With microcredit, you now have a better chance at realizing your dream of starting a business. So where are we to look for these microloans in Malaysia?


Bank Simpanan Nasional (BSN)

BSN Micro / BSN Micro-I is the microcredit product of BSN and loan size can go from RM 5,000 up to RM 50,000. Those who are planning to start their own business in manufacturing, retail, wholesale, and services industry can consider taking this loan with interest rates of between 6.38% to 11.26% (flat).


  • Self-employed individuals
  • Microenterprises
  • Age between 21 – 60 years old
  • Have valid business license / permit / registration
  • Have been in business continuously for at least 2 years
  • Applicant operates the business on fulltime basis


Alliance Bank

Regardless of sector, if you are planning to start your business, you can consider to take up a microcredit from Alliance Bank from RM 5,000 to RM 50,000. You can choose tenure period from 12 months to 84 months, with an interest rate between 9.68% to 13.68% (flat).

The TWO microcredit products offered by Alliance Bank are Cash Vantage Personal Financing-i (Islamic) and Cash First Personal Loan (Conventional).


  • Self-employed individuals
  • minimum 2 years in business
  • Has valid business registration
  • Age between 21 – 60



AmBank’s microcredit product, AmMikro Plus (Conventional) allows borrowers to take up a loan from RM 5,000 to RM 50,000 and has two plans for you to choose from. Tenure period is available from 1 year to 5 years.

Plan A (Loan Amount: RM 5,000 to RM 20,000)

  • Bank Negara Funded Loan: 24% per annum (2% per month)
  • Internal Fund: 30% per annum (2.5% per month)

Plan B (Loan Amount: RM 20,001 to RM 50,000)

  • Bank Negara Funded Loan: Base rate + 4.36%
  • Internal Fund: Base rate + 4.61%


  • Individuals / sole proprietors / partnerships / private limited companies
  • Aged between 18 – 60 years old (age limit at maturity date)
  • At least with 3 years of business experience
  • Has valid business registration



CIMB offers a flexible microcredit option to all Malaysians who are planning to start a business in any sector and you can borrow from RM3,000 until up to RM50,000. Xpress Cash Financing-i (Islamic) has a tenure period from 6 months to 5 years for you to choose from based on your financial capability, with an interest rate of 21% per annum.


  • Salaried workers
  • Self-employed individuals (Micro enterprises)
  • Age between 21 – 60 years old
  • Minimum of RM800 monthly gross income
  • 6 months working / 6 months in business



With either Maybank Microfinance (Conventional & Islamic) or SME Micro Financing (Conventional), you can consider any of these microcredit products to finance your dream business regardless of the industry you are in.

Maybank Microfinance (Conventional & Islamic)

  • Loan Size: RM1,000 to RM10,000
  • Tenure Period: 1 – 2 years
  • Interest Rate: 24% per annum


  • Malaysian citizen
  • Age between 21 – 60 years
  • Valid business license / permit/ business registration
  • Micro-enterprises
  • Group-5 members per group
  • Household income below RM24,000 p.a
  • Min 1 year in operation


SME Micro Financing (Conventional)

  • Loan Size: RM20,000 to RM50,000
  • Tenure Period: 3 – 5 years
  • Interest Rate: 10% – 12% per annum


  • Companies registered with Companies Commission of Malaysia
  • Min 3 years in operation
  • At least 3 years banking relationship (borrowing & non-borrowing) with any financial institutions


Doctor Ringgit

You can borrow from as low as RM200 up to RM20,000 and choose a tenure period of anywhere up to 12 months, based on your preference with Doctor Ringgit. If you are looking for an easy and fast loan application, this is the right place for you to apply.

Being one of the licensed money lenders in the market, you will not have to worry about the interest charges as it is fixed at 1.5% per month (18% per annum), which is more competitive compared with the market rate.

You only need to provide a copy of your MyKad and this product is only applicable for those who stay in Klang Valley and Selangor area. The approval and fund transfer happen as fast as within the 24 hours of your application. Are you intrigued? Click here to find out!


You can also compare the best personal loans to start your business at the lowest interest rates!

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