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

RATES
Fixed rate: 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 6 months.

Required Documents

  1. A copy of Identification Card of Proprietor/ Partners/ all Directors (if any).

  2. 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).

  3. Latest three (3) months of Bank Account Statement.

  4. A copy of electricity and water bills of the business premises.

  5. Any supporting documents as required by the Bank.