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A business financing product that offers micro credit opportunities to SMEs. 
Best used to maintain cash flow and enhance your business day-to-day. 

With Funding Societies Micro Financing, you can apply for a financing amount of up to RM200,000 with an interest rate of 0.8% - 1.5% per month with a tenure of up to 18 months. 

Once you have accepted our offer, we will credit the approved financing amount to you, with any fees deducted from the amount. 

To manage your repayment, the monthly installment is calculated as ‘P+I’ (principal + interest).

With Funding Societies, depending on the nature of your financing, you could apply for a tenure of 6, 9, 12, or 18 months. 

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 credit the disbursement into your designated business bank account and your repayment cycle shall begin the following month.

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

1. Utilisation Fee: 5% charged upon successful disbursement 

2. Guarantee Fee: 5% charged upon successful disbursement

No fee will be deducted if the offer is declined. The above terms are updated as of 15/3/2021, if you wish to opt for our previous product terms, please inform the key account manager during the application process. 

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

• Late Penalty Fee: RM200 per repayment cycle
• Late Interest Fee: 0.1% per day (non-compounded) on the amount in arrears

Early repayments are always encouraged, as SMEs are able to save more on interest. 

Early repayments are subjected to a 2% early repayment fee on the remaining principal amount to partially compensate our investors on the loss of their residual interest.