Malaysia’s Top 3 Banks + Business Loans Offer

Date: 13 June 2020

A business loan is specifically granted for businesses to Set-up, Expand and Upgrade.

The bank gains repayment with interest from you as a return.

Hate doing research?

In this article, we’ll Highlight most potential loans worth applying for.

Read on about the latest & greatest bank offers in Malaysia.

You’ll only need simple documentation and guidance.

Maybank

The Lowest Requirement among others. 
Here’s their Working Capital offer:

1. Professional Business Loans / Financing-i

• Collateral-free!
• For Who: Any registered Companies (Regardless Business Type)
• Financing / Loan range: 
  • Partnership / *PLC (Sdn.Bhd): Up to RM 200,000
  • Sole Proprietorship: Up to RM100,000
• Current Base Lending Rate: 6.90% per annum
• Requirement: Joint and Several Guarantee from all directors.
  

2. SME Clean Loan / Financing -i

• Collateral-free
• For: Sole Proprietorship, Partnership, *PLC and Professional (Business in operations at least 3 Years)
• Financing / Loan Range: RM50,000 to RM1,500,000
• Up to 7 years Loan Tenure
• Requirement: Joint and Several Guarantee from all directors. (Sdn Bhd Only)

   

UOB

Fast Approval within 5 working days (As per UOB official):

1. UOB BIZMONEY

• Collateral-free
• For: Sole Proprietors, Partnership or *PLC registered within Malaysia (Min. 3 years in business)
• Financing / Loan Range:
  • RM100,000 to RM1,000,000
• Flexible Repayment Tenure from 1 to 5 years
• Interest rate: from 0.54% per month

   

HSBC Bank

Relieving all kinds of business:

1. Special Relief Facility

• Allocated RM 5 billions to relieve short-term cash flow
• For: SMEs
• Financing / Loan Range:
  • Up to RM1,000,000 / RM1 million
• Up to 5.5 years (With 6 months grace period)
• Interest rate: 3.5% p.a.
• *Only available from 06 Mar 2020 to 31 Dec 2020

2. Agrofood Facility

• Allocated RM 1 billion to stimulate food production for Malaysia Export.
• For: Eligible SMEs
• Financing / Loan Range:
  • Up to RM5,000,000 / RM5 million
• Up to 8 years 
• Interest rate: 3.75% p.a.
• *Available from 06 Mar 2020 onwards

3. SME Automation and Digitalisation Facility

• Allocated RM 300 million to assist SMEs in productivity and efficiency.
• For: Eligible SMEs
• Financing / Loan Range:
  • Up to RM3,000,000 / RM3 million
• Up to 10 years 
• Interest rate: 4.0% p.a.
• *Only available from 06 Mar 2020 to 31 Dec 2020

1. All Economic Sector Facility
   • Allocated RM 6.8 Billion to strengthen all SMEs in all economic sectors.
   • For: Eligible SMEs
   • Financing / Loan Range:
     • Up to RM5,000,000 / RM5 million
   • Up to 5 years 
   • Interest rate: 7% p.a.
   • *Available from 06 Mar 2020 onwards

      

2. Micro Enterprise Facility

• Collateral-free
• RM 300 million Allocation for micro enterprises easy-access.
• Financing / Loan Range:
  • Up to RM50,000 
• Up to 5 years 
• Interest rate: Determined by HSBC bank.
• *Available from 06 Mar 2020 onwards

Conclusion:

Find it useful?
There are BLR (Basic lending rate) calculations, terms and conditions, and many from the bank will either make you scream or confuse business owners.

Yes.

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