RHB SME Business Loan

  • Interest Rate
    5.29% p.a. ~ 5.29% p.a.
  • Max. Loan Amount
    RM 5,000,000
  • Approval Duration
    5 Working Days

Calculate your loan repayment instantly

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

More details

  • icon Features Features

    Approval Duration
    5 Working Days
    Min. Loan Amount
    RM 50,000
    Max. Loan Amount
    RM 5,000,000

    Other features

    Min. Loan Tenure
    1 years

  • icon Eligibility/Documents Eligibility/Documents

    Age Requirement
    18-60 years old
    Min. Monthly Business Sales
    RM 0

    Other eligibility requirements

    Main Bank Statement
    Most recent 6 month statement
    NRIC
    Copies of NRIC of all directors/shareholders (For Companies) or Owners/Partners (For Individuals)

  • icon Fees and charges Fees and charges

    Other fees and charges

    Late Payment Charges
    N/A
    Early Settlement
    N/A
    Other Fees
    N/A
Last updated: Sep 19, 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

  • The RHB Sme Online offers a flexible tenure repayment between 6 to 84 months, with a financing amount up to RM1,000,000, subject to further verification and assessment by us.

    If you are interested, calculate and adjust this loan here.

  • The minimum you can borrow from this loan is RM50,000 and the maximum is RM5,000,000. It varies depending on the state of your business.

  • You can expect to receive your funds within five (5) working days after you have been approved by RHB.

  • No collateral is required for this loan.

  • Yes, the following positions must be the guarantor(s) for the financing:

    1. Director(s) and shareholder(s) for Sdn Bhd
    2. Owner(s) for Sole Proprietors.
    3. Business Partner(s) for Partnerships.

  • You are encouraged to take up Personal Smart Shield Plus (PSS) as protection for the financing. Quotations will be provided to you if you agree to take the protection. 

  • To apply and qualify for this business loan, your business must meet the requirements such as:

    1. Business directors/ shareholders/ partners/ owners are Malaysian residents
    2. Business directors/ shareholders/ partners/ owners will be acting as guarantors for this financing
    3. None of the business directors/ shareholders/ partners/ owners are immediate family members of an RHB employee
    4. Your youngest directors/ shareholders/ partners/ owners is below the age of 69 years old at the end of the tenure of your financing
    5. Your annual revenue in the latest financial year is RM350K to RM50mil
    6. Your business is in the wholesale, retail manufacturing, or business services sector
    7. You intend to use this financing to fund your working capital needs

  • First, you would need to prepare the following documents:

    1. Latest 6-month bank statement
    2. Copy of NRIC of all Business Owners

     

    Once approved, you can prepare the documents below for site visit purposes:

    1. Latest 6-month bank statement
    2. Copies of NRIC of all directors/shareholders (For Companies) or Owners/Partners (For Individuals).

     

    There are also other charges that you might need to pay:

    1. Stamp Duty 
    2. Cancellation Fee of RM100 (if you choose to cancel the application after it has been approved)
    3. Insurance Premium (if you agree to take up PSS)

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