Financing

It is a comprehensive suite of solutions that have been curated to meet the banking needs of healthcare providers.

All healthcare providers including General Practitioners, Medical Specialist Clinics and Dental Clinics with medical practitioners registered with the Malaysian Medical Council or Malaysian Dental Council are eligible.

• Private Limited Company (Sdn Bhd)/ Sole Proprietor/ Partnership
  
• Minimum of 3 years in business
  
• The company must be registered in Malaysia and controlled by Malaysian residents/ PR, with an exception for Singaporeans

The key person of the company/ business owners must be at least 21 years old and not more than 65 years old at the time of the loan application.

• Private Limited Company (Sdn Bhd): Form 24/ Form under Section 78, Form 44/ Form under Section 46(3), Form 49/ Form under Section 58
  
• Sole Proprietor/ Partnership: Business Registration Certificate issued by Registrar of Companies (SSM)/ Trading License (East Malaysia only)/ Limited Liability Partnership Agreement (Limited Liability Partnership only)
  
• NRIC/ Passport of all Directors and Guarantors
  
• Keyman Income – Latest Borang B/ BE (not more than 2 years)
  
• 3 years of Financial Reports (Audited/ Management)
  
• Latest 6 months of Bank Statements

It is encouraged to submit up to the top 3 most active bank accounts to increase the chances of approval.

The facility type available is Term Loan only.
Should you require OD/ Trade Financing, you may explore our UOB BizSolution.

UOB BizMoney offers a fixed interest rate, where the interest rate does not change/ fluctuate throughout the loan tenure. Our interest rate is starting from 0.38% per month.
A fixed-rate loan is suitable for a short-term loan and carries the advantage that borrower repayments are fixed, which eases cash flow projection.

Collateral refers to assets such as property or cash deposits that are pledged by the borrower as a form of repayment security.
UOB BizMoney is an unsecured loan, so you do not have to pledge any collateral to apply. However, please note that a personal guarantee is required.

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.

Yes, it may be. However, each bank has its own criteria and procedures in assessing loan applications.

Only one application at a time is allowed for the same business entity.

A minimum of 3 years in operation is required. However, if the key person has more than 3 years of experience in the same line of business, you are encouraged to submit the application.

Once the application is approved, our bank officer will arrange an appointment with you for Letter of Offer acceptance. All the guarantors are required to execute the Join & Several Guarantee. Once the documents are completed, the loan disbursement process may take 3 - 5 business days, subject to the completeness of the documents.

The funds will be disbursed to your Business Current Account opened/ maintained with UOB.

Stamp duties/ legal fees/ guarantee fees (under Syarikat Jaminan Pembiayaan Perniagaan Berhad’s Guarantee Scheme) or other fees and charges that may be incurred as part of the loan documentation. 

Please refer to the Letter of Offer issued by the Bank, full PDS and the Bank’s corporate website @www.uob.com.my for further details.

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

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.

• We accept collateral in the form of Property / Fixed Deposit / Applicable Government Guarantee Schemes.
  Please note that a personal guarantee is required.

The facilities available are Term loan, Overdraft, Trade, Foreign Exchange or Commercial Card.

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.

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.

You may fill up this form here and our sales representatives will reach out to you soon to understand your requirements.

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.

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.

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.

Yes, it may be. However, Each Bank still has its own criteria and procedure in assessing loan applications.

Only one application at a time is allowed for the same business entity.