Solution for business owners to grow your business

Fast

Approval within 3-4 working days. In both conventional and Islamic

Affordable

Interest/profit rate of 0.8% to 1.5% per month. Flexible tenure up to 18 months

No hidden fees

Application is free, no upfront payment or deposit required

Convenient

Available across Malaysia, 100% online. No collateral required

Our Promise

Applying for a loan can be stressful. We’re here to help.

You are Our Priority

We aim to best address your financing needs, only working with reputable and licensed financiers

Convenience

Helping you from A-Z with our dedicated loan consultants. Know your approval result as fast as 3 working days & receive your funds as fast as 2 working days*

Transparent

Transparent rate with no hidden fees or upfront costs.

Free

Our services are 100% free. We don’t take any upfront fees from you at any time.

Documents Required*

  • NRIC (front & back)
  • Latest 6 months bank statement

*Additional documents may be required for partnership & Sdn. Bhd. company

Loan Eligibility

  • Sole Proprietorship, Partnership or Private Limited Company
    (Sdn. Bhd.) registered with SSM or local authorities (Sabah & Sarawak) 
  • Minimum 6 months in business operations
  • Minimum business income or revenue of RM3,000 per month
  • No pending or outstanding legal action
  • Not bankrupt

How to apply for SME Micro Finance

What our Happy Customers Say

You could be next

Frequently Asked Questions

What is this SME Micro Financing about?

A financing product that offers micro credit facility to SMEs, to boost cash flow for business expansion and working capital needs.

This SME Micro Financing is provided by Direct Lending’s business partners (licensed lender or financier). Application via Direct Lending is 100% free, no upfront payment or deposit is required.

You may apply for either Islamic or conventional financing.

How much is the interest rate / profit rate charge?

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

What are the fees or costs involved for this SME Micro Financing?

The application is 100% free and no upfront payment or deposit is required.

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

How much can I borrow and for how long?

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

What is the requirement to apply for SME Micro Financing?

You are eligible to borrow with:

  • A business entity registered with SSM or local authorities (Sabah & Sarawak) as:
    • Sole proprietorship/ enterprise;
    • Partnership / Limited Liability Partnership (LLP); or
    • Private Limited Company (Sdn. Bhd.)
  • Minimum 6 months in business operations;
  • Minimum business income or revenue of RM5,000 per month;
  • No pending or outstanding legal action; and
  • Not bankrupt

You are not able to apply for Islamic SME Micro Financing if your business involves trading of the following:

  1. Alcohol;
  2. Gambling;
  3. Pornography;
  4. Tobacco and dangerous drugs;
  5. Entertainment-related companies – such as karaoke lounges serving alcohol, film production houses producing mainly illicit movies, cinemas that typically screen entertainment-related movies;
  6. Pork and its by-products;
  7. Food items that are prohibited under the teaching of Islam such as frogs, snakes, crocodiles;
  8. Shariah non-compliant massage parlours that allow treatment from the opposite gender;
  9. Prostitution;
  10. Interest-based lending, including credit sales with interest charges;
  11. Conventional insurance and unit trust agencies; and/or
  12. Production and distribution of idols, statues, and materials and places for worshipping other than Allah

To apply, click here.

What documents do I need to prepare to apply for SME Micro Financing?

Compulsory Documents

  • A copy of NRIC (front & back):
    • Sole proprietorship – Owner
    • Partnership / Limited Liability Partnership – All partners
    • Sendirian Berhad – All directors
  • Latest 6 months bank statement (must be original copy in PDF, scanned/screenshot/picture not acceptable)

Optional Documents

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

Do I need to provide any collateral or guarantor to apply for SME Micro Loan / Financing (Islamic or Conventional)?

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

How long is the process?

You would receive an approval within 3 working days upon full documents submission. Receive your financing within 2 working days upon signing of agreement via online.

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.

Can I make an early settlement?

Islamic SME Micro Financing

Yes, you can make an early repayment.

Conventional SME Micro Loan / Financing

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

What if I can’t make my payment on time?

Islamic SME Micro Financing

If you are late in making your repayments, the following fees/charges will be imposed:

  • Up to 10% p.a. of Late Payment Charges [consist of 1% p.a of Compensation (Ta’widh) and 9% p.a. of Penalty (Gharamah)] on the overdue payment & shall not be compounded.

Conventional SME Micro Financing

If you are late in making your repayments, the following fees/charges will be imposed:

  • Late Penalty Fee: RM200 per repayment cycle
  • Late Interest Fee: 0.1% per day (non-compounded) on the amount in arrears

Who is Direct Lending? Why should I apply my loan through Direct Lending?

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 and licensed lenders or financiers.

Our service is 100% FREE and will not require any payment from our customers at any time. Direct Lending has over 2,700 reviews rated 5-stars by our customers on our Google Business Page and Facebook.

How do I apply for a SME Micro Financing online?

Applying for SME Micro 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 application from A-Z.

Application is 100% free, no upfront payment or deposit is required. No hidden fees. To apply for a business loan / financing, click HERE.

* Terms & Conditions apply. This SME MicroFinancing is provided by our business partners (licensed lender or financier). Application via Direct Lending is 100% free, no upfront payment or deposit is required. As a representative illustration, for a RM100,000 financing amount applied for 12 months at an annual interest / profit rate of 18%, the total repayment amount at the end of the tenure is RM118,000.