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This is a micro term financing product designed especially for Malaysian SMEs for their working capital needs, productive asset purchases, and/or business growth requirements. No collateral is required.
As long as your company is an entity registered with SSM with a minimum of 30% Malaysian-shareholding and is not a subsidiary of nor is not a listed company, your company is eligible to apply for this product.
Note: Funding societies may request for additional documents to support your financing application where applicable.
Financing Amount
Up to RM50,000.00 for eligible Malaysian-based companies.
Up to RM200,000.00 for eligible Malaysian-based private limited companies.
Financing Tenure
Up to 18 months for eligible Malaysian-based companies.
Interest Rate
0.8% to 1.5% per month
Application Fee
Funding Societies does not charge applicants any application fee.
Guarantee Fee
Funding Societies charges a guarantee fee (5% of the approved financing amount) upon successful disbursement. If the offer is declined by the applicant prior to disbursement, the applicant will not be charged for this.
Utilisation Fee
Funding Societies charges a utilisation fee (5% of the approved financing amount) upon successful disbursement. If the offer is declined by the applicant prior to disbursement, the applicant will not be charged for this.
Retention Sum
Waived for all FS Micro Financing applications under the Funding Societies x U Mobile (GoBiz) collaboration.
Please ensure that your application is submitted via the approved channels to be waived for the retention sum.
Below is an illustration for your reference:
Financing Tenure (months) | ||||
Financing Amount | 3 | 6 | 12 | 18 |
---|---|---|---|---|
RM 3,000.00 |
RM 1,045.00 |
RM 545.00 |
RM 295.00 |
RM 211.67 |
RM 5,000.00 |
RM 1,741.67 |
RM 908.33 |
RM 491.67 |
RM 352.78 |
RM 10,000.00 |
RM 3,483.33 |
RM 1,816.67 |
RM 983.33 |
RM 705.56 |
RM 50,000.00 |
RM 17,416.67 |
RM 9,083.33 |
RM 4,916.67 |
RM 3,527.78 |
RM 100,000.00 |
RM 34,833.33 |
RM 18,166.67 |
RM 9,833.33 |
RM 7,055.56 |
Do note that the financing amount and financing tenure you can apply for is flexible, subject to the product terms stated earlier.
Alternatively, you may calculate the instalment per month for FS Micro Financing with the formula below:
Installment per month = Financing Amount + [Financing Amount x Interest Rate per month (%) x Financing Tenure (months)]/Financing Tenure (months)
Do note that the financing amount and financing tenure you can apply for is flexible, subject to the product terms stated earlier.
Through Funding Societies x U Mobile (GoBiz) collaboration, you may also apply for FS Business Term Financing, where the financing amount is up to RM1,000,000.00, the financing tenure is up to 18 months, the interest rate is up to 16% per annum and the utilisation fee is 4%. To be eligible, your company must be at least one (1) year in operations with a minimum of RM1,000,000 annual turnover to apply. Do note that your application would be subjected to a more elaborate assessment and documentation as compared to FS Micro Financing.
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