Women in Business (BI WinBiz)
Women in Business Financing Programme (WinBiz) is a financing product specially designed for Malaysian Women Entrepreneurs under the category of Small and Medium Enterprise (SMEs) to cater for their working capital and/or capital expenses.
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Eligibility
Targeted to Malaysian entrepreneurs that have been in business for at least two (2) years and fulfill the following eligibility criteria:
- Meets the definition of SMEs issued by SME Corporation Malaysia:
- Malaysians residing in Malaysia that hold a minimum of 51% shareholding in the business.
- Registered with the Companies Commission of Malaysia (SSM), or authorities/district offices in Sabah and Sarawak, statutory bodies for professional service providers.
Purpose of Financing
- Working Capital requirements
- Capital Expenditure (CAPEX)
Note:
- This is inclusive of legal documentation costs, Syarikat Jaminan Pembiayaan Perniagaan (guarantee fee for the first year and any other costs which have been approved by the bank.
- The facility shall not be used for refinancing of existing facilities.
Financing Amount
- Minimum financing amount: RM100,000
- Maximum financing amount: RM1 million
Financing Rate
Minimum BFR+1.50% per annum.
Financing Tenure
Up to seven (7) years
Guarantee Fee
Up to 80% Guarantee Coverage under Government Guarantee Scheme managed by SJPP (depends on the scheme offered by SJPP).
Product Disclosure Sheet:
- Click here to view Product Disclosure Sheet – English Version
- Click here to view Product Disclosure Sheet – Bahasa Malaysia Version
For enquiries email to: sme-assist@bankislam.com.my
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