As we keep Reserve Amount upfront on disbursement, all costs and charges (as below) will be paid from the Reserve Amount under normal circumstances.
| Processing Fee | Up to 2.0% processing fee on Issued Note Amount upon disbursement
|
| Interest | The interest rate for the COSIF Fund portion is determined by the CoSIF.
The interest rate for the private investor portion will be ranged from 12.5% p.a. to 18.0% p.a. according to assigned risk grade. |
| Other costs / penalties | Issuer may make early repayment for any repayment tranche to save more on the interest. No early repayment penalty will be imposed. In the event of late repayment, a late penalty interest of 8.0% p.a will be levied on the principal amount of each late 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.
| Financing Amount | Up to RM1.0 Million, subject always to the available Credit Limit approved for the product |
| Financing Tenor | Up to 180 days, at the discretion of Issuer |
| Disbursement | Disbursement rate is subject to tenure financed (90% for tenure up to 120 days and 87.5% for tenure 150 days & 180 days).
The amount so retained or Reserve Amount will be used for deduction of processing fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the final repayment sum. |
| Repayment Mode | For financing up to 120 days (4 months), repayment will be on Bullet basis.
For financing above 120 days, on delayed monthly instalment basis, whereby instalment repayment on every 30 days interval, starting from 120th Day. Each repayment tranche represents a Promissory Note under the Financing Request. |
Short-Term Working Capital Financing is an unsecured (no collateral needed) business financing product for SMEs to fund their business operations for variety of reasons such as inventory purchases, festive season sales, business expansion etc.
Priority Sectors:
Aerospace; Chemical; Electrical & Electronics; Medical Devices; Pharmaceutical.
Other Sectors:
Automotive; Digital and ICT; Food Processing; Global Services and Professional Services; Halal; Machinery & Equipment; Manufacturing-related Services; Metal; Mineral; Palm Oil-based Products; Petroleum Products and Petrochemicals; Rail; Rubber-based Products; Shipbuilding and Ship Repair; Textile, Apparel and Footwear; Wood, Paper and Furniture.
New Growth Sectors:
Carbon Capture Utilisation Storage (CCUS); Electric Vehicles (EV); Advanced Materials; Renewable Energy (RE).
Note: The applicant must hold a valid manufacturing license / ML exemption letter under ICA 10
A funding initiative under New Industrial Master Plan 2030 (NIMP 2030) where the Government co-invest with the private sectors in NIMP-aligned projects.
Financing Amount
Financing of up to RM2 million, subject to your approved credit limit. Multiple withdrawals can be made according to your business needs.
Financing Tenure
The product allows you to seek financing for tenure between 30 to 360 days. The product is revolving in nature; you have the options to split your drawdown to multiple notes of different sizes and tenures to suit your business cashflow planning.
Repayment Structure
For each drawdown up to 120 days (4 months), repayment will be on Bullet basis.
For each drawdown above 120 days, on delayed monthly instalment basis, whereby instalment repayment on every 30 days interval, starting from 120th Day.
Processing fee
Fee ranges from 1.5% to 3.0% of the financing amount according to the selected tenure.
Interest rate
Interest rate ranges from 8.0%p.a. to 12.0%p.a. according to assigned risk grade.
Interest is computed on the Issued Note amount from the disbursement date to the actual repayment date of each repayment tranche.
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.
Note: All stamp duties, fees, and levies related to the property valuation, charge, and other associated costs are to be paid directly by the Issuer applicant to the solicitor.
To be eligible for Property-secured Financing, certain criteria must be met:
- The property must be located within West Malaysia
- The property must be free from any encumbrance
- This financing cannot be used to purchase properties or to refinance properties with existing financing from other financial institutions
- Eligible property types include Residential properties, Industrial properties, Commercial properties, and lands that have good registrable and transferable titles.
- Completed properties must have Certificate of Fitness (CF) or Certificate of Completion and Compliance (CCC).
- Leasehold properties may be accepted as security/collateral if the remaining unexpired lease is for another 50 years or more.
Property-secured financing allows businesses to use their property as collateral to secure funds. This way, they can access cash by unlocking the value of their property, which can then be used for business growth, equipment purchases, or covering operational costs. It’s an effective solution for businesses to get the funds they need without selling their assets.
