Alliance Digital SME Business Loan

  • Interest Rate
    5.90% p.a. ~ 13.78% p.a.
  • Max. Financing Amount
    RM 200,000
"Get convenient financing for your business. Explore collateral-free financing options designed to help you quickly and easily access the funds you need"

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Calculate your financing repayment instantly

RM
year(s)
RM
You Pay
RM 89 /mth
Interest Rate
Total Interest Payable
RM 70
Total Repayment
RM 1,070

Key Features

Get approved in just three steps. 1 document to apply online, no branch visits required

Get approved in just three steps. 1 document to apply online, no branch visits required

Collateral-free financing up to RM200,000, tenure up to 5 years.

Collateral-free financing up to RM200,000, tenure up to 5 years.

Collateral-free financing up to RM200,000, tenure up to 5 years.

Apply and enjoy a flat-rate interest as low as 5.90% p.a.

More details

  • icon Features Features

    Min. Financing Amount
    RM 20,000
    Max. Financing Amount
    RM 200,000

    Other features

    Transparent pricing
    No hidden fees & charges
    Early Settlement
    Redemption & prepayment are allowed
    Lock-in Period
    No lock-in period

  • icon Eligibility/Documents Eligibility/Documents

    Min. Monthly Business Sales
    RM 4,167

    Other eligibility requirements

    Business Registration
    Business entity is registered in Malaysia
    Year of Operation
    Minimum 1 year
    Annual Revenue
    Min RM50,000 per year
    Ownership
    Company director/shareholder to apply
    Shareholding
    Minimum 51% shareholding by Malaysians for loan application above RM200k.
    Loan Guarantor
    All company shareholders/ directors are required
    NRIC (Malaysian) / Passport (Non-Malaysian)
    Your NRIC (front and back) and selfie
    Bank Statements
    Latest 6 months company bank statement (PDF format)
    SSM
    New 12-digit SSM business registration number

  • icon Fees and charges Fees and charges

    Stamp Duty
    Stamp Duty 0.5% of loan amount.

    Other fees and charges

    Documentation Fee
    Documentation fee of RM500 if loan amount > RM100K.
    Interest on Late Payment
    1% p.a. above the effective rate on any portion of principal and/ or interest and/ or any other sums that is overdue
    Stamping Fee
    Stamping fee of RM10 if involved Letter of Guarantee.
Last updated: Oct 17, 2022

How do you apply for a business loan online?

Step 1 Image

Step 1

Find the best business loan with our comparison table, then click the Apply button of your preferred loan to leave your contact details.

Step 2 Image

Step 2

Our friendly business loan consultant will call you. They will help to answer any questions and submit your application to bank.

Step 3 Image

Step 3

After your loan application is submitted to the bank, a representative from the bank will call you and get your loan approved in 5-7 business days.

Review by iMoney

Apply for Alliance Digital SME business loan now! Get financing up to RM 200,000 with no collateral required. 
* Terms and conditions apply

    • This is a Term Loan (TL) facility to assist small and medium enterprise with viable business and project but lack of collateral to obtain financing
    • The purpose of this facility is to finance your general working capital requirement
  • Total Financing Amount ≥RM20,000 – RM200,000
    Financing Tenure Min: 1 years
    Max: 5 years
    Bank’s Pricing *5.90% - 13.78% p.a. flat
    Effective Interest Rate p.a 10.91% - 24.05%


    *Subject to meeting Bank’s prescribed eligibility criteria

  • Monthly instalment:- Based on the total amount applied inclusive of interest

  • Total Financing Amount ≥RM20,000 – RM100,000
    Documentation Fee Waived
    Stamp Duty As provided in the Stamp Duty Act 1949 (Revised 1989)
    • Interest on Late Payment 1% p.a. above the effective rate on any portion of principal and/ or interest and/ or any other sums that is overdue.
    • Right to set-off: - Alliance Bank has right to set-off any credit balances in deposit account/s to regularise the
      arrears in the loan account with prior notice of at least seven (7) calendar days.
    • Alliance Bank has the right to commence legal action against you and Guarantor (if any).
    • Other key terms and conditions: Please refer to the “Standard Terms and Conditions for Credit Facilities”.
    • Redemption & Prepayment is allowed
    • No lock-in period

  • The Keyman insurance coverage is optional.

  • If you do not honour your repayment obligation, in addition to the outstanding amount due, you will be liable for all costs and expenses incurred for the legal action to be taken against you.

    If you have any problems meeting your loan obligations, contact us earlier to discuss repayment alternatives.

    • Collateral: - No collateral is required.
    • Guarantor: - Subject to discretion and credit evaluation by Alliance Bank. (For loan application amount of RM200,000 and below, all company shareholders are required to be guarantor.)

  • Apart from Alliance Digital SME Business Loan, you can also apply for these business loans,

    1. Funding Societies Business Financing

  • Should you require additional information about our facilities and services, you may contact the bank directly or visit the Alliance bank website.

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