BSN
MADANI BELIA-i
BSN Micro-i Madani Belia is a micro financing facility offered to young micro entrepreneurs which is aimed to provide financial assistance for those intending to expand their businesses.
Features
- Financing Purpose: Working Capital, Capital Expenditure and Renovation
- Financing Tenure: 1 to 7 years
- Financing Amount:
- Minimum: RM 2,000
- Maximum: RM 100,000
RATES
Fixed rate: 3.50% to 4.00% per annum
Fixed rate: 3.50% to 4.00% per annum
Eligibility
Youth-owned Micro enterprises (Sole Proprietorship / Partnership / Limited Liability Partnership / Private Limited) (i.e. at least 51% owned and operated by youth aged 30 years old and below).
Malaysian owned business.
Self-employed including professionals (Accountant, Doctor, Lawyer).
Business registered with Companies Commission of Malaysia (CCM)/ Local Authority (LA)/ Professional Body/ Agency (for professionals only).
Business has been in operation for at least 3 months (based on the business’ category and type).
Required Documents
- A copy of Identification Card of Proprietor/ Partners/ all Directors (if any).
- A valid Business Registration certificate with Companies Commission of Malaysia (CCM)/ Business License with Local Authority (LA)/ Professional body registration and certificate of practice (for professionals only).
- Latest three (3) months or six (6) months of Bank Account Statement.
- A copy of electricity and water bills of the business premises.
- Any supporting documents as required by the Bank.