Interest as low as 1% per month
Financing facility limit up to RM500,000
Financing up to 85% of the vehicle purchase or market value
Financing period up to 90 days
Sole proprietorship, partnership, limited liability partnership, a private limited company (non-subsidiary of a listed company) or unlisted public limited company registered with SSM
Minimum 30% local shareholding by Malaysians
Minimum 1 year in operations
Ready for instant utilisation upon facility activation, anytime and anywhere.
Enjoy the online application process from the comfort of your home or office.
Daily interest calculation with no early repayment fees to minimise cost.
Costs and fees are disclosed upfront, only charged on a success basis.
Complete the application form, it will only take a few minutes. Prepare a digital copy of all Director(s) NRIC/Passport beforehand as you will need to upload it.
We will review your application and make an offer within two (2) working days. During this time, we may request additional documents or information to support your application.
Once you have accepted our offer, we will activate your financing facility and grant you access to our system, Silk Road, where you may begin your drawdown process immediately.
Registered with Securities Commission Malaysia
Largest SME Digital Financing Platform in Southeast Asia
Disbursed more than
RM 10 billion to over
5 million notes
More than 200,000
Investors' funds managed
by Malaysian Trustees Berhad
Not what you’re looking for?
We have other financing solutions available to serve your needs.
Dealer Financing is a tailored financing solution specially designed for used car dealerships in Malaysia. This method of financing is ideal for dealerships in need of optimising their cash flow by financing their purchases.
With Funding Societies, you may be approved a facility limit of up to RM500,000 which you may utilise at any time.
The interest of 1% per month is calculated on a daily basis, which means that you will only be charged for the number of days your financing is ongoing with us.
Additionally, you will have access to our online supply chain financing system, Silk Road, to manage your financing facility with us.
With Funding Societies Dealer Financing, every utilisation is subject to a tenure of 90 days from the date of disbursement.
Just like any other financing product, the following fees/charges will be applicable:
Facility Fee / Up-Limit Fee: Up to 2% of the approved/increased limit of the financing facility (one-off)
Utilisation Fee: RM 300 per motor vehicle
Variation Fee: RM 500 per amendment or variation of the Letter of Offer or Facility Agreement
Panel Fee: RM 500 per annum, payable every 31st March (calendar year basis)
Please take note that the above are the common fees/charges of Dealer Financing which serves as a guide, subject to change from time to time.
For more accurate and updated fees/charges, kindly check with us.
If you are late in making your repayments, the following fees/charges will be imposed:
Late Penalty Fee: RM250 per 7 calendar day
Late Interest Fee: Up to 0.1% per day (non-compounded) on the amount in arrears
Of course! If you choose to settle the financing early, there are NO early settlement fees or charges imposed!
+65 6221 0958
112 Robinson Road
+603 2202 1013
Unit 15.01 & Unit 15.02,
Level 15, Mercu 3,
KL Eco City, Jalan Bangsar,
59200 Kuala Lumpur
+66 93 139 9721
No. 188, Spring Tower,
11th Floor, Phayathai Road,
Thung Phaya Thai Sub-district,
(+84) 28 7109 7896
2/F Sonatus Building,
15 Le Thanh Ton,
Ben Nghe Ward,
Ho Chi Minh City, Vietnam
Registered with Securities Commission Malaysia.
Modalku Ventures Sdn Bhd 201601019329 (1190266X)
© 2020 Modalku Ventures Sdn Bhd. All rights reserved.
Funding Societies is a SME Digital Financing Platform registered with Securities Commission Malaysia. It does not fall under the jurisdiction of Bank Negara Malaysia. Therefore, financing products of Funding Societies should not be constructed as business loan, SME loan, micro loan, term loan or any other loans offered by banks in Malaysia and it is to be deemed as an investment note as defined in the Guidelines on Recognised Markets.
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