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 200,000
4. Facility fee: 1% of the approved credit limit (one-off)
5. Guarantee fee: 5% of the approved amount (charged upon disbursement)
6. Utilisation fee: 5% of the approved amount (charged upon disbursement)
7. 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 instalment 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.
Pay the financing in equated monthly instalment as scheduled. 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 instalment. The instalment per month with different rate and tenure is as shown below:
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Micro Credit Line |
Equated monthly instalment. The instalment per month with different rate and tenure is as shown below: 
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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 :
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Terms and Conditions Apply