Bank Negara (BSN) has announced the launch of a microfinance scheme under the SemarakNiaga Business Development Programme in Malaysia, offering loans up to RM75,000 and a 4% interest rate.
BSN’s Micro Loan Scheme is available for a maximum of 5.5 years with a 4% interest rate and a 6-month moratorium on repayment. The requirements for this micro-loan are as follows, i.e. the business must be a micro-enterprise, the owner must be a Malaysian, registered under the Companies Commission of Malaysia (SSM) and the business must have been in operation for more than 6 months.
The financing plan offers seven financing options, namely BSN Micro/i Semarak Mula, BSN Micro/i Semarak PEDi, BSN Micro/i Semarak Tani, BSN Micro/i Semarak Sukan, BSN Micro/i Semarak Nita, BSN Micro/i Semarak Belia and BSN Micro/i Semarak. Micro/i Semarak Belia and BSN Micro/i Semarak.
Interested businesses can apply at their nearest BSN.
