Boost Bank Launches SME Financing Solutions
The loans are designed to provide flexible financial solutions that cater to the diverse needs of Malaysian SMEs to grow and thrive.
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Boost Bank has announced the upcoming launch of its SME financing services in early October. This underscores the bank’s commitment in driving financial empowerment and inclusivity for both SMEs and MSMEs across the nation.
The financing offerings include two key financial products: ‘Term Loan’ and ‘Revolving Credit.’ Its SME financing solutions offer a seamless application process with minimal documentation, no hidden fees, and loan amounts from RM50,000.
With fast loan processing, businesses can receive access to capital when it is needed most. These loans are also designed to provide flexible financial solutions that cater to the diverse needs of Malaysian SMEs to grow and thrive.
The ‘Term Loan’ facility offers a tenure of up to 36 months, with no early settlement fees—allowing businesses to effectively manage their cash flow. Flexible repayment options ensure that businesses can repay early, without any penalty, whenever it suits their business cycle.
Meanwhile, the ‘Revolving Credit’ facility provides swift access to funds, empowering businesses to quickly respond to opportunities and challenges with financial confidence. This product is designed to adapt to the unique financial needs of each SME, rather than a one-size-fits-all approach.
Fozia Amanulla, CEO of Boost Bank, said, “At Boost Bank, we are on a mission to transform financial inclusion and spark lasting impact for Malaysia’s underserved communities. By harnessing cutting-edge digital innovation and our dynamic fintech ecosystem, we’re not just offering financial products—we’re building a platform that empowers SMEs to break through barriers and unlock their true potential. Our SME Financing solutions are designed to be swift, flexible, and accessible, giving small businesses the crucial boost they need to thrive and fuel their success across the nation.”
Meanwhile, Sheyantha Abeykoon, Group CEO of Boost, commented, “As we continue to build the foundation for a fully integrated digital financial ecosystem, the launch of our SME Financing solutions marks a pivotal moment in our journey. SMEs are not just the backbone of Malaysia’s economy; they are the engine of innovation, growth, and resilience.”
He added, “At Boost, we believe in empowering businesses through digital innovation, and this initiative is a testament to our ongoing commitment to fostering financial inclusivity and sustainable growth for the underserved sectors of the economy. This is not just about providing loans, but about partnering with SMEs to fuel their long-term success and contribute to Malaysia’s broader economic transformation.”
