Transact
3 cash management pitfalls SMEs should be aware of
Proper cash flow management is crucial for SMEs. Here are some pitfalls you should be aware of and avoid them.
Find out more
CALCULATOR
5 ways to help your small business survive
UOB continues to extend unwavering support, especially in these challenging times through our value-added services under UOB BizSolution/BizMoney for SMEs.
Find out more
Understand the risks of import / export trades
Be aware of the trade financing and solutions available so that you can understand how to better manage your cash flow and cross-border trading risks.
Find out more
Why business insurance can help SMEs prosper
Business insurance protects company from unforeseen issues, improves the company’s credibility and boost employee productivity.
Find out moreGuides & Insights
Join our SME Community
Subscribe for your regular dose of business tips, insights, and inspiration.
Find out more
-
you are in Business Banking
For Individuals
Personal BankingWealth BankingPrivilege BankingPrivate BankUOB ReferralFor Companies
Wholesale BankingForeign Direct InvestmentUOB ASEAN InsightsIndustry InsightsAbout IBOR Transition
Changes to Benchmark RatesUOB Islamic Banking
Islamic BankingAbout UOB
Corporate ProfileStakeholder RelationsUOB Digitalisation -
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
-
Feature
-
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
Minimum eligibility criteria
UOB BizSolution is available to the following companies:
- Sole Proprietor, Partnership, or Private Limited Company
- Registered and operating in Malaysia for a minimum of 3 years
- At least 30% local shareholdings
Note: Terms and Conditions apply.
Basic Required Documents for Application
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).
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
Keyman Income - latest Borang B/BE.
Is UOB BizSolution interest rate fixed or variable?
UOB BizSolution is offering in Variable interest rate where the interest rate change/fluctuate throughout the duration of the loan.
What type of facility offered under UOB BizSolution?
The facility type available are Term loan, Overdraft, Trade, Foreign Exchange and or commercial card.
What form of collateral is acceptable by bank?
Accept collateral in the form of Property / Fixed Deposit / Applicable Government Guarantee Schemes.
Please note that a personal guarantee is required.
Any age restriction on Directors/Shareholders/business owners?
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.
If company/business owner have more than 1 bank accounts, which account statement shall provide to bank?
It is encouraged to submit up to top 3 most active bank accounts to increase the chances of approval.
If company/business owner have 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.
What if company’s business loan with other bank is under restructuring and rescheduling. Will this affect the application with your Bank?
Yes, it may be.
Can If company/business owner apply more than one application at a time?
Only one application at a time for the same business entity is allowed.
If the business is operating less than 3 years. Does it affect my loan application? What is the minimum years of operation required?
The minimum 3 years in operation is required. However if the Key person have the more than 3 years experiences in same line of business, is encourage to submit the application.
Once the application approved, how long it take for company/business owner to receive funds and where is the funds disbursed to?
It is depending the form of collateral acquired, a different documentation process will be apply and the time take maybe vary, a bank panel lawyer need to appoint to handle the loan documentation, it general take 1.5 – 3 months from loan acceptance to drawdown.
The funds will be disbursed to your Business Current Account opened/maintained with UOB.
We use cookies in order to provide you with better services on our website. By continuing to browse the site, you agree to our privacy notice and cookie policy.
