KUALA LUMPUR Boost Bank has announced the upcoming launch of its SME financing services in October, which will include a term loan and revolving credit.
In a statement, Boost Bank said the SME financing solutions offer a seamless application process with minimal documentation, no hidden fees, and loan amounts from RM50,000.
It said the product features fast loans processing and are designed to provide flexible financial solutions that cater to the diverse needs of Malaysian SMEs to grow and thrive.
Meanwhile, the term loan facility offers a tenure of 36 months with no early settlement fees.
According to Boost Bank, flexible repayment options ensure that businesses can repay early, without any penalty, whenever it suits their business cycle.
It added that the revolving credit facility provides swift access to funds, empowering businesses to quickly respond to opportunities and challenges with financial confidence.
Boost Bank CEO Fozia Amanulla said it is 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," she said.
Said Boost group CEO Sheyantha Abeykoon: "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.”
