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SME Banking

Maybank SME e-Financing

Made easy #ForYou

Running a business is hard, but financing your business shouldn’t be. Which is why we have made Maybank SME e-Financing so easy.

You can now secure business financing up to S$150,000 with just a few clicks and in just a few minutes – online 24/7

Types of Business Financing

Business Term Loan or Business Term Financing-i

  • Apply online 24/7, using Myinfo Business.
  • No collateral, no financial or bank statement required.
  • Receive application status in 10 minutes¹.
  • Receive funds in minutes.².

¹Applicable to existing customers with complete records. New to Maybank? We will update you on the status within 2 business days.

²Applicable to existing Maybank sole proprietorship business account holders for disbursement of up to S$150,000 (under Business Term Loan).

 

Enterprise SG Working Capital Loan (WCL)³

  • Apply online 24/7, using Myinfo Business.

³An RM will get in touch with you within three business days to follow up on the WCL application.

 

Do not have a Maybank business account? Click here to open one today.

Ready to submit your financing application online?

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Have an ongoing application? Click below to resume, check your application status or view your offer.

Resume or view offer

How does it work


Step 1:
Online application

Step 2:
Wait for approval

Step 3:
Review offer & LO acceptance

Step 4:
Disbursement

Eligibility

  • The Business must be registered with ACRA and have access to Myinfo Business4
  • Entity status must be “Live” (based on latest ACRA records).
  • Up to five Singaporeans/Singapore PRs Partners, Business Owners, Directors, Shareholders.
  • Open to both Maybank and non-Maybank customers who are Sole Proprietors, Partnerships or Private Limited companies with:
    • Minimum S$100,000 but less than or equal to S$20 million annual sales turnover.
    • Less than or equal to S$2 million outstanding loan/financing with Maybank.
    • Singapore-owned registered company.
    • Minimum one year of incorporation and key man experience.

 

4If you have not signed up for Myinfo, you may do so via Singpass. Learn more at Singpass website.

Requirements for the application process

  • Your Singpass/Corppass login.
  • All business owners/ partners/ directors/ shareholders (maximum 5) are required to log in to submit the financing application.

Financing Facility

Business Term Loan or Business Term Financing-i

  • Between S$20,000 to S$150,000
  • Tenure up to five years

Enterprise SG Working Capital Loan (WCL)5

  • Between S$20,000 to S$300,000
  • Tenure up to five years

Interested in other products? Get In Touch

5An RM will get in touch with you within 3 business days to follow up on the WCL application.

Benefits of Islamic Financing

A Shariah compliant financing based on the principle of Commodity Murabahah (cost plus profit)

  • Save more on your financing - Profit is charged based on the outstanding principal amount and not compounded.
  • Protection of Ceiling Rate and Bank Sale Price - Protect your financing exposure with the maximum claim by Maybank in the event of increasing bank financing rates.

Frequently Asked Questions (FAQs)

Click here for more information.

Apply now