# SJKM Micro-Credit Financing Scheme

What Is It

The SJKM Micro-Credit Scheme is an affordable financing program offered by Bank Simpanan Nasional (BSN) backed by the Malaysian Ministry of Finance. It supports micro-enterprises and small retail traders with working capital loans and equipment financing at low interest rates.

Who Is Eligible

  • Malaysian citizen micro-entrepreneur.
  • Sole proprietorship, partnership, or Sdn Bhd company registered with SSM.
  • Business has been active and operational for at least 6 months.
  • No history of negative CCRIS banking reports.

    • Required Documents

  • Copy of MyKad.
  • Valid SSM Registration Certificate (Form D/Notice of Registration/Sdn Bhd forms).
  • Latest 3 to 6 months' bank statements showing business income.
  • Copy of local authority trade license (PBT license, e.g. DBKL, MBPJ).

    • Step-by-Step Procedure

    1. Choose Financing Category: Visit BSN portal and choose appropriate micro-loans (e.g., BSN Micro Semarak, BSN Micro Belia). 2. Prepare Plan: Draft a simple business description detailing how the funds will be used. 3. Submit Application: Visit a BSN branch office or apply online via BSN business banking portals. 4. Wait for Audit: BSN credit officers review the cash flow and operational history. 5. Loan Approval: Sign the loan agreement upon approval. 6. Fund Disbursement: The loan amount is credited directly to the business bank account.

    Cost & Processing Time

  • Cost: Free application. Low interest rates (usually between 1.5% and 4.0% flat per year). Financing up to RM50,000.
  • Processing Time: 2 to 4 weeks for approval and disbursement.

    • Where to Apply

  • Any Bank Simpanan Nasional (BSN) branch office or BSN commercial finance desk.
  • Website: [BSN Corporate Portal](https://www.bsn.com.my)

    • Important Notes

  • No guarantor or physical collateral is required for loans under RM50,000, making it highly accessible for small traders.