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Sustain and fund your business growth
locally or globally with extra working capital
PLAN THE NEXT BIG MOVE
Financing up to RM4.999million.
COMPLETE BUSINESS SOLUTION
Available for asset acquisition or refinancing and/or working capital package.
We also have a wide range of Trade and Forex solutions that can be catered to your business needs.
COMPETITIVE INTEREST RATE
• Affordable interest rates that make your monthly repayments more manageable
• With government-assisted funding options*
*Terms & Conditions apply
Features
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Feature
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Details
| Feature | Details |
| Financing Amount | Financing up to RM4.999million |
| A wide range of services | • Term Loan • Overdraft • Import & Export Trade Facilities • Foreign Exchange Forward • Commercial Card |
| Purpose | • Finance purchase of properties • Refinance existing properties • Working Capital |
| Acceptable Collateral | • Properties include commercial, industrial & residential properties • Fixed Deposit • Government Guarantee Schemes Note: Terms and Conditions apply |
| Feature |
| Financing Amount |
| A wide range of services |
| Purpose |
| Acceptable Collateral |
Frequently Asked Questions
What are the basic eligibility criteria for UOB BizSolution?
UOB BizSolution is available to the following companies:
- Private Limited Company (Sdn Bhd), Sole Proprietor / Partnership
- Minimum 3 years in business
- The company must be registered in Malaysia
- At least 30% of shares controlled by Malaysian Resident / PR, with an exception for Singaporean
- The key person of the company / business owners must not be less than 21 of age and not more than 65 of age upon loan application
Note: Terms and Conditions apply.
What are the basic documents required for application?
Private Limited Company (Sdn Bhd)
- Companies Act 1965 - Form 24 and 49 (if change in shareholder, Annual Return/Form32A)
- Companies Act 2016 - Super Form
- NRIC of all Directors and Guarantors
- 3 years of audited financials
- Latest 6 months bank statements
- Latest Creditor & Debtor Aging and Stock Listing
Sole Proprietorship / Partnership
- Business Registration Certificate issued by Registrar of Companies (SSM) / Trading License (East Malaysia only) / Limited Liability Partnership Agreement (Limited Liability Partnership only)
- Photocopy of NRIC for Sole Proprietor / Partners
- Latest 3 years’ Management Accounts
- Latest 6 months bank statements
- Latest 3 years’ income Tax Returns
- Latest Creditor & Debtor Aging and Stock Listing
Evidence of purchase document / copy of title / SPA / Letter of Offer for existing loan / financing (Applicable for Asset Aquisition/ Refinancing).
Keyman Income - latest Borang B/BE.
Note: It is encouraged to submit up to top 3 most active banks’ bank statements to increase the chances of approval.
What type of collateral is acceptable by the bank?
We accept collateral in the form of Property / Fixed Deposit / Applicable Government Guarantee Schemes.
Please note that a personal guarantee is required.
What are the types of facility offered under UOB BizSolution?
The facilities available are Term loan, Overdraft, Trade, Foreign Exchange or Commercial Card.
What is the maximum loan amount that I can get under UOB BizSolution?
The maximum loan amount is up to RM4.999 million. However, all loan applications are subject to the necessary credit review to determine your eligible loan amount.
Is UOB BizSolution’s interest rate under fixed or variable structure and what are the rates?
UOB BizSolution offers variable interest rate where the interest rate changes / fluctuates throughout the tenure of the loan.
Each facility is subject to different interest rate, do reach out to us to find out more.
How can I apply for this loan?
You may fill up this form here and our sales representatives will reach out to you soon to understand your requirements.
Once the application is approved, how does long it take for the company to receive the funds?
It depends on the form of collateral acquired as documentation process and turnaround time vary. A bank panel lawyer is required to be appointed to handle the loan documentation and it generally takes about 1.5 to 3 months from loan acceptance to drawdown.
The funds will then be disbursed to your Business Current Account maintained with UOB.
If the business is in operation for less than 3 years, does it affect my loan application?
Businesses are required to operate for a minimum 3 years in business. However, if the key person has more than 3 years of experience in the same line of business, it can be considered.
If company / business owner has a loan application that was recently declined by another bank, will this affect the loan application with UOB?
Each Bank has its own criteria and procedure in assessing loan applications. The decision from other banks may not necessarily affect your application with us.
If company’s business loan with another bank is under restructuring and rescheduling, will this affect the application with UOB?
Yes, it may be. However, Each Bank still has its own criteria and procedure in assessing loan applications.
Can a company submit more than one application at one time?
Only one application at a time is allowed for the same business entity.
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