Business Term Loan

Requirements:

1. NRIC of Directors / Shareholders / Proprietors / Partners/guarantors (passport if foreigners)
2. Business Registration document
3. Audited report
4. Latest 6 months bank statement (optional but recommended for increased approval chances)
5. CCRIS/CTOS
6. Business more than 3 years

Advantages:

1. No risk of losing collateral in case of default.
2. Faster approval process compared to collateral loans.
3. Suitable for businesses without significant assets to pledge as collateral.

Financing Amount: Typically ranges from RM50,000 to RM500,000.