Startup Business Loan Calculator Malaysia 2026
Use this calculator to estimate monthly repayments for new business loans. For bank startup loans, enter a rate of 6%–9% p.a. on reducing balance. For TEKUN, use 7.2% flat equivalent; for MADANI, use 5.5%.
Flat Rate: Interest calculated on original principal throughout. Higher effective rate.
Monthly Payment
RM 1,933
Total Interest
RM 15,997
Total Payment
RM 115,997
Free consultation, no obligation
Startup Loan Rates Are Higher — Here's Why
When a bank lends to an established SME with three years of financials, they can assess the business's historical revenue, profit margins, and cash flow. With a startup, that history does not exist. Lenders compensate for this higher uncertainty by charging a higher interest rate — typically 1%–3% above what they would charge an established business with the same loan amount.
The good news is that several Malaysian government schemes specifically target new businesses and charge below-market rates:
- TEKUN Niaga: 4% flat rate (effective ~7.2%), up to RM200,000, no minimum operating period for Bumiputera applicants.
- BSN Mikro MADANI: 3% flat rate (effective ~5.5%), up to RM50,000, requires 6 months of business registration.
- SME Bank i-Biz: Competitive rates with government guarantee, up to RM500,000, for businesses up to 4 years old.
- GGSM2 (Government Guarantee Scheme): Bank rate minus government subsidy, up to 80% government guarantee — makes banks willing to lend to startups with limited collateral.
Which Lenders Accept Startups?
| Lender / Scheme | Min. Operating Period | Max Loan Amount | Rate (Approx.) |
|---|---|---|---|
| TEKUN Niaga | None (Bumiputera) | RM200,000 | 4% flat (~7.2% effective) |
| BSN Mikro MADANI | 6 months | RM50,000 | 3% flat (~5.5% effective) |
| SME Bank i-Biz | 6 months | RM500,000 | 5%–7% p.a. |
| GGSM2 via banks | 6 months | RM5,000,000 | 4.5%–6% p.a. |
| Commercial bank startup loan | 1–2 years | RM500,000+ | 6%–9% p.a. |
| P2P lending (invoice/revenue) | 6 months | RM1,000,000 | 12%–24% p.a. |
Tips for Getting a Startup Loan Approved
- Register as Sdn Bhd: Some banks treat Sdn Bhd companies more favourably than sole proprietors, especially for larger amounts.
- Build a 6-month business bank statement: Even without profit, consistent cash flow in a dedicated business account demonstrates viability.
- Prepare a business plan: Government scheme lenders (TEKUN, SME Bank) expect a business plan. A clear revenue model improves approval chances.
- Offer collateral or personal guarantee: If you own property or have a creditworthy guarantor, commercial banks become much more accessible.
- Start with micro loans: A RM50,000 MADANI loan successfully repaid improves your credit history and makes it easier to access larger loans later.
For a full list of startup-friendly financing options, read our startup business loan guide Malaysia.
Starting a Business? Get Matched to the Right Scheme
Many startup founders miss TEKUN, MADANI, and GGSM2 simply because they did not know they qualified. Our free consultation identifies every scheme you are eligible for.