrated approach and provision of hand-handing assistance to help them improve productivity and accelerate growth. Provision of SME financing is also complemented by the Development Financial Institutions, Bank Negara Malaysia’s Funds for SMEs … SME Micro Loan / Financing-i Apply online and get financing of up to RM50,000 to meet your micro enterprise's business needs. All rights reserved. Funding Societies is a P2P financing platform registered with Securities Commission Malaysia. It’s been reported in many news articles and the government is never short on entrepreneurship support. Soft Loan Schemes for Services Sector (SLSSS) The SLSSS is aiming to provide financing aid for … We will credit the disbursement into your designated business bank account and your repayment cycle shall begin the following month. SME Corporation Malaysia (SME Corp. Malaysia) is a Central Coordinating Agency under the Ministry of International Trade and Industry Malaysia that formulates overall policies and strategies for Small and Medium Enterprises (SMEs) and coordinates the implementation of SME development programmes across all related Ministries and Agencies. SME Clean Loan / Financing –i Boost your company's working capital with fast Cash and no collateral required. E: After your financing has been approved, simply e-Sign the contract and receive the funds in your business bank account. View More. Minimum of RM 3,000 and maximum of RM 100,000, Late Penalty Fee: RM500 per repayment cycle, Late Interest Fee: 0.1% per day (non-compounded) on the amount in arrears. TEKUN Nasional to provide an easy loan scheme for micro-SMEs at 0% interest rate of up to RM100,000 per company. View More. Wholly owned and managed by Credit Guarantee Corporation Malaysia Berhad (CGC), imSME upholds the same responsibility and dedication to empower Malaysian SMEs in securing the right business financing/loan. For larger loan quantum, businesses can also look at the SME Working Capital Loan as well as theTemporary Bridging Loan Programme. We charge a one-off 5% utilisation fee upon disbursement and regular interest rate. QUICK LINK. Secondly, the microloan scheme for micro-SMEs is now extended to Tekun Nasional with a maximum loan limit of MYR10,000 per company. It will only take a few minutes and you can resume at any point within 30 days. SMALL BUSINESS LOAN. 8, 1st Floor, Jln. No Hidden Cost. Small Business Financing (SBF)To assist entrepreneurs on their working capital needs. Contact Us. Punck 3, Pusat Perniagaan Parit Bakar, 84000 Muar, Johor . Commodity Murabahah Revolving Financing  (CMRF-i), Joint and several or personal guarantees of directors/shareholders. We focus on your business potential instead of your assets. Thus far, Bank Negara Malaysia (BNM) has announced a difficult economic outlook for the first quarter of 2020, and one of the main factors for this is due to the import and export slowdown. © 2020 Small Medium Enterprise Development Bank Malaysia Berhad 49572-H Menara SME Bank. We apologize for any inconvenience this might No Guarantor Is Needed. Small and Medium Enterprises (SMEs) are part of Malaysia’s vibrant economy, and there are several financing schemes in Malaysia available to support these SMEs. An SME needs to be nurtured and supported as much as possible. Just to share, 98.5% of all busines… The government is encouraging the private sector to do the same during and after the MCO. Step 1: Complete the Application form on our page, Step 2: Submit the documents required for the application, Latest 2 years personal Income Tax Assessment (Optional), Step 3: Check your email for updates on your financing application, Step 4: Accept the approved financing offer from us (if you’re agreeable to the terms). With Funding Societies Micro Financing, you can apply for a financing tenure of up to 18 months. Click the floating bubble at the bottom of your screen to chat with us! These SME businesses are very reliant on operational cash as they are new and do not have strong customer base. KUALA LUMPUR, April 6 — Prime Minister Tan Sri Muhyiddin Yassin announced today that loans for small- and medium-sized enterprises (SMEs) under the previous Prihatin stimulus package will be … We will review your application and make a tentative offer within 2 working days. There are no hidden fees. We are very grateful to Funding Societies for providing short-term financing solution to us when we need it the most, helping us to improve our cash flow and grow our business further.”