Banner — SME Working Capital
SME Working Capital
Unsecured working capital for registered businesses trading for two years or more. We enquire on the business and on each director, so the assessment reflects the whole picture.
Rate
From 11.5% p.a.
Amount
RM 20,000.00 – RM 500,000.00
Tenure
12 – 48 months
Rate type
Reducing balance
Who can apply
Malaysian citizens and permanent residents
Aged 21 to 65 at application
Minimum income RM 0.00 per month
CTOS Score of 650 or above
Debt service ratio at or below 75.0%
No undischarged bankruptcy
Applications scoring between 580 and 649 are referred to an underwriter rather than declined outright.
What to have ready
SSM Form 9 / 24 / 49 or Superform
Certified extract, dated within the last six months.
Required
6 months bank statements
Business account, not personal.
Required
Latest audited accounts
Most recent financial year.
Required
Directors' NRICs
One file per director. ZIP archives cannot be scanned.
Required
Fees & charges
| Item | When it applies | Amount |
|---|---|---|
| Processing fee | Deducted at disbursement | 2.0% of principal |
| Stamp duty | Statutory, on the agreement | 0.5% of principal |
| Late payment charge | Instalment overdue | 1.5% per month on arrears |
| Early settlement | Any time before maturity | Pro-rata less 1 month profit |
| Processing fee | Deducted at disbursement | 2% |
| Stamp duty | Deducted at disbursement | 0.5% |
| Late payment charge | On any instalment past its due date | 1.5% |
| Early settlement | On full settlement before maturity | RM 0.00 |
| Statement reprint | Per additional copy requested | RM 0.00 |
Repayment illustration
| Amount | 12 months | 18 months | 24 months | 36 months | 48 months |
|---|---|---|---|---|---|
| RM 20,000.00 | RM 1,772.30 | RM 1,215.00 | RM 936.81 | RM 659.52 | RM 521.78 |
| RM 260,000.00 | RM 23,039.91 | RM 15,795.01 | RM 12,178.48 | RM 8,573.76 | RM 6,783.14 |
| RM 500,000.00 | RM 44,307.53 | RM 30,375.02 | RM 23,420.16 | RM 16,488.00 | RM 13,044.50 |
Monthly instalment at 11.5% p.a. on a reducing balance balance. Indicative only. Subject to credit assessment.
Questions about this product
No questions published for this product yet
Your estimate
RM 6,783.14
per month over 48 months
RM 260,000.00
48 months
Takes about 5 minutes. A CTOS enquiry is made only after you consent.
FromRM 6,783.14
Apply now