BIZFINANCING-i

Drive your business forward with financing without collateral

Why you will love this

Financing from RM50,000 to RM600,000

Financing tenure from 3 to 5 years

Who can apply

The company must be 100% Malaysian-owned and all directors or guarantors must be Malaysian citizens

Minimum of 3 years in operations

Business must meet the definitions of SMEs issued by SME Corporation Malaysia

Shariah-compliant businesses

Baca dalam

Fulfil your business cashflow needs or business expansion plans with OCBC BizFinancing-i.

BENEFITS AND PRIVILEGES
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Get financing from RM50,000 to RM600,000

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Financing tenure from 3 to 5 years

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No collateral required

KEY FEATURES
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Purpose of financing

Working capital only

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Financing rate

Up to BFR + 6.0% p.a.

Learn more

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Financing limit

Financing from RM50,000 – RM600,000

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CGC guarantee coverage

Up to 70% of the unsecured facility/portion approved by the Bank

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Maximum tenure

Up to 5 years

Example

Financing amount: RM300,000

Tenure: 5 years

Base Financing Rate (BFR): 6.76% p.a.


Profit Rate: BFR +1.50% p.a.

Effective Financing Rate: 8.26% p.a.

Rate BFR @ 6.76% p.a. + 1.50% p.a. If BFR goes up 1% p.a. If BFR goes up 2% p.a.
Monthly instalment

RM6,120.32

RM6,265.43

RM6,412.56

Total profit amount at the end of 5 years

RM67,218.99

RM75,925.84

RM84,753.62

Total payment amount at the end of 5 years

RM367,218.99

RM375,925.84

RM384,753.62

Before you apply

Eligibility requirements

Business ownership

All Shariah-compliant business registered with SSM

The company must be 100% Malaysian-owned and all directors or guarantors must be Malaysian citizens.

Must be an SME defined by SME Corporation Malaysia.

Minimum of 3 years in operations.

Age of directors/shareholders/managing director:

  • Minimum: 21 years old
  • Maximum: 65 years old
    (at the point of Financing maturity)


Terms and conditions

All required forms and supporting document must be duly completed and submitted.

All financing is subject to satisfactory assessment by the Bank.

Subject to Credit Guarantee Corporation (CGC) credit evaluation approval.

The current Base Financing Rate (BFR) effective from 10 May 2023 is 6.76% p.a. for financing facilities referenced against BFR.


SME defined by SME Corporation Malaysia

Category Micro Small Medium
Manufacturing

Sales turnover not exceeding RM300,000
OR
full-time employees not exceeding 5.

Sales turnover from RM300,000 to less than RM15 million
OR
full-time employees from 5 to less than 75.

Sales turnover from RM15 million to not exceeding RM50 million
OR
full-time employees from 75 to not exceeding 200.

Services & other sectors

Sales turnover from RM300,000 to less than RM3 million
OR
full-time employees from 5 to less than 30.

Sales turnover from RM3 million to not exceeding RM20 million
OR
full-time employees from 30 to not exceeding 75.

Ready to apply?

Drive your business forward with collateral-free financing!

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