Stock before a peak season
Stock up ahead of Hari Raya, Chinese New Year or year-end sales and repay from the takings. Example: RM 50,000 over 12 months at 4.9% p.a. is RM 4,278.08 a month.
SME Business Loan
Working capital for stock, equipment or a busy season, repaid monthly over 6 to 108 months.
p.a., every term4.9%
- p.a., every term
- 4.9%
- Amount
- RM 5,000 – 300,000
- Period
- 6 – 108 months
- Repayment
- Equal monthly instalments; settle early with no penalty
What you can use it for
For sole proprietorships, partnerships and Sdn Bhd companies registered with SSM for at least a year. Borrow RM 5,000 to RM 300,000 over 6 to 108 months and repay in equal monthly instalments, with no penalty for settling early.
Equipment
An oven, a chiller, a POS system or machinery. Choose a period no longer than the equipment will earn for you. For a vehicle, compare hire purchase as well.
A new or refreshed outlet
Deposit, fit-out and signage for a second branch, or renovating the shop you have.
Waiting on slow payers
Cover payroll and supplier bills while customers take 60 or 90 days to pay their invoices.
Who can apply
- Businesses registered with SSM for at least 1 year
- Owner, partner or director aged 21 – 60, Malaysian citizen or PR
- Regular sales that show up in your bank statements
- Up to date on existing business and personal repayments
What you'll need
- MyKad of the owner, partners or directors, verified at signing
- SSM registration: business profile for a sole proprietorship or partnership, company profile for a Sdn Bhd
- A business bank account, or the owner's personal account if sales are paid into it
- Your latest 6 months' business bank statements (or the owner's, if that's where sales go)
- Sole proprietorship or partnership: your latest Borang B or Borang P, if you've filed one
- Sdn Bhd: your latest management accounts or audited accounts, if available
- Helpful: the tenancy agreement for your premises, and quotes or invoices for what you're buying
Still comparing? Leave your number and we'll do the maths
Sending an enquiry won't check your credit record and doesn't commit you to anything. An adviser will message you on WhatsApp, usually within 1 working hour, with a rough idea of how much you could borrow, your likely rate and your monthly repayment.
Do I need a Sdn Bhd to apply?
No. Sole proprietorships and partnerships registered with SSM can apply too, as long as the business has been registered for at least a year. If you don't have a business account, the owner's bank statements can be used as proof of income.
How is the rate decided?
The rate is 4.9% p.a. for every term from 6 to 108 months. Every approved business pays this rate, well within the 18% p.a. cap for unsecured loans. How long you've been trading, how steady your monthly sales are, your existing commitments, and the credit records of the business and its owners decide whether you're approved and how much we can lend. Your adviser confirms the amount, term and instalment before you sign.
What affects approval?
How long you've been trading, whether sales come in steadily each month, how much of your cash flow already goes to repayments, the CCRIS and CTOS records of the business and its owners or directors, and whether the amount makes sense for your turnover. Our licensed lending partner checks credit records with your consent only after you apply.
Which period should I choose?
Match the period to how quickly the money pays for itself. Stock that sells within a few months suits 6 to 12 months: RM 50,000 over 12 months at 4.9% p.a. is RM 4,278.08 a month and RM 1,337.00 interest in total. Over 36 months at the same 4.9% p.a. the instalment falls to RM 1,496.30, but interest rises to RM 3,866.84.
Can I settle the loan early?
Yes, at any time, with no early settlement penalty. You only pay interest up to the day you settle. Example: on RM 50,000 over 24 months at 4.9% p.a., settling right after the 12th instalment means paying the remaining RM 25,611.15 and saves RM 684.86 of interest.
When is this loan not a good fit?
If the business has been registered for less than a year, you can't apply for this loan yet. If the money would cover ongoing losses rather than a timing gap, a loan only delays the problem, so fix the margin first. For vehicles, hire purchase is worth comparing, and some banks and government SME schemes may offer cheaper financing if you qualify.
Other loans
Loans by purpose
Guides for common reasons to borrow, with an example and what to check first.
Apply for an SME Business Loan in about 3 minutes
Work out your monthly repayment first with our calculator. Your adviser confirms your rate before you sign, and applying doesn't commit you to borrow.