CIMB SME Quick Biz Financing-i

Borrow Amount Max. Financing Tenure Interest Rate You Pay
RM 100,000 5 Years 4.38% p.a. RM 1,872.72/mth
2.7
2.7 out of 5 stars (based on 3 reviews)
Excellent0%
Very good0%
Average67%
Poor33%
Terrible0%

No Title

December 2, 2024

CIMB Quick Biz Financing-i ni agak okay lah. Process okay, not too slow but still took about 2 weeks to approve. I was expecting it to be faster, especially since I’ve been banking with them for so long. In the end, I got the loan but the approval time could be improved. Documentation was straightforward though.

Avatar for Ali Tan
Ali Tan

No Title

December 2, 2024

Applied for CIMB SME Quick Biz Financing-i and was hoping for faster approval. I submitted my application in mid-August and got the approval after around 2 weeks. Not too bad but not fast either. Good thing is they don’t ask for too many documents, and the customer service was okay.

Avatar for Lina Chai
Lina Chai

No Title

December 2, 2024

Applied for CIMB Quick Biz Financing-i on 18th September 2024, and the approval took longer than I expected. It wasn’t a smooth experience at all. They took about 15 days to get back to me, and by then, I already got better offers from other banks. They need to improve their speed if they want to stay competitive.

Avatar for Jason Lee
Jason Lee

CIMB SME Quick Biz Financing-i: Flexible Business Financing for SMEs

CIMB SME Quick Biz Financing-i is a financing solution tailored for Malaysian-owned small and medium enterprises (SMEs) to help them access up to RM100,000 with minimal paperwork. With competitive rates and an easy application process, it’s ideal for businesses seeking working capital or expansion funds.

Key Features:

  • Loan Amount: Up to RM100,000
  • Loan Tenure: 5 years
  • Interest Rate: 4.38% p.a.
  • Monthly Payment: RM 1,872.72
  • Eligibility: Available for Malaysian-owned SMEs operating for at least 3 years

Eligibility & Requirements:

  • Minimum Business Operation: 3 years
  • Required Documents for Sole Proprietorship / Partnership / LLP:
    • Business Registration or Partnership Deed (for Partnerships only)
    • Latest Form A / D / E
    • Photocopy of NRIC for Sole Proprietor / Partners
    • Latest 3 years’ Management Accounts
    • Latest 6 months’ Bank Statements
    • Latest 3 years’ Income Tax Returns (Form B / Form P / Form PT) & Tax Receipts
  • Required Documents for Sdn Bhd (Private Limited Companies):
    • Photocopy of NRIC (Malaysian) or Passport (Non-Malaysian)
    • Latest 3 years’ Audited Accounts & Management Accounts
    • Latest 6 months’ Bank Statements
    • Latest Year’s Company Tax Receipt (Form C)

Key Benefits:

  • Easy access to financing with competitive rates
  • Flexible repayment terms designed to suit business cash flow
  • No collateral required for financing approval

Charges:

  • Stamp Duty: 0.5% of the loan amount
  • Other Fees: Terms and conditions apply; refer to CIMB for more details.