Micro Credit Line

Have ready access to cash for inventory purchase, supplier payment or as an emergency fund.
Apply for the facility now and drawdown anytime.

  • Facility limit up to RM100,000

  • Facility limit re-credited upon full settlement

  • Serve interest and fee on a monthly basis

  • No collateral required

Micro Credit Line (Lazada)-3

 

Collaborative Partnership With

93ffde42f2228dfe9fc26e5b3969d24ddf3268a6835505749525e1f8f608ae76-1

 

Why Micro Credit Line?

Fast

Request a withdrawal and receive financing in 2 working days

Transparent

No hidden fees. Pay interest of
1.5% p.m. and fee of 1% on the
approved withdrawal amount

Simple

100% online application and withdrawal process. Min documents required

Flexible

Plan your cash flow and repay the principal according to your cash flow cycle.

micro-credit-line-lazada-icon-v1

How Micro Credit Line Works:

1
Onboarding

Complete the application form and receive the approval within 3 working days*. E-sign the agreement upon approval.

2
Withdrawal

Submit your withdraw request at any time within the availability period and receive the financing within 2 working days*

3
Repayment

Plan your repayment schedule based on your cash flow cycle. Your credit line will be re-credited upon full settlement of the principal and interest.

4
Withdraw Again

Submit your next withdrawal request as long as you have sufficient facility limit*

Micro Credit Line is open to

  • SSM registered business/company
  • Minimum 30% local shareholding by Malaysians
  • Minimum RM5,000 in company revenue per month
  • Minimum 6 months in operations
micro-credit-line-lazada-icon-v2

 

Our Customer Success Stories

micro-credit-line-lazada-customer-success-story

“As a growing company that offers home and business security solutions, we need financing to maintain cash flow in order to cover a variety of business expenses, including long payment terms for our clients. We are very grateful to Funding Societies for providing short-term financing solution to us when we need it the most, helping us to improve our cash flow and grow our business further.”

Ben Zainal, Heron Solutions

Why Funding Societies?

lock icon
Registered with Securities Commission Malaysia
handshake icon-2
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 Micro Credit Line?

    A micro-credit financing that offers opportunities to SMEs to stay on top of their cash flow and provide a back-up plan as they need.

  • How does Micro Credit Line work?

    With Funding Societies Micro Credit Line, you can apply for a financing amount of up to RM 100,000 with an interest rate of up to 1.5% per month and 1% of Processing Fee on the utilised amount. Processing Fee will be charged upon successful disbursements and monthly on the utilised amount. 

    Once you have accepted our offer, you will receive a credit line to drawdown within the availability period. We will provide you with access to our Silk Road platform for you to submit your drawdown request. You can refer to the Silk Road user manual that will be shared to your email after you have successfully onboarded with us. You can also enjoy flexible principal repayment structure by planning your repayment schedule based on your cash flow cycle. Your credit line will be re-credited upon full settlement of the principal and interest.
     

    *"Processing Fee" is referred to as the "Utilization Fee" in the Financing Documents”

  • What is the availability period?

    Availability period is the period for you to drawdown from the credit line we have approved. Typically, it is 12 months from the execution date of the financing agreement

  • How does the repayment work?

    With Funding Societies Micro Credit Line, you get to enjoy flexible principal repayment schedule.
    There are two options for flexible principal repayment schedule which are Principal Repayment and Rollover.


    (i) Principal Repayment: You can settle the loan by paying the Principal amount and total Interest due before/on the loan due date via Instant Transfer. The early you make the settlement, the more interest you can save and there are no early settlement fees or charges imposed.

    (ii) Rollover: You can rollover the principal repayment to next month by paying the monthly Interest due and the respective monthly Processing Fee only. The Interest and Processing Fee is deducted via direct debit mandate on the due date.

    *"Processing Fee" is referred to as the "Utilization Fee" in the Financing Documents

  • 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 the documents required for the application

    • Copy of all Director(s) NRIC/Passport
    • Latest 6-months Bank Statement
    • Latest 2 years personal Income Tax Assessment (Optional)


    Step 3: Check your email for updates on your financing application

    Step 4: Accept the approved financing offer from us (if you’re agreeable to the terms)

    We will walk you through how to use our Silk Road platform to claim your financing by sending you a user manual via email.

  • Are there any fees and charges?

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

    • Processing Fee: 1% of each withdrawal amount which is payable on monthly basis on each due date. (Processing fee on each new drawdown will be deducted upon disbursement)
    • Annual Fee: 1% of the total facility amount. Paid one-off upon acceptance of our offer. 

     

    *"Processing Fee" is referred to as the "Utilization Fee" in the Financing Documents
    *"Annual Fee" is referred to as the "Facility Fee" in the Financing Documents

  • 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 Penalty Fee: RM250 per 7 calendar day

    • Late Interest Fee: Up to 0.1% per day (non-compounded) on the amount in arrears

  • Can I make an early settlement?

    Yes, you can settle your loan any time you prefer without paying an early settlement fee.

  • How and where should I submit my withdrawal request?

    You can submit your withdrawal request via our digital platform - Silk Road. More details about the platform would be provided upon onboarding

  • What is a Withdrawal?

    Withdrawal or drawdown means a submission of request for financing from the platform.

    Please be informed that you can submit up to 2 withdrawal requests per month with a min amount of RM5,000 per withdrawal.

  • 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.

* Terms and conditions apply.