Funding Societies Business Financing

  • Interest Rate
    9.60% p.a. ~ 18.00% p.a.
  • Max. Financing Amount
    RM 100,000

Calculate your financing repayment instantly

RM
RM
You Pay
RM 89 /mth
Interest Rate
Total Interest Payable
RM 70
Total Repayment
RM 1,070

Key Features

Fast: Quick online application and approval within 2 working days. Fast disbursement of financing within 24 hours of approval.

Fast: Quick online application and approval within 2 working days. Fast disbursement of financing within 24 hours of approval.

Simple Documentation: You only need to have 3 basic business documents at hand, for your financing application.

Simple Documentation: You only need to have 3 basic business documents at hand, for your financing application.

Simple Documentation: You only need to have 3 basic business documents at hand, for your financing application.

Transparent Pricing: We charge a one-off fee upon disbursement and regular interest rate. There are no hidden fees.

More details

  • icon Features Features

    Min. Financing Amount
    RM 3,000
    Max. Financing Amount
    RM 100,000

    Other features

    No Collateral
    We focus on your business potential instead of your assets.

  • icon Eligibility/Documents Eligibility/Documents

    Min. Monthly Business Sales
    RM 2,500

    Other eligibility requirements

    Shareholding
    Min 30% Malaysian registered company
    Entity Type
    SSM registered company / Registered with Sabah & Sarawak authority
    Year of Operation
    Min 6 months
    Annual Revenue
    Min RM30,000 per year
    Legal Action
    No pending/outstanding legal action
    Bankruptcy/Litigation
    Bankruptcy settled for more than 24 months; and Litigation settled for more than 12 months
    CCRIS data
    Not blacklisted by banks and Constant repayment record in the past 6 months (i.e. house loan, car loan, personal loan, and credit card)
    NRIC (Malaysian) / Passport (Non-Malaysian)
    For all Directors and Personal Guarantors
    Bank statements (latest 6 months)
    Capturing at least 80% of sales
    Personal tax (Optional)
    2 years income tax assessment

  • icon Fees and charges Fees and charges

    Other fees and charges

    Utilisation Fee
    5% of financing amount (inclusive of any stamp duty charges), charged upon successful disbursements
    Guarantee Fee
    5% of financing amount, it is a fee payable to FS Capital Sdn Bhd (Company No. 201631787R) which is chargeable to the Issuer for the Guaranteed Investment Note product
    Prepayment Fee
    2% on prepaid principal amount
    Penalty Fee (for late repayment)
    RM500 per 30 calendar days
Last updated: Apr 22, 2022

How do you apply for a business loan online?

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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.

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Step 2

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

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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 a Business Financing with Funding Societies now! With Financing Up to RM 100,000, No Collateral Required.

  • A business financing product that offers micro credit opportunities to SMEs. 
    Best used to maintain cash flow and enhance your business day-to-day.

  • With Funding Societies Micro Financing, you can apply for a financing amount of up to RM100,000 with an interest rate of 0.8% - 1.5% per month with a tenure of up to 18 months. 

    Once you have accepted our offer, we will credit the approved financing amount to you, with any fees deducted from the amount. 

    To manage your repayment, the monthly installment is calculated as ‘P+I’ (principal + interest).

  • With Funding Societies, depending on the nature of your financing, you could apply for a tenure of 6, 9, 12, 18 months. 

  • Just like any other financing product, the following fees/charges will be applicable: 

    1. Utilisation Fee: 5% of the approved financing amount, deducted upon disbursement. 

    2. Guarantee Fee: 5% of the approved financing amount, deducted upon disbursement.
       

    No fee will be deducted if the offer is declined. The above terms are updated as of 15/3/2021, if you wish to opt for our previous product terms, please inform the key account manager during the application process. 

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

    • Late Penalty Fee: RM500 per repayment cycle
    • Late Interest Fee: 0.1% per day (non-compounded) on the amount in arrears

  • Early repayments are always encouraged, as SMEs are able to save more on interest. 

    Early repayments are subjected to a 2% early repayment fee on the remaining principal amount to partially compensate our investors on the loss of their residual interest.  

  • Apart from Funding Societies Business Financing, you can also apply for these business loans,

    1. Alliance Digital SME Business Loan