Business Loan
Compare SME loans and microfinance schemes to get low interest rates for your working capital needs.
UOB BizMoney
Interest Rate
from 5% p.a.
min. RM1,000,000
Annual Turnover
SME Bank Business Accelerator Program
Interest Rate
from 4% p.a.
min. RM300,000
Annual Turnover
SME Bank Small Business Financing
Interest Rate
from 8% p.a.
min. RM150,000
Annual Turnover
RHB SME Online Financing
Interest Rate
from 8.45% p.a.
RM50k to RM25m
Annual Turnover
IVC Business Loan
Interest Rate
from 18% p.a.
min. RM120,000
Annual Turnover
HSBC Working Capital Term Loan for SME
Interest Rate
from 9.89% p.a.
min. RM500,000
Annual Turnover
Boost Bank SME Financing - Revolving Credit
Interest Rate
from 18% p.a.
RM -
Annual Turnover
Boost Bank SME Financing - Term Loan
Interest Rate
from 9.9% p.a.
RM -
Annual Turnover
Fundingbee
Interest Rate
from 12% p.a.
min. RM60,000
Annual Turnover
Bank Rakyat Skim Pembiayaan Mikro-i MEF
Interest Rate
from 8.25% p.a.
up to RM300,000
Annual Turnover
Bank Rakyat Skim Pembiayaan Mikro-i MUsk
Interest Rate
from 12.56% p.a.
up to RM300,000
Annual Turnover
BSN Microplus
Interest Rate
from 4% p.a.
RM -
Annual Turnover
Avex Credit
Interest Rate
from 12% p.a.
min. RM100,000
Annual Turnover
MIDF Soft Financing for Services Capacity Development (SFSCD)
Interest Rate
from 4% p.a.
min. RM200,000
Annual Turnover
MIDF Halal Accreditation and Technology Improvement (HATI)
Interest Rate
from 4% p.a.
min. RM200,000
Annual Turnover
MIDF Soft Financing Scheme for Automation and Modernisation (SFSAM)
Interest Rate
from 4% p.a.
min. RM200,000
Annual Turnover
MIDF SME Transformation Financing (SMETF)
Interest Rate
from 4% p.a.
min. RM200,000
Annual Turnover
MIDF Sustainable Green Biz Financing (SGBF)
Interest Rate
from 2% p.a.
min. RM200,000
Annual Turnover
MIDF/MBSB Women (Independent) Entrepreneurs (M-WiSE)
Interest Rate
from 3% p.a.
min. RM200,000
Annual Turnover
Alliance Bank Digital SME Loan
Interest Rate
from 5.9% p.a.
RM50k - RM30m
Annual Turnover
Agrobank Term Financing-i
Interest Rate
from 11% p.a.
RM -
Annual Turnover
Funding Societies SME Micro Financing/-i
Interest Rate
from 9.6% p.a.
min. RM60k
Annual Turnover
UOB BizMoney
No collateral business loan for working capital purposes with fast loan approval time and low interest rates for SME entrepreneurs.
Product summary
Tenure
Up to 5 years
Interest Rate
from 5% p.a.
Loan type
Unsecured loan
Interest Type
Flat interest rate
Approval in
5 days
Interest RateFeesRequirementsReview
Interest rates
How much the bank charges you based on your loan amount & loan period
You borrow | Loan period | Annual Sales Turnover | Interest Rate |
RM100,000 - RM1,000,000 | 18 to 60 months | min. RM1,000,000 | 5% p.a. |
Fees & Charges
Interest Rate / APR
As low as 5% p.a. depending on loan amount and period
Requirements
Minimum Annual sales turnover
RM1,000,000
Minimum Company Age
3 years
Malaysian Ownership
51% minimum
Who can apply
Malaysian Registered Companies.
More Information
What is UOB BizMoney?
UOB BizMoney is a small business loan opportunity for small or micro businesses that want to extend their reach and grow their companies.
It comes with a higher borrowing amount, with no requirements for collateral, and a competitive interest rate.
The application process is simple and you will not have a loan-processing fee, just some documentation requirements that need to be met.
Since there is no need for collateral you only need a guarantee from the shareholders or directors of your business.
UOB BizMoney also operates on a fast approval rate of only 5 working days.
How do my repayments work?
Your repayment will operate on a monthly basis over a tenure of your choosing. So you can select any loan period from 18 months up to 60 months.
The repayment amount will be based on your financing amount, between RM100,000 and RM1,000,000.
The starting interest rate offered by UOB BizMoney is 0.42% per month, which brings your annual interest rate to only 5% p.a. one of the lowest in the market.
How do I become eligible?
The UOB BizMoney is available to Sole Proprietors, Partnerships or Private Limited Companies, registered in Malaysia and controlled by Malaysian Citizens or Residents with PR with the exception of Singaporeans.
It is also required that your company has been in business for at least 3 years prior to application.
What do I need for the application?
You will need the following list of documents:
UOB BizMoney Application Form
Keyman Income - latest Borang B/BE (not more than 2 years)
Sdn. Bhd: Form 24 and 49. If change in shareholder, Annual Return/Form32A
Sole Proprietor & Partnership: Business Registration Certificate issued by Registrar of Companies (SSM)/Trading License (East Malaysia only)/Limited Liability Partnership Agreement (Limited Liability Partnership only)
IC/Passport of all Directors and Guarantors
3 years of Financial Reports (Audited/Management)
Latest 6 months' bank statements of the top 3 most active Current Accounts and all OD Accounts
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