Boost Bank SME Financing Malaysia 2026: Term Loan Review
Boost Bank SME Financing (Term Loan) offers RM1,000 to RM1,000,000 at rates from 9.9% p.a., with 2-day approval and a fully digital application process. As Malaysia's first homegrown digital bank focused on SMEs, Boost Bank has built its SME financing product for speed and accessibility — though rates are higher than traditional bank options.
Quick Facts
Interest Rates
| Loan Amount | Rate | Tenure |
|---|---|---|
| RM1,000 – RM1,000,000 | From 9.9% p.a. flat | 1–36 months |
Rates are assessed based on business profile, financials, and credit history. The 9.9% floor applies to the strongest applicants.
Eligibility Requirements
You Qualify If...
- Malaysian registered business — sole proprietor, partnership, or Sdn Bhd
- Minimum 51% Malaysian ownership
- At least 1 year in operation
- Applicant is the sole proprietor, director, or partner with at least 15% shareholding
Documents Required
- Latest 6 months company bank statements
- Latest audited report (Sdn Bhd only)
- Latest management accounts
- Individual income tax return — Form B (sole proprietors)
Fees & Charges
| Fee | Amount |
|---|---|
| Stamp duty | As per Stamp Duty Act 1949 |
| Guarantee fee | Applicable |
| Legal fees | Applicable |
| Early termination | Zero (with 2 months written notice) |
| Late payment | 1% p.a. above the interest rate |
Pro Tip
No early termination fee is a real advantage — if your business cash flow improves, you can pay off Boost Bank early without penalty (just give 2 months written notice). This flexibility matters for short-term working capital loans.
Boost Bank vs Other Digital SME Lenders
| Feature | Boost Bank | Funding Societies | Alliance Bank Digital |
|---|---|---|---|
| Rate from | 9.9% flat | 9.6% flat | 5.9% flat |
| Max amount | RM1,000,000 | RM200,000 | RM1,000,000 |
| Max tenure | 36 months | 18 months | 84 months |
| Min business age | 1 year | 6 months | 1 year |
| Approval time | 2 days | Days | ~1 week |
| Early termination | Zero fee | 2% remaining | 2% (>RM200K) |
Boost Bank wins on early termination flexibility and higher max amount vs Funding Societies. Alliance Bank has lower rates but a slower process.
When Boost Bank SME Financing Makes Sense
Best fit for Boost Bank SME Financing
- Need fast approval — 2 days vs 1–2 weeks for conventional banks
- Need RM200,000–RM500,000 (above Funding Societies' cap)
- Want fully digital experience with no branch visit
- Short-term working capital need (12–24 months)
- Plan to pay early — zero early termination fee is valuable
Frequently Asked Questions
Frequently Asked Questions
Need a Smaller Amount Quickly?
For amounts under RM50,000 or if your business is under 1 year old, a personal loan can be faster and simpler to obtain.
Alliance Bank 30% Cashback Campaign — Apply through RinggitPlus by 30 Jun 2026 to earn up to RM46,956 cashback on interest paid.
30% Cashback on interest — valid until 30 Jun 2026
Alliance Bank
CashFirst Personal Loan
4.99% p.a.
RM200,000
RM3,000/mo
12–84 months
30% Cashback on profit paid — valid until 30 Jun 2026
Alliance Bank
CashVantage Personal Financing-i
4.99% p.a.
RM200,000
RM3,000/mo
12–84 months
Al Rajhi
Personal Financing-i
5.27% p.a.
RM250,000
RM3,000/mo
12–96 months
RHB
Personal Financing
7.62% p.a.
RM150,000
RM3,000/mo
12–84 months
* Rates indicative. Cashback subject to Alliance Bank's terms and conditions. Final rate subject to bank assessment. We may earn a referral fee — this does not affect our editorial recommendations.
Disclaimer: Interest rates, loan amounts, and eligibility requirements shown are indicative and subject to change. Contact the respective bank or institution directly for the latest rates and terms. Last reviewed: January 2026.
Check If You Qualify for Boost Bank SME Financing
We assess your profile across multiple lenders — Boost Bank, Alliance Bank Digital, Funding Societies, and government schemes — to find the best fit.
Need Funds While Your Business Loan is Processing?
Personal loans approve in 3–7 days. Alliance Bank 30% cashback campaign ends 30 Jun 2026.
Alliance Bank 30% Cashback Campaign — Apply through RinggitPlus by 30 Jun 2026 to earn up to RM46,956 cashback on interest paid.
30% Cashback on interest — valid until 30 Jun 2026
Alliance Bank
CashFirst Personal Loan
4.99% p.a.
RM200,000
RM3,000/mo
12–84 months
30% Cashback on profit paid — valid until 30 Jun 2026
Alliance Bank
CashVantage Personal Financing-i
4.99% p.a.
RM200,000
RM3,000/mo
12–84 months
Al Rajhi
Personal Financing-i
5.27% p.a.
RM250,000
RM3,000/mo
12–96 months
RHB
Personal Financing
7.62% p.a.
RM150,000
RM3,000/mo
12–84 months
* Rates indicative. Cashback subject to Alliance Bank's terms and conditions. Final rate subject to bank assessment. We may earn a referral fee — this does not affect our editorial recommendations.