Maybank revealed a unique digital financial solution for small and medium enterprises that they’ve dubbed as Maybank SME DIgital Financing that enables you to apply and get approval within a mere 10 minutes.
The new Maybank SME Digital Financing solution enables SMEs to apply for financing via Maybank2U or Maybank2U Biz at any time without the need to be physically present at a Maybank branch or, for the matter, be a Maybank account holder.
Designed for SME businesses with a turnover below RM25 million, the Maybank SME Digital FInancing Solution enables successful applicants to get financing from as long as RM10,000 up to RM250,000 with a repayment tenure up to 5 years. The loans are collateral-free and consist of three types – SME Online CLean Loan/SME Online Clean Financing, SME Online PGX/SME Online PGX-i and SME Online Micro Financing/SME Online Micro Financing-i.
If you are already an existing Maybank customer, the process to get a loan via Maybank SME Digital Financing is a bit faster as the bank already has your records and can approve it on the spot in just 10 minutes with loan disbursement in a minute. If you’re a new customer to Maybank, you’ll need to get the usual security checks before getting approval within two days which is still a fast
“The launch of this solution is a breakthrough in our SME financing as it incorporates an enhanced credit tool, which allows us to expand our lending relationships beyond what we were doing before. Using our in-house data and credit knowledge while leveraging machine learning capabilities, we are now able to measure the risks of our customers better, and provide financing even to start-ups which have only been in operation for 1 year,” says Maybank’s Group President and Chief Executive Officer, Datuk Abdul Farid Alias. For more details swing by Maybank’s official website at www.maybank.com