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Business Credit Line

Maximise Cash Flow For Legal Firms

  • Financing up to RM 200,000
  • Interest rates as low as 1% per month
  • No collateral required
Apply Now

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Business Credit Line is open to
  • Malaysian registered legal firm with a minimum of 2 partners and 30% owned by Malaysian
  • Minimum 12 months in operations
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Why Business Credit Line?

No Collateral Financing

We focus on your business potential and want to help you grow.

No Hidden Fees

What you see is what you get. Aside from what is displayed, there are no other fees or charges.

Quick Application

We have an online application that saves you the hassle of having to leave the comfort of home, or work.

Flexible Repayment

Flexible repayment tenures to suit your business needs.

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Apply for Business Credit Line

 

Why Funding Societies?

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Registered with Securities Commission Malaysia
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Largest SME
Digital Financing Platform
in Southeast Asia
money
Disbursed more than
RM 18 billion to over
5 million notes
human
More than 300,000
registered Investors
across SEA
safe
Investors' funds managed by Malaysian Trustees Berhad
We've got you covered

Not what you’re looking for?
We have other financing solutions available to serve your needs.

Check out our business solutions

Frequently asked questions
  • What is Business Credit Line?

    Business Credit Line as the name suggests is a collateral-free credit facility that is provided for local legal firms to utilise as and when needed. It allows legal firms to stay on top of their cash flow, have ready access to cash for inventory purchase, supplier payment or as an emergency fund

  • How does Business Credit Line work?

    Business Credit Line can offer you a credit line of up to RM200,000 with an interest rate of as as low as 1.0% per month . There is no collateral required. When your financing is approved, you will be given access to our Silk Road system to start your drawdowns and utilise your credit line.

  • How do I apply?

    If this is your first time with us, here is a run-through on the application process. 

    Step 1: Complete the Application form on our page

    Step 2: Submit all the documents required for this application

    • Certification of Registration from Bar Council

    • Latest Valid Practicing Certificate from Bar Council for the legal firm with partners in the list

    • Latest Valid Practicing Certificate from High Court for all the PGs

    • PII Policy / Cover Note

    • Copy of all Director(s) NRIC/Passport

    • Latest 6-months Bank Statement

    • Latest Audited Accounts & Management Accounts (if available)

    We may request additional documents to support your application.

    Step 3: We will send you an email confirmation regarding financing approval after reviewing your documents

    Step 4: Once you have accepted our financing offer, you will be able to start utilising the credit facility within 7 working days.

  • Are there any fees and charges?

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

    Facility fee : One-off 2% of the approved loan amount

    Utilisation fees per drawdown : 0.60% of each Utilised Amount

  • What if I can’t make my payments on time?

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

    Late Payment Interest : 0.10% per day calculated on daily basis

  • What is Silk Road?

    Silk Road is a digital financing system developed by Funding Societies. Through Silk Road, you may view your facility details and manage your facility usage (e.g. withdrawals). Additionally, you may also view your drawdown and financing status via Silk Road.