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Eligibility

ELIGIBILITY

Malaysian-registered company including sole proprietorship and partnership

Your company has been operating for at least 1 year with minimum 1 year of active marketplace seller account

* This program is also open to all existing issuer of B2B Finpal. Please contact your salesperson for more info

eCommerce Financing

Best for: Cashflow needs and business expansion

Key Features

  • Financing Amount up to RM150,000

  • Affordable interest rate as low as 8.0%p.a.,

  • No Repayment for first 3/6 months

  • Get approval within 3 working days

  • No collateral needed

Why B2B Finpal?

Registered with Securities Commission

Disbursed RM308.1 million since inception

All funds managed by trustee agency

100% funding success rate

What's next?

Step 1

Step 1

Registration of User Account

Get started on the application through the E-Commerce Seller Financing website if you’re a Lazada/Shopee seller.

  1. Click here and fill out the E-Commerce Registration Form and provide your contact information and details about your business
  2. Follow the directions to link your Lazada/Shopee seller account and authorise Lazada/Shopee on data sharing to facilitate the e-commerce financing application

Our sales / business development team will contact you for the submission of full application documents (kindly refer to the FAQ below for more details).

Please allow 2 – 3 business days after your complete submission for us to conduct credit assessment and approval.

Step 2

Step 2

Apply Financing

After your registration is completed and approved, you will be able to login to B2B Finpal and submit a request for financing. Approval for financing take as fast as 1 Business Day.

Step 3

Step 3

Receive Funds

B2B Finpal will host the Issue Notes on our platform for investors’ consideration. You may receive funding once campaigns are successfully completed, as early as the next Business Day.

FAQ
eCommerce Financing

E-commerce financing is short-term financing provided to customers (“Issuers”) who are in need of short term working capital, to fund their purchases and/or operating cost in respect of their e-commerce business.

 

The issuers need to grant consent for Finpal to obtain their transaction data from the E-commerce platform operator to aid Finpal assessment and on-going monitoring.

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Financing Amount

Up to RM150,000, subject to the available credit limit.

 

Financing Tenure

12-month period.

 

Disbursement

Financing will be released the next business day of success funding.

Fund disbursement represents successfully funded amount minus predetermined retention sum (called Reserve Amount).

 

Repayment Structure

No repayment for first 3 months or 6 months, at your choice;

Monthly repayment instalment from month 4 or 7 onwards depends on the repayment structured selected by you.

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We will keep 12% to 16% reserve amount depends on your risk grade. The reserve amount to be used for deduction of processing fee, stamp duty, expense reimbursement, interest and penalty interest, if any. The balance of reserve amount if any leftover, will be refunded to you upon full settlement of the final repayment sum.

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As we keep Reserve Amount upfront on disbursement, all costs and charges (as below) will be paid from the Reserve Amount.

Processing fee

The processing fee is 4.5% upon disbursement. We won’t charge any fee if you decided to decline our offer.

 

Interest rate

Interest rate is ranged from 8.0%p.a. to 12.0%p.a. according to assigned risk grade.

Interest is computed on the principal amount of each repayment instalment from disbursement date to the actual repayment date.

 

 

No Early Repayment Fee

By repaying early, you will save more on the interest. No early repayment penalty is imposed on early instalment settled.

 

Late penalties (if any)

A late penalty interest of 8.0% p.a will be levied on the principal amount of each repayment instalment for every lateness day in the event such repayment instalment is not repaid within 7 days grace period.

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No asset collateral required.

However, personal guarantee(s) from the director(s) / owners may be required.

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Scenario 1 (First 3 months no payment)

Under normal circumstances, you just need to repay the equal instalment of principal amount over the month 4 to month 12.

Financing Amount 50,000 100,000 150,000
Monthly instalment
Month 1-Month 3 0 0 0
Month 4 – Month 11 5,550 11,100 16,650
Month 12 5,600 11,200 16,800

 

Scenario 2 (First 6 months no payment)

Under normal circumstances, you just need to repay the equal instalment of principal amount over the month 7 to month 12.

Financing Amount

50,000 100,000 150,000
Monthly instalment

Month 1-Month 6

0

0

0

Month 7 – Month 11

8,300

16,600

24,900

Month 12 8,500 17,000

25,500

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To qualify for a loan from E-Commerce Seller Financing, your business must meet the following requirements:

  • At least RM25,000 in monthly sales
  • Lazada/Shopee seller account
  • Bank account

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Get started on the application through the E-Commerce Seller Financing website if you’re a Lazada/Shopee seller.

  1. Go to the E-Commerce Financing web page and click Apply now.
  2. Fill out the E-Commerce Registration Form and provide your contact information and details about your business.
  3. Follow the directions to link your Lazada/Shopee seller account and authorise Lazada/Shopee on data sharing to facilitate the e-commerce financing application.

Our sales team will then contact you to submit the following documents:

  1. Application Form
  2. Letter of Consent (for credit check)
  3. Letter of Authority
  4. Constitution Documents and valid business license
  5. Copy of IC of all beneficiary owners (Owners / partners / directors)
  6. Latest 6 months bank statement reflecting the E-Commerce transactions
  7. Latest Financial Statement/Management Account and/or Tax Form Borang B

Subject to satisfaction of our due diligence and credit assessment, you may then request the financing through our platform after your account activation.

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Yes, the product is open to all new and existing Issuer(s) who have online business transactions through Lazada/Shopee. Please refer to the steps per FAQ above for your application.

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Ready to start
eCommerce Financing?

Please select your main eCommerce platform:

 

 

Please select your main eCommerce platform: