SME Micro Loan / Financing

A financing product that offers micro credit opportunities to SMEs, to boost cash flow for business expansion and working capital needs. This financing is provided by Funding Societies Malaysia. 

The interest rate is 0.8% to 1.5% per month, subject to approval.

The application is free and no upfront payment is required.

There will be a 10% processing fee (inclusive of stamp duty & guarantee fee), deducted upon disbursement from the loan/financing amount.

The amount of financing that you are eligible to borrow would depend on a few factors such as your business income, current debt commitment and credit history. The maximum loan amount is up to RM200,000 with flexible loan tenors between 6 months up to 18 months.

You are eligible to borrow with:

• A registered business entity under these categories: sole proprietorship, partnership, limited liability partnership (LLP), private limited (Sdn. Bhd.) or unlisted public limited (Berhad)
• Minimum business income or revenue of RM5,000 per month
• Minimum 6 months in business operations
• Minimum 30% local shareholding by Malaysians
• No pending or outstanding legal action
• Not bankrupt

To apply, click HERE.

Compulsory Documents

• A copy of NRIC (front & back): Sole proprietorship (owner), Partnership / Limited Liability Partnership (ALL partners), Sendirian Berhad / Berhad (ALL directors)
• Latest 6 months bank statement (in PDF)

Optional Documents

• Business license
• Personal income tax assessment (latest 2 years)

SME Micro Loan / Financing is a type of unsecured loan. This means that you do not need to provide any collateral.

You would receive an approval within 3-4 working days upon full document submission. Loan disbursement within 2 working days. 

Note: Every reasonable effort has been made to ensure that the turnaround time is adhered to but the timeline may still be subject to change depending on various circumstances including but not limited to the completeness of information furnished by the applicant.

Yes, you can make an early repayment. An early repayment is subjected to a 2% early repayment fee on the remaining principal amount.

Direct Lending is a personal and business lending platform to help individuals or SMEs to search, compare and apply for financing that is most suitable for them. We only partner with trusted lenders or financiers. For this SME Micro Loan / Financing, we partnered with Funding Societies Malaysia which is recognised and regulated by the Securities Commission Malaysia. 

Our service is 100% FREE and will not require any payment from our customers at any time. Direct Lending has over 1,000 reviews rated 5-stars by our customers on our Google Business Page and Facebook.

Applying for SME Micro Loan / Financing has never been this easy and convenient. Click the link below or ‘Chat on WhatsApp’ icon through our platform and we will assist you to receive financing for your business needs. Our dedicated experienced consultant or the officer from the lender will then be in contact and assist you with your SME Micro Loan / Financing application from A-Z.

Apply for 100% free. No hidden charges or processing fees. To apply for a business loan / financing, click HERE.