Business Term Financing/-i

Unlock your
business growth

with Quick Capital Injection

  • Financing up to RM 500,000

  • Rates between 1.0% - 1.5% per month

  • Tenure up to 18 months

  • No collateral required

  • Shariah financing available

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FS Term Financing/-i is open to

  • Sole proprietorship, partnership, or private limited companies registered with SSM

  • Minimum 30% local shareholding

  • Minimum RM60,000 revenue per annum (or RM5,000 per month)

  • Minimum 6 months in operations

 

Got questions? Click the floating bubble at the bottom of your screen to chat with us!

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The Financing solution to
grow your business

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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Application Journey

1

Check Eligibility

Leave your contact information. Our team will contact you within 2 working days.
Then, prepare the following documents:

  • Copy of all Director(s) NRIC/Passport
  • Latest 6 months' bank statements, and
  • Latest Audited Accounts & Management Accounts
2

Financing Application

Submit your documents for us to review, we may request additional documents to support your application.

3

Financing Offer & Disbursement

We aim to revert to you within five (5) working days upon collection of full and complete documents. Once approved and accepted, we will disburse the funds upon successful completion of the investment process.

Why Funding Societies?

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Registered with
Securities Commission Malaysia

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Largest SME digital financing platform in Southeast Asia

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Disbursed more than
RM 18 billion to over
5 million notes

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More than 300,000
registered Investors
across SEA

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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 Term Financing/-i?

    Business Term Financing (BTF) is an unsecured (no collateral needed) business financing product for SMEs to enhance and grow their businesses. We offer both Business Term Financing (conventional) and Business Term Financing-i product based on the business activities and needs of the SMEs.

  • How does Business Term Financing/-i work?

    With Funding Societies Business Term Financing/-i, you can apply for a financing amount of up to RM500,000 subject to an interest rate (for conventional) / profit rate (for Islamic) of 1.0% - 1.5% per month and a credit period of up to 18 months. 

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

  • How long is the tenure?

    For Business Term Financing/-i there is a flexible financing tenure of up to 18 months. This is calculated based on your financing amount and repayment capability.

  • 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

    • Company Registration Forms
    • Copy of all Director(s) NRIC/Passport
    • Latest 6-months Bank Statement
    • Latest Audited Accounts & Management Accounts (if available)

    Step 3: Wait for your email confirmation for financing approval

    Step 4: Accept our financing offer (If you’d like)

    We will credit your money into a designated business bank account and begin your repayment cycle in the next following month.

  • Are there any fees and charges?

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

    Business Term Financing
    Origination Fee: 4% of the approved financing amount, deducted upon disbursement.

    Business Term Financing-i
    Drawdown Fee: 4% of the approved financing amount, deducted upon disbursement.

  • 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:
    Business Term Financing
    Late Penalty Fee: RM500 per repayment cycle
    Late Interest Fee: 0.1% per day (non-compounded) on the amount in arrears

    Business Term Financing-i
    For default payment before maturity date: 1.00%  per  annum will be imposed on the overdue instalments/payments.
     
    For default payment after maturity date: 10.00%  per  annum  will be imposed  on  the  outstanding instalments/payments.

  • Can I make an early settlement?

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

    For Business Term Financing (Conventional), the 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.

  • What criteria can I use to determine whether my business is eligible for Business Term Financing-i?

    If your core business involves the trading of:

    • alcohol;

    • gambling;

    • pornography;

    • tobacco and dangerous drugs;

    • entertainment-related companies – such as karaoke lounges serving alcohol, film production houses producing mainly illicit movies, cinemas that typically screen entertainment-related movies;

    • pork and its by-products;

    • food items that are prohibited under the teaching of Islam such as frogs, snakes, crocodiles;

    • shariah non-compliant massage parlours that allow treatment from the opposite gender;

    • prostitution;

    • interest-based lending, including credit sales with interest charges;

    • conventional insurance and unit trust agencies; and/or

    • production and distribution of idols, statues, and materials and places for worshipping other than Allah

    You may not be eligible for Business Term Financing-i.