Maybank’s 10-minute loan approval for SMEs

Maybank’s group president and CEO Datuk Abdul Farid Alias said this solution is a breakthrough in its SME financing as it incorporates an enhanced credit tool, