Best Business Loans for Startups in Malaysia (2025)
Here’s a comprehensive guide to the Best Business Loans for Startups in Malaysia (2025), covering financing options, eligibility, loan amounts, repayment periods, and application details.
1. Alliance Bank Digital SME Startup Financing
🔹 Loan Amount: Up to RM100,000
🔹 Repayment Period: Up to 5 years
🔹 Interest Rate: Varies based on creditworthiness
🔹 Eligibility:
✅ Malaysian-registered business
✅ At least 6 months in operation
✅ Minimum annual sales of RM50,000
🚀 Key Features:
✅ No collateral required
✅ Fast approval – funds disbursed in a few days
✅ Easy online application
🔗 Website: Alliance Bank SME Loan
2. Bank Islam SME Start-up Financing Program
🔹 Loan Amount: RM50,000 to RM500,000
🔹 Repayment Period: Up to 7 years
🔹 Interest Rate: Competitive Islamic financing rates
🔹 Eligibility:
✅ Malaysian SME in F&B, logistics, retail, or government contract sectors
✅ Business registered under SSM
🚀 Key Features:
✅ Shariah-compliant financing (based on Murabahah or Tawarruq concept)
✅ Covers working capital & equipment purchases
✅ Lower profit rates for startups with stable income
🔗 Website: Bank Islam SME Financing
3. Maybank SME Micro Financing
🔹 Loan Amount: RM10,000 to RM50,000
🔹 Repayment Period: Up to 5 years
🔹 Interest Rate: From 7% per annum
🔹 Eligibility:
✅ SME registered under SSM for at least 1 year
✅ Minimum annual revenue of RM50,000
🚀 Key Features:
✅ No collateral needed
✅ Fast approval within 3-5 working days
✅ Flexible repayment terms
🔗 Website: Maybank SME Financing
4. SME Bank Malaysia – SME Start-Up Fund (SME-SUF)
🔹 Loan Amount: Up to RM250,000
🔹 Repayment Period: Up to 7 years
🔹 Interest Rate: Varies based on business sector
🔹 Eligibility:
✅ Malaysian-owned SME
✅ Operating for at least 6 months
✅ Business must be in growth-oriented sectors (retail, manufacturing, services, tech, etc.)
🚀 Key Features:
✅ Government-backed financing
✅ Low interest rates & flexible repayment
✅ Mentorship and advisory services included
🔗 Website: SME Bank Malaysia
5. TEKUN Nasional Micro Financing (For Bumiputera Entrepreneurs)
🔹 Loan Amount: RM10,000 to RM100,000
🔹 Repayment Period: Up to 5 years
🔹 Interest Rate: 4% – 7% per annum
🔹 Eligibility:
✅ Bumiputera entrepreneur aged 18-60 years
✅ Business must be registered under SSM
🚀 Key Features:
✅ Affordable financing for small businesses
✅ Special financing for women entrepreneurs
✅ Covers business expansion, inventory, and marketing costs
🔗 Website: TEKUN Nasional
6. BSN Micro/i Financing
🔹 Loan Amount: RM5,000 to RM250,000
🔹 Repayment Period: Up to 5 years
🔹 Interest Rate: 4% – 6% per annum
🔹 Eligibility:
✅ Micro & small businesses registered with SSM
✅ Minimum 6 months of business operations
🚀 Key Features:
✅ Fast approval within 5 working days
✅ Competitive interest rates
✅ No collateral required for loans under RM50,000
🔗 Website: BSN Micro Financing
7. Malaysia Debt Ventures (MDV) – Startup Financing for Tech Companies
🔹 Loan Amount: RM100,000 to RM10 million
🔹 Repayment Period: Up to 10 years
🔹 Interest Rate: Varies (Customized financing solutions)
🔹 Eligibility:
✅ Startups in ICT, Green Tech, Biotech, FinTech, and Engineering sectors
✅ Must have a viable business model & growth potential
🚀 Key Features:
✅ Venture debt financing – no equity dilution
✅ Flexible repayment based on revenue growth
✅ Tailored for startups that struggle with traditional financing
🔗 Website: Malaysia Debt Ventures
8. P2P Lending – Funding Societies Malaysia
🔹 Loan Amount: RM10,000 to RM500,000
🔹 Repayment Period: 3 – 24 months
🔹 Interest Rate: From 8% – 18% per annum
🔹 Eligibility:
✅ Malaysian SME with at least 6 months in operation
✅ Minimum annual revenue of RM100,000
🚀 Key Features:
✅ Alternative to traditional bank loans
✅ Fast approval (within 48 hours)
✅ No collateral required
🔗 Website: Funding Societies Malaysia
Which Business Loan is Best for You?
| Loan Provider | Best For | Loan Amount | Interest Rate | Repayment |
|---|---|---|---|---|
| Alliance Bank | Small businesses needing fast cash | Up to RM100K | Varies | Up to 5 years |
| Bank Islam | Shariah-compliant financing | Up to RM500K | Competitive | Up to 7 years |
| Maybank | Micro businesses | Up to RM50K | 7% | Up to 5 years |
| SME Bank | Growth-oriented startups | Up to RM250K | Varies | Up to 7 years |
| TEKUN Nasional | Bumiputera entrepreneurs | Up to RM100K | 4%-7% | Up to 5 years |
| BSN | Micro-business owners | Up to RM250K | 4%-6% | Up to 5 years |
| MDV | Tech startups | Up to RM10M | Customized | Up to 10 years |
| Funding Societies | Alternative lending | Up to RM500K | 8%-18% | Up to 2 years |
Final Tips Before Applying for a Business Loan
✅ Prepare all required documents – SSM registration, financial statements, bank statements, and business plan.
✅ Check eligibility before applying – Some loans require a certain minimum revenue.
✅ Compare interest rates & repayment terms – Choose the most cost-effective loan.
✅ Avoid loan sharks (Ah Long) – Stick to licensed financial institutions or P2P lending platforms.
📌 Still not sure which loan suits your business best? Visit Bank Negara Malaysia to explore government-backed loan programs.
