SME Micro Financing

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.

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

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.

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.

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 RM3,000 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.

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)

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

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.

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.

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

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.

Applying for SME Micro Financing has never been this easy and convenient. Click the link below or ‘WhatsApp Us’ 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.