SME GROW Loan

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SME GROW Loan

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  • SME GROW Loan – Startup No Collateral Financing
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SME GROW Loan

Cash to nurture and grow your start-up businesses

  • business cash loan collateral free usp en COLLATERAL-FREE
  • business cash loan up to 400k usp en UP TO RM200,000
  • business cash loan up to 5 years usp en UP TO 5 YEARS
Apply Now

Features & Benefits

Term Loan for Working Capital.

Loan Amount of RM 20,000 up to RM 200,000.

Guaranteed by Government-Funded Scheme

No Collateral Required.

Loan Tenure up to 5 years

No Collection of Financial Documents

Eligibility

  • Selected existing-to-bank customers only
  • Sole Proprietorships, Limited Liability Partnerships, Partnerships, Professional firms, and Private Limited Companies (Sdn Bhd)
  • Malaysian-controlled or Malaysian-owned companies registered in Malaysia with at least 51% shareholding
  • Minimum 6 months in business operation 

Interest Rate & Instalments

Years in Business

Effective Interest Rate*

Financing Amount

Facility Tenure

6 months ≥ 2 Years

BLR + 4.25% p.a.

RM20,000 ≥ RM50,000

Up to 3 years

> 2 years ≥ 3 years

RM50,000 ≥ RM100,000

> 3 years ≥  5 years

BLR + 3.75% p.a.

RM100,000 ≥ RM200,000

Up to 5 years

*The Effective Interest Rate is based on the Bank’s current Base Lending Rate (BLR) at 5.89% p.a.

Important: Your monthly repayment amount (instalment) and total repayment amount will vary if the Base Lending Rate (BLR) changes. 

 

Illustration of Instalments

Assuming your company has been in business for 4 years (applicable effective interest rate of BLR + 3.75% p.a) with a total approved facility amount of RM100,000 with 5 years (60 months) financing tenure:

Effective Interest Rate*

Monthly Instalment

Total Repayment amount at the end of 60 months

BLR + 3.75% p.a.

RM2,108

RM126,422.06

SME GROW Loan - Fees & Charges

  • Early Settlement Fee is 0.525% on the principal outstanding
  • Late Payment Fee is 1% p.a. on the amount in arrears
  • Default Rate is 1% p.a. in addition to the prescribed rate
  • Stamp Duties charges as per the Stamp Act 1949
  • No Legal Fees 

 

Click here for the non-exhaustive list of fees and charges, or visit any of our branches for further information.

Terms & Conditions

Terms & Conditions - EN

PDS

Product Disclosure Sheet - EN
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