SME GROW Micro Financing

SME GROW Micro Financing

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

Cash to nurture and grow your start-up businesses

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Features & Benefits

Term Loan for Working Capital.

Loan Amount of RM 10,000 up to RM 100,000.

Guaranteed by Government-Funded Scheme

No Collateral Required.

Loan Tenure up to 3years

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 

SME GROW Loan - Fees & Charges

  • Early Settlement Fee is 2.94% 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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