Boost Bank Launches Financing Solutions For SMEs
Boost Bank, one of the three current digital banks in Malaysia has announced the upcoming launch of their new offerings. These are the Term Loan and Revolving Credit will be available for the general public in early October.
These new products underscores Boost Bank’s commitment in driving financial empowerment and inclusivity for both SMEs and MSMEs. It is the first digital bank to offer financial solutions designed to meet the needs of local businesses.
Term Loan facility
This new facility from Boost Bank offers a tenure of up to 36 months, with no early settlement fees. This flexibility will allow businesses to effectively manage their cash flow.
It also comes with flexible repayment options, which ensures that businesses can repay early without any penalty, according to their business cycle.
Revolving credit facility
This facility provides swift access to funds for businesses looking to act on opportunities. It is designed to empower businesses to quickly respond to opportunities and challenges with financial confidence.
This will help businesses meet their unique needs, with the recognition that there is no one-size-fits-all solution.
Boost Bank to serve the underserved
“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,” said Fozia Amanulla, CEO of Boost Bank.
This is a sentiment that is also shared by Sheyantha Abeykoon, Group CEO of Boost, who said;
“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.”
Interested? Here’s how to register your interest
Any businesses that are interested in Boost Bank’s offering can register their interest right here.
Boost Bank will assess applications based on specific criteria, and eligible customers will be contacted directly to discuss financing opportunities tailored to their needs. Self-registration will be available in the coming months.
