Online Business Financing (OBF) by SME Bank (in collaboration with NEF)

SME Bank presents the Online Business Financing (OBF) Program, a one-of-a-kind initiative designed to help entrepreneurs like you establish a viable online business presence.

You are a savvy tech user – you can see the vast potential of the internet and the power of social media. Are you ready to take the next step towards achieving all of your dreams?

SME Bank cooperated with the Malaysian Association of Bumiputera ICT Industry and Entrepreneurs (NEF) to provide financing packages to eligible members of NEF involved in online businesses.

Who Can Apply For This Program?

1. Malaysian Bumiputera entrepreneurs involved in online businesses.
2. Registered with the Malaysian Association of Bumiputera ICT Industry and Entrepreneurs (NEF).
3. Full time in managing the online business and has been active for the last 1 year.
4. Has at least 6 months online business involved in selling physical, digital product(s) and services.
5. Have visible online business by having at least ONE (1) of the followings:
  • Facebook Fanpage or any other social media tools.
  • Blog or website (minimum of 4 pages / posting).
  • Store Account / Premium Account (, eBay, Lelong).
  • Registered with dropship platform.
6. The business is registered with Suruhanjaya Syarikat Malaysia (SSM) or other authorized registering bodies under a sole-proprietorship or partnership firm or Syarikat Sendirian Berhad (Sdn Bhd). (For Sdn Bhd – the applicant must hold at least 51% majority shares).
7. Meets all the criteria determined by the SME Bank

Summary Table of Financing Plan

Financing Amount

Minimum Maximum
RM20,000 RM500,000

Online Business Financing (OBF) Group

Financing up
Financing up
Financing up
Financing up
Cost to create online platform, fees and advertising.
Yes Yes Yes Yes
Cost to finance working capital (for existing players and enhancement from OBF 1, 2 & 3)
No Yes Yes Yes
Cost of purchasing machineries and equipment.
No No No Yes

OBF Applicant Category


  • Sell several products to end users.
  • Place orders with supplies after obtain confirmed orders from customers.
  • Supplier will send the goods directly to the customers.
  • Not keeping any stocks in hand.


  • Keep the stocks in hand.
  • Directly send the goods to the end users after receiving the confirmed orders.


  • Ordering the goods or products from suppliers.
  • Put their own brand on the goods or products before selling it to the end users.


  • SMEs who designed and produced their own goods or products
  • Using online platform to market their own goods or products.

Financing instrument and payment period.

  1. Maximum 5 years inclusive of maximum 1 year grace priod. (Terms and conditions apply).
  2. You may required to deposit 10% as collateral for every disbursement made.
  3. Profit rate at 7% per annum (Annuity Monthly Rest).
  4. A TWO (2) month of security deposit to be imposed upfront prior to disbursement.

Sample of Payment Schedule


1. The maximum financing tenure is 60 months inclusive maximum of 12 months grace period.
2. The payment amount above is based on estimation. The final payment amount will be advised by the officer.


Last modified: 5th August 2016 at 01:11

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