. Banking institutions is the main source of financing for SMEs, providing more than 90% of total financing. Best used to maintain cash flow and enhance your business day-to-day. SME Loan Malaysia. This explains why the need for SME financing has been on an exponential rise. Micro Enterprises Enhance your productivity and accelerate your growth into small and medium-sized enterprises. Subordinated Financing Programme (SFP) Support to Empower & Sustain Bumiputera's Economy in Business. We can provide your company a direct comparison on all banks SME Micro Loan rates and eligibility terms. We believe in giving entrepreneurs, young and old, a chance to actualize their dreams by providing them with loans to start up. But the facts are that our country’s economic fate does rely on the success of Small and Medium Enterprises (SME). The biggest problem facing small business owners is lack of capital to develop and expand their businesses. If this is your first time with us, here is a run-through on the application process. Explore and apply for this SME micro loan with OCBC via MyInfo! Increase your product marketability and transform your business from Micro to Small category. The Industry Ministry is preparing to launch a new soft loan programme this week to help small and medium-sized enterprises (SMEs) better cope with the latest wave of the Covid-19 outbreak. 90% Approval Rate. The SME industry has grown in leaps and bounds in recent years. Registered under the Companies Commission of Malaysia Act 2001 or Co-operative Societies Act 1993. Jalan Sultan Ismail, 50250 Kuala Lumpur Tel: +603 2615 2020 Fax: +603 2698 1748 Contact Centre : +603 2603 7700 Best viewed : IE 10.0 and above, Mozilla Firefox 6.0 and above, Chrome 9.0 and higher with resolutions of 1024 X 768 Financing Options for SMEs. No Barriers. You only need to have 3 basic business documents at hand, for your financing application. Once you have accepted our offer, we will credit the approved financing amount to you, with the utilisation fee deducted from the disbursement. Impact of COVID-19 On Malaysia SMEs. Exclusion of premises rental or discounts for SMEs and micro-SMEs from the GLCs like Petronas, PNB, UDA, MARA and others. Fast disbursement of financing within 24 hours of approval. Disclaimer: All third party trademarks, product and company names are the property of their respective holders. This is Malaysia’s first online SME financing/loan referral platform launched in February 2018. imSME is wholly owned and managed by Credit Guarantee Corporation Malaysia Berhad (CGC), and is supported by Bank Negara Malaysia as well as other participating banks. Care Line: 011-15042915 SME Hotline: 1700-81-6899 SME FAX: 1700-81-7567 China is Malaysia’s largest export market, and a sharp drop would affect business across all sectors. Abolishing Loan Scheme Interest Rates. Home / SME Loan Malaysia; Small and medium size Enterprises are the main drivers of the economy of Malaysia and that of the world in general. Early repayments are subjected to a 2% early repayment fee on the remaining principal amount to partially compensate our investors on the loss of their residual interest. With Funding Societies Micro Financing, you can apply for a financing amount of up to RM 100,000 with an interest rate of up to 1.5% per month and an utilisation fee of 5%. The scheme will be run by Bank Simpanan Nasional, who’s offering only 2% interest free of charge.. Loan eligibility requirements will also be extended with a minimum of 6 months of operation compared to 1 year of operation. The newly launched financing reference platform imSME by Credit Guarantee Corporation Malaysia Bhd (CGC) is aimed at tackling this problem, particularly by making the paperwork less time-consuming. Sorry, Funding Societies does not issue personal loans at this time. SME Loan SME business loan is especially for small and medium enterprise. GEORGE TOWN, April 7 — Penang micro businesses and small and medium enterprises (SME) may apply for the Penang Business Continuity Zero Interest Loan from tomorrow, Penang Chief Minister Chow Kon Yeow announced today. Once you have accepted our offer, we will credit the approved financing amount to you, with … Fulfill your business ambitions with the Business First Loan, a government-assisted loan. In addition, these SME do not have much bargaining power. Must not have any adverse track record with any Financial Institutions. Just like any other financing product, the following fees/charges will be applicable: If you are late in making your repayments, the following fees/charges will be imposed: Early repayments are always encouraged, as SMEs are able to save more on interest. Quick online application and approval within 2 working days. The easy loan scheme for micro SMEs will also be extended to TEKUN Nasional with a maximum loan limit of RM10,000 per company at a 0% interest rate. Not what you’re looking for?We have other financing solutions available to serve your needs. The government has allocated MYR200 million for this scheme. SMEs are a critical component of the Malaysian economy, contributing more than a third of gross domestic product (GDP) and providing job opportunities to more than four million workers in Malaysia. T: +6019 - 8885 884. Disclaimer | Privacy Policy | Security Policy, © 2020 Small Medium Enterprise Development Bank Malaysia Berhad 49572-H, Commodity Murabahah Term Financing-i (CMTF-i), Commodity Murabahah Revolving Financing-i (CMRF-i), High Tech Facility - National Investment Aspirations (HTF-NIA). The previously announced 2% interest rates of RM500 million Micro Credit Scheme administered by Bank Simpanan Nasional (BSN) in PRIHATIN will be abolished. The government will abolish the two percent interest rate for the micro-credit scheme. cause. Available for online application to both Maybank and non-Maybank customers. Extra funding for Tekun Nasional Business Accelerator Program (BAP) To assist SMEs in strengthening their core business, building capacity and capability, and facilitating access to financing. 112 Robinson Road Level 8Singapore 068902, Unit 15.01 & Unit 15.02, Level 15,Mercu 3, KL Eco City, Jalan Bangsar,59200 Kuala Lumpur, Pemberi Pinjaman[email protected]+62 878 6500 8311, Peminjam[email protected]+62 877 7873 6144, Unifam Tower, Jl. Abolishing interest rates for micro-credits. SME Loan Malaysia is a licensed financial institution and money lender, specializing in KL and Selangor & Malaysia. To manage your repayment, the monthly installment is calculated as ‘P+I’ (principal + interest). Low Interest Rates & High Loan Packages. Don’t underestimate them, because despite their size, total contributions of SMEs in Malaysia are far from small. It does not fall under the jurisdiction of Bank Negara Malaysia. The SME Micro Loan can be used to manage daily operations and cashflow. All Economic Sectors (AES) Facility. No. EFFICIENT LOW INTREST RELIABLE. Applicant must be a Micro Enterprise Company with. Therefore, financing products of Funding Societies should not be constructed as business loan, SME loan, micro loan, term loan or any other loans offered by banks in Malaysia and it is to be deemed as an investment note as defined in the Guidelines on Recognised Markets. Sole proprietorship, partnership, limited liability partnership, private limited company (non-subsidiary of a listed company) or unlisted public limited company registered with SSM, Minimum 30% local shareholding by Malaysians, Minimum RM 60,000 revenue per annum (or RM5,000 per month). This is also offered at zero interest rate. Since small business owners do not have the right amount of money to start and even run their businesses, most of them opt to look into other forms of financing. Third, the government will provide additional funds of RM500 million under the Micro Credit Scheme which makes a total of RM700 million allocated for easy financing.. The company is in operations for at least 2 years and profitable in current year. Its sole purpose is to help businesses that are affected by natural disasters. imSME, an acronym of “I am mSME,” is Malaysia’s first online financing/loan referral platform for small and medium-sized enterprises (SMEs) to source for the best business financing/loan. SME LOAN MALAYSIA. Depending on the nature of your financing, you could apply for a tenure of 6, 9, 12, or 18 months. WHY CHOOSE US. RM1 billion has been added to the existing RM5.8 billion fund of … With the blanket loan moratorium having ended in September, Digital Edge looks at the extent of the moratorium in terms of numbers, as well as the restructuring and rescheduling (R&R) efforts that have been undertaken by the small business community so far.According to RAM Ratings Services Bhd, the number of small and medium enterprise (SME) loans granted some form of R&R assistance … PROJECT LOAN. The scheme has been allocated 500 million ringgit (US$114 million) from the second stimulus package and allows SMEs to receive a loan of up to 75,000 ringgit (US$17,000).