SME GROW

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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
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Features & Benefits

Term Loan / Term Financing-i for Working Capital

Loan / Financing Amount of RM 20,000 up to RM 200,000

Guaranteed by Government-Funded Scheme

No Collateral Required.

Facility 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 / Profit Rate & Instalments

Years in Business Effective Interest / Profit Rate* Financing Amount Facility Tenure
6 months ≥ 2 Years BLR / IFR + 3.25% p.a. RM20,000 ≥ RM50,000 Up to 3 years
> 2 years ≥ 3 years RM50,000 ≥ RM100,000
> 3 years ≥  5 years BLR / IFR + 2.75% p.a. RM100,000 ≥ RM200,000 Up to 5 years

*Effective Interest / Profit Rate is based on the Bank’s current Base Lending Rate (BLR) / Islamic Financing Rate (IFR) at 6.89% p.a.

Important: Your monthly repayment / payment amount (instalment) and total repayment / payment amount will vary if the BLR / IFR changes.

 

Illustration of Instalments

Assuming your company has been in business for 4 years (applicable effective interest / profit rate of BLR / IFR + 2.75% p.a.) with a total approved facility amount of RM100,000 with 5 years (60 months) facility tenure:

Effective Interest / Profit Rate* Monthly Instalment Total Repayment / Payment amount at the end of 60 months
BLR / IFR + 2.75% p.a. RM2,156 RM129,379.91

SME GROW Fees & Charges

Fees & Charges SME GROW Loan SME GROW Financing-i
Early Settlement Fee 0.525% on the principal outstanding Not applicable
Late Payment Fee / Compensation Charge 1% p.a. on the amount in arrears

a) During Facility tenure: 1.0% p.a. on the overdue schedule payment

 

b) After Expiry or Maturity of Facility Tenure: BNM Islamic Interbank Money Market (“IIMM”) rate on the outstanding balance (outstanding principal plus accrued profit) of the Facility

 

c) Post Judgement: BNM Islamic Interbank Money Market (“IIMM”) rate on the basic judgement sum of the Facility

Default Rate 1% p.a. in addition to the prescribed rate Not applicable
Commodity Trading Fee  Not applicable RM4.00 for every RM1.0 million of financing amount on a pro-rated basis
Stamp Duties Charges As per the Stamp Act 1949 As per the Stamp Act 1949
Legal Fees Not applicable Not applicable

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

Terms & Conditions

Terms & Conditions for SME GROW Loan - EN
Terms & Conditions for SME GROW Financing-i - EN

Product Disclosure Sheet

Product Disclosure Sheet for SME GROW Loan - EN
Product Disclosure Sheet for SME GROW Financing-i - EN
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