UOB BizMoney Business Loan: Flexible Financing for Growing Businesses

UOB BizMoney is an ideal business loan solution for SMEs looking to expand without the need for collateral. With competitive interest rates, fast approval, and a straightforward application process, UOB BizMoney is designed to support businesses in their growth journey.

Key Features:

• Loan Amount: RM 100,000 to RM 1,000,000
• Loan Tenure: 18 to 60 months
• Interest Rate: As low as 5% p.a. (0.42% per month)
• Repayment: Monthly payments based on loan amount and tenure
• Collateral: No collateral required; however, a guarantee from shareholders or directors is needed
• Approval Time: Fast approval within 5 working days

Eligibility & Requirements:

• Minimum Annual Sales Turnover: RM 1,000,000
• Minimum Company Age: 3 years
• Malaysian Ownership: At least 51% ownership by Malaysians
• Who Can Apply: Malaysian-registered companies (excluding Singaporeans)

Required Documents:

• UOB BizMoney Application Form
• Latest Borang B/BE (not more than 2 years) for Keyman Income
• Sdn. Bhd: Form 24 and Form 49 (or Annual Return/Form 32A if there’s a change in shareholders)
• Sole Proprietors/Partnerships: Business Registration Certificate (SSM), Trading License (East Malaysia), or LLP Agreement (for Limited Liability Partnerships)
• IC/Passport of all directors and guarantors
• 3 years of financial reports (audited or management accounts)
• Latest 6 months of bank statements for the top 3 most active current accounts and any overdraft accounts

Key Benefits:

• No collateral required, making it easier for SMEs to access financing
• Competitive interest rate starting at 5% p.a., one of the lowest in the market
• Quick approval process, typically completed in just 5 working days
• Flexible loan tenure options ranging from 18 to 60 months
• Simple documentation process with no loan-processing fees

Fees & Charges:

• Interest Rate: As low as 5% p.a., depending on loan amount and tenure
• No loan-processing fee; just standard documentation requirements