eCommerce Financing

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.

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.

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.

No asset collateral required.

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

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.

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.

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

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.

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.