SME Business Loan
Working capital for SSM-registered businesses, decided by people who read your statements.
- Amount
- RM 5,000 – RM 100,000
- Period
- 6 to 108 months
- Flat rate
- 4.90% – 18.00%
- Decision
- 1–2 working days after your video verification
Overview
Borrow RM5,000 to RM100,000 over 6 to 108 months, from 4.9% a year flat, for your sole proprietorship, partnership or Sdn Bhd. We look at your actual bank turnover rather than asking for audited accounts you may not have, and we explain every cost before you sign.
- Assessed on your bank turnover, not just audited accounts
- Fixed monthly instalments you can plan cash flow around
- No collateral needed for loans within our unsecured limit
Who it's for
- Sole proprietors and partnerships registered with SSM for at least 12 months
- Sdn Bhd companies with a director willing to guarantee the loan
- Retailers, F&B operators, contractors and service businesses with steady monthly sales
- Businesses that need funds faster than a bank can usually arrange
Probably not for you if
- Start-ups with less than a year of trading history
- Covering ongoing losses — borrowing will not fix a business that isn't making money
- Large property or long-term asset purchases, which are cheaper with bank or government-backed financing
What people use it for
- Stock before peak season
- Buy inventory ahead of Hari Raya, Chinese New Year or year-end sales, and repay from the extra takings.
- Bridging slow-paying customers
- Cover wages and suppliers while you wait 60 to 90 days for a large customer or contract payment.
- Equipment and renovation
- A new oven, delivery motorcycle, POS system or shop refit that pays for itself over a few years.
Eligibility
- Business registered with SSM for at least 12 months
- Owner or directors are Malaysian citizens or permanent residents aged 21 to 60
- A business bank account with at least 6 months of regular turnover
- Average monthly turnover of at least RM15,000
- No owner or director with an undischarged bankruptcy
- For a Sdn Bhd, at least one director to sign as guarantor
What to prepare for your video verification
Identity — shown on a video call, never on this website
Shown on camera, never uploaded here
- MyKad of the owner, partners or directors, each shown on camera during the video call
- Business premises tenancy agreement or utility bill, sent via our official WhatsApp
Business registration
- SSM business profile or company profile
- Sdn Bhd: Form 24, 49 and the constitution, or their Section 51, 58 and 78 equivalents
Financial records
- Latest 6 months' business bank statements
- Latest management accounts or Borang B / Borang P
- Major customer contracts or purchase orders, if the loan is to fulfil them
Rates and fees
- Interest
- 4.90% to 18.00% a year, flat, fixed for the whole loan
- Stamp duty
- 0.5% of the loan amount, paid once to LHDN through e-stamping when you sign
- Late interest
- 8% a year on an overdue instalment only, calculated daily
- Never charged
- Processing, application, approval, insurance or agent fees
Repayment examples
Calculated at the top of the current rate band. Your offer can only be the same or lower.
| Monthly instalment | RM 1,966.67 |
|---|---|
| Total interest | RM 3,600.00 |
| Total you repay | RM 23,600.00 |
| Stamp duty (once, to LHDN) | RM 100.00 |
| Effective annual rate | 31.72% p.a. |
| Monthly instalment | RM 2,833.33 |
|---|---|
| Total interest | RM 18,000.00 |
| Total you repay | RM 68,000.00 |
| Stamp duty (once, to LHDN) | RM 250.00 |
| Effective annual rate | 31.46% p.a. |
| Monthly instalment | RM 2,690.48 |
|---|---|
| Total interest | RM 126,000.00 |
| Total you repay | RM 226,000.00 |
| Stamp duty (once, to LHDN) | RM 500.00 |
| Effective annual rate | 27.46% p.a. |
Questions about this loan
- No. Most of our SME customers don't have audited accounts. We assess your business mainly on six months of bank statements, supported by management accounts or your Borang B or P.
- Not for loans within our unsecured limit. A Sdn Bhd needs at least one director to sign a personal guarantee.
- Once we have your complete documents, we usually decide within one to two working days. Once you e-sign the agreement, the money is paid to the business account the same or next working day.
- Like any business loan, it may be reported once it is approved, and repaying on time helps your business build a good record.
- Yes. You can settle at any time and receive a Rule of 78 rebate of the interest not yet earned. Ask us for a settlement figure first.
- Government-backed and bank schemes usually have lower rates, so check them first. We are useful when you need the money quickly, have a short track record, or don't qualify for those schemes.
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