What is the product about?
Micro Financing/-i | Micro Credit Line |
Micro financing/-i is specifically designed for micro SMEs that need financing in a single lump sum for business expansion with a fixed payment schedule on an equated monthly installment basis. | With Micro Credit Line, you're granted a line of credit which you're able to draw on as and when required for business purchases or emergencies. Pay interest and fees based on your utilised amount. |
Which is best for your business?
Micro Financing/-i | Micro Credit Line |
Suitable for one-off expenses and long-term capital for business expansion or project financing.
| Suitable for businesses where they frequently need short-term financing for business expenses and unexpected expenses or as an emergency fund. |
*You may apply for Micro Financing/-i and Micro Credit Line at the same time but the overall qualified amount could split among both products.
What are the financing terms and charges?
Micro Financing/-i | Micro Credit Line |
1. Rate: 0.8% - 1.5% per month
2. Financing amount: up to RM200,000
3. Payment tenure: 6 - 18 months
4. Guarantee fee: 5% of the approved amount (charged upon disbursement)
5. Utilisation/Drawdown fee: 5% of the approved amount (charged upon disbursement)
6. Early Payment Fee: 2% on the remaining principal to partially compensate the investors for the loss of the residual interest. Applicable only for Micro Financing (Conventional)
*No fees will be charged if you decided to decline our offer. | 1. Interest rate: 0.05% per day (1.5% per month) on the utilised amount
2. Facility limit: up to RM 100,000
4. Facility fee: 1% of the approved credit limit (one-off)
5. Utilisation fee: 1% of the approved utilised amount for each successful drawdown (will be deducted from the approved amount) and 1% on the monthly utilised amount (for rollover only)
6. Early Payment Fee: Waived
*No fees will be charged if you decided to decline our offer. |
What is the process flow?
Micro Financing/-i | Micro Credit Line |
 Step 1 - Onboarding Apply for Micro Financing/-i and receive the approval within 2 working days.
Step 2 - Acceptance & Disbursement Accept your financing offer upon approval and receive the financing within 2 working days.
Step 3 -Payment Pay the financing in equated monthly installment as scheduled.
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 Step 1 - Onboarding Apply for Micro Credit Line and receive the approval within 2-3 working days.
Submit financing request and receive the financing within 2 working days.
Create a payment plan aligned with your cash flow cycle. Once you pay off the principal and interest, your credit line will be replenished.
Repeat Step 2 & 3. |
How does the payment work?
Micro Financing/-i |
Equated monthly installment. The installment per month with different rate and tenure is as shown below:
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Micro Credit Line |
It is something similar to your overdraft facility!
 (i) Principal Payment: You can settle the loan by paying the Principal amount and total interest due before/on the loan due date via Instant Transfer. The early you make the settlement, the more interest you can save and there are no early settlement fees or charges imposed.
(ii) Rollover: You can rollover the principal payment to next month by paying the monthly interest due and the respective monthly Utilisation Fee only. The interest and Utilisation Fee is deducted via direct debit mandate on the due date.
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What are the documents required?
Micro Financing/-i | Micro Credit Line |
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What if I can't make the payment on time?
Micro Financing/-i | Micro Credit Line |
Micro Financing-i : For default payment after maturity date: Compensation (Ta’widh) may be imposed at the rate of 1% p.a. on the overdue balance (overdue principal and accrued profit). Late Payment Charges at a maximum rate of 10% p.a.
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Terms and Conditions Apply