- You Pay
- RM 89 /mth
- Interest Rate
- Total Interest Payable
- RM 70
- Total Repayment
- RM 1,070
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.
Transparent Pricing: We charge a one-off fee upon disbursement and regular interest rate. There are no hidden fees.
Find the best business loan with our comparison table, then click the Apply button of your preferred loan to leave your contact details.
Our friendly business loan consultant will call you. They will help to answer any questions and submit your application to bank.
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.
SME Micro Financing is a type of business loan designed for small and medium-sized enterprises in Malaysia. Offered by Funding Societies, it provides quick access to working capital with minimal paperwork, fast approval, and flexible repayment terms to support business growth.
Funding Societies offers micro financing for quick, hassle-free capital access, bypassing traditional banking delays. Their flexible solutions meet diverse needs like inventory purchases and equipment upgrades, ensuring operational efficiency. Understanding SME challenges, they offer a streamlined application process with less paperwork and faster approval, while transparent terms and competitive rates enable confident financial planning.
SMEs need agile financial solutions, and Funding Societies offers a strong alternative to traditional banks by providing a streamlined application process that speeds up access to funds through technology, reducing delays. It ensures transparency with clear terms and competitive rates without hidden fees. It delivers efficient service, competitive rates, flexible options, and transparent terms—an unmatched option for SME financing needs.
Funding Societies offers financing amounts ranging from RM3,000 to RM200,000 for eligible SMEs. The amount approved will depend on your business's financial health and creditworthiness.
Repayment terms range from 6 to 18 months, giving you flexibility based on your business cash flow. Interest rates are competitive and personalized based on risk assessment, typically starting from 0.8% - 1.5% per month.
Eligible businesses must be:
No, SME Micro Financing by Funding Societies is unsecured, meaning no collateral or guarantor is required. This makes it easier and faster for small businesses to obtain much-needed funds.
You’ll need the following documents for your application:
Approval can be as fast as 24 hours once all required documents are submitted. Upon approval, funds are typically disbursed to your business bank account within 5 working days.
Just like any other financing product, the following fees/charges will be applicable:
Utilisation Fee: 5% of the approved financing amount, deducted upon disbursement.
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:
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.
Startups must have at least 6 months of operating history to be eligible. If your startup is too new, you may need to consider alternative financing options or wait until your business is more established.
Yes, Funding Societies may perform a credit check as part of the application process. However, a soft inquiry is usually done first, and responsible borrowing can help improve your credit profile over time.
Yes. The platform is regulated by the Securities Commission Malaysia and uses advanced encryption for data security.
Funding Societies Malaysia is a reliable SME microfinancing option, offering accessible and efficient financial solutions. The streamlined application process speeds up funding, enabling quick opportunity access. Competitive interest rates and flexible repayment options support cash flow management, while transparency and strong customer support build trust. This makes Funding Societies Malaysia an essential partner in business success through microfinancing.
Apart from Funding Societies Business Financing, you can also apply for these business loans,