Digital Financing Initiative is undertaken by SME Corp. Malaysia with the aim to provide agile access to financing for Micro, Small and Medium Enterprises (MSMEs) via a digital platform.

In this programme, SME Corp. Malaysia is collaborating with microLEAP to:

• Provide innovative and quick short-term financing solution for MSMEs through the digital platform;
• Simplified documentation process of the applicants; and
• Shariah compliant product with 24/7 access for online financing application.

• Registered under Companies Commission Malaysia (SSM)
• The company is at least 60% owned by Malaysian
• The company have been in operations for at least 6 months
• Committed to undergo SCORE/MCORE assessment
• Required documents:
  • Applicants Identification (I/C) Front & Back
  • Guarantors Identification (I/C) Front & Back
  • Current Business Bank Statements
  • Financial Statements (minimum 2 years signed management accounts, from the date of incorporation to the most recent month possible)
  • Business Owner Profile Photo
  • Proof of Business Premise (Photo, live-video, etc)

MSMEs can apply for short-term financing from RM50,000 to RM500,000 with a fixed rate of 3% per annum, for a maximum period of 36 months for:

• Working capital for operational expenses (e.g. purchase of inventory/raw materials etc.)
• Financing for business improvement purposes such as:
  • Purchase of Machinery & Equipment
  • ICT & e-Commerce Adoption
  • Packaging
  • Advertising and Promotion
  • Certification & Quality Management Systems

Issuer Fee (one-off), upon financing amount approved:‪
<RM100,000.00 = 5% / RM 5,000, for the entire 36 month Financing Tenor
>RM100,000.00 = 4%, for the entire 36 month Financing Tenor

Important Note:

Application processing fee is fixed at RM50 for each application to be borne by the applicant.

MSMEs can apply for short-term financing from a minimum of RM10,000 up to RM1,000,000 at a financing rate of 0.25% to 0.50% per month up to 6 months tenure for:

• Pre-Sales
• Post Sales

Issuer Fee (one-off), upon financing amount approved:‪
1-3 months = 1.25%
3-6 months = 2.5%

Important Note:
Application processing fee is fixed at RM50 for each application and is to be borne by the applicant.