Maybank has launched new SME focused financing called SME Perkasa whereby potential recipients could get their loans approved within 48 hours.
The Bank is committing RM1 billion in approvals over the next 12 months, with each eligible business able to access financing of up to RM1 million and a six-month principal payment deferment. The main feature is its speed of access, Maybank says eligible SMEs can receive disbursements within 48 hours upon full document execution.
This will be enabled by a dedicated fast- track credit assessment workflow that draws on customers’ existing transaction and banking relationship data with Maybank to accelerate evaluation.
The offer is available to its existing SME customers across 10 priority sectors affected by the current environment — including logistics, wholesale distribution, construction, food supply chains, fabricated metals and industrial goods, petrol station dealers, agriculture, furniture, machinery importers, and courier services. SME customers from other sectors may also apply, subject to assessment.
“SMEs are navigating a far more demanding operating environment today, with rising costs
and tighter cash flows becoming immediate concerns. In such conditions, access to financing alone is not enough—speed of access is equally critical. With SME Perkasa, we are prioritising both, ensuring businesses can obtain the funding they need within 48 hours, alongside the advisory support to help them respond decisively and stay resilient,” said Syed Ahmad Taufik Albar, Group CEO, Community Financial Services, Maybank.