No asset collateral required.
However, personal guarantee(s) from the director(s) / owners may be required.
As we keep the Reserve Amount upfront on disbursement, all costs and charges (as below) will first be deducted from the Reserve Amount (subject to its availability).
Processing fee (including guarantee fee)
Fee ranges from 1.0% to 2.7% of the financing amount according to the selected tenure.
Interest rate
Interest rate ranges from 10.0%p.a. to 15.5%p.a. according to assigned risk grade.
Interest is computed on the Issued Note amount from the 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.
Financing Amount
Up to 100% of the total Invoice Amount for the eligible bundled of underlying Purchase Invoices, in denomination of RM1,000, and subject to:
- Minimum financing amount of RM 10,000
- Available credit limit
Financing Tenure
30 to 120 days, from date of disbursement
Disbursement
90% of Issued Note Amount with 10% retained as Reserve Amount, to be used for deduction of processing fee, guarantee fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the Issued Note.
Repayment Structure
Either on Bullet Repayment by maturity date or Monthly Instalment starting from Month 1
Purchase financing is short-term financing provided to customers (“Issuers”) who are in need of funding for their purchase side of supply-chains, enabling the SMEs to take advantage of early payment and volume discounts, thereby increasing their profitability as well as potentially freeing up more credit limit with their suppliers for business expansion.
It is a partially secured financing/investment product in which CGC Digital Sdn Bhd will provide up to 50% guarantee coverage for financing approved for eligible MSMEs.
No asset collateral required.
However, personal guarantee(s) from the director(s) / owners may be required.
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 0.5% on issued note amount per 30 days financing tenor, with cap rate of 1.5%.
Interest rate
Interest rate is ranged from 12.5%p.a. to 18.0%p.a. according to assigned risk grade.
Interest is computed on the Issued Note amount 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.
Financing Amount
Up to 100% of the total Invoice Amount for the eligible bundled of underlying Purchase Invoices, in denomination of RM1,000, and subject to:
- Minimum financing amount of RM 10,000
- Available credit limit
Financing Tenure
30 to 120 days, from date of disbursement
Disbursement
90% of Issued Note Amount with 10% retained as Reserve Amount, to be used for deduction of processing fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the Issued Note.
Repayment Structure
Either on Bullet Repayment by maturity date or Monthly Instalment starting from Month 1
Purchase financing is short-term financing provided to customers (“Issuers”) who are in need of funding for their purchase side of supply-chains, enabling the SMEs to take advantage of early payment and volume discounts, thereby increasing their profitability as well as potentially freeing up more credit limit with their suppliers for business expansion.
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.
Get started on the application through the E-Commerce Seller Financing website if you’re a Lazada/Shopee seller.
- Go to the E-Commerce Financing web page and click Apply now.
- Fill out the E-Commerce Registration Form and provide your contact information and details about your business.
- 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:
- Application Form
- Letter of Consent (for credit check)
- Letter of Authority
- Constitution Documents and valid business license
- Copy of IC of all beneficiary owners (Owners / partners / directors)
- Latest 6 months bank statement reflecting the E-Commerce transactions
- 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.
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
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 |
No asset collateral required.
However, personal guarantee(s) from the director(s) / owners may be required.
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.
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.
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.
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.
As we keep Reserve Amount upfront on disbursement, all costs and charges (as below) will be paid from the Reserve Amount under normal circumstances.
| Processing Fee | Up to 2.0% processing fee on Issued Note Amount upon disbursement |
| Interest | Interest rate is ranged from 12.5% p.a. to 18.0% p.a. according to assigned risk grade. Interest is computed on the principal amount of each repayment installment from disbursement date to the actual repayment date. |
| Other costs / penalties | Issuer may make early repayment for any repayment tranche to save more on the interest. No early repayment penalty will be imposed. In the event of late repayment, a late penalty interest of 8.0% p.a will be levied on the principal amount of each late installment for every lateness day in the event such repayment installment is not repaid within 7 days grace period. |
As we keep Reserve Amount upfront on disbursement, all costs and charges (as below) will be paid from the Reserve Amount under normal circumstances.
| Processing Fee | Up to 1.5% processing fee on Issued Note Amount upon disbursement |
| Interest | Interest rate is ranged from 11.5% p.a. to 17.0% p.a. according to assigned risk grade. Interest is computed on the Issued Note amount from disbursement date to the actual repayment date. |
| Other costs / penalties | Issuer may make early repayment to save more on the interest. No early repayment penalty will be imposed. In the event of late repayment, a late penalty interest of 8.0% p.a will be levied on the Issued Note amount for every lateness day in the event such repayment is not repaid within 7 days grace period. |
Yes, you can make early repayment towards the Issued Note(s) and the great news is there will be no penalty charge on your early repayment, being part of our effort to assist Malaysia SME.
In this respect, the interest on the Issued Notes will be computed on a daily basis from the date of the note’s Issuance until such early repayment date.
In the event any of your Notes turn overdue, your Account status will become Delinquent, and you will be suspended from any further issuance until such overdue Notes are settled in full.
Please note that a penalty interest will be charged in addition to the regular interest if the Delinquent Notes are not settled within the grace period.
No asset collateral required.
However, personal guarantee(s) from the director(s) / owners may be required.
| Financing Amount | Up to RM1.0 Million, subject always to the available Credit Limit approved for the product |
| Financing Tenor | Up to 180 days, at the discretion of Issuer |
| Disbursement | Disbursement rate is subject to tenure financed (90% for tenure up to 120 days and 87.5% for tenure 150 days & 180 days).
The amount so retained or Reserve Amount will be used for deduction of processing fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the final repayment sum. |
| Repayment Mode | For financing up to 120 days (4 months), repayment will be on Bullet basis.
For financing above 120 days, on delayed monthly instalment basis, whereby instalment repayment on every 30 days interval, starting from 120th Day. Each repayment tranche represents a Promissory Note under the Financing Request. |
Short Term Working Capital Financing (“STWCF”) is an unsecured (no collateral needed) business financing product for SMEs to fund their business operations for variety of reasons such as inventory purchases, festive season sales, business expansion etc.
The funding period of your Issued Notes are fixed by you when you list the Notes on the platform for Investors’ consideration. Once the Notes are successfully hosted on the Platform, the due date of the Notes will not be shifted in any circumstances. It remains your obligation to settle the Issued Notes promptly by the due date of the Notes, even if your customer is expected to pay late. This is to ensure fairness to Investors who have invested into the Notes based on your risk profile and investment tenor.
Yes, you can make early repayment towards the Issued Note(s) and the great news is there will be no penalty charge on your early repayment, being part of our effort to assist Malaysia SME. In this respect, the interest on the Issued Notes will be computed on a daily basis from the date of the note’s Issuance until such early repayment date.
In the event any of your Notes turn overdue, your Account status will become Delinquent, and you will be suspended from any further issuance until such overdue Notes are settled in full. Please note that a penalty interest will be charged in addition to the regular interest if the Delinquent Notes are not settled within the grace period.
No asset collateral required. However, personal guarantee(s) from the director(s) / owners may be required.
| E-Invoices generated within B2B Commerce Web-EDI | Hard copy invoices to pre-approved Buyers outside B2B Commerce Web-EDI | |
| Financing Amount | Up to 100% of underlying Invoice Amount, in denomination of RM100, and subject to:
|
Up to 80% of underlying Invoice Amount, in denomination of RM100, and subject to:
|
| Financing Tenor | 1 month to 4 months depending on the expected due date as derived from the payment term of the underlying Invoice | |
| Disbursement | 90% of Issued Note Amount with 10% retained as Reserve Amount, to be used for deduction of processing fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the Issued Note. | |
| Repayment Mode | Bullet, and full settlement only | |
We accept both E-Invoices generated and issued to major retailers/hypermarkets through our B2B Commerce Web-EDI platform, and hard-copy invoices generated and issued to pre-approved Buyers outside B2B Commerce Web-EDI.
Invoice Financing allows the SMEs to obtain finance upfront from a third party, backing through expected cashflow from their invoices on products and services delivered. Through Invoice Financing, SMEs do not need to wait until the maturity of credit term and rely on their customers’ payment for invoices for business funding. In this essence, Invoice Financing unlock SMEs’ cashflow that tie-up with receivable invoices, with a small cost in the form of fees and interest charge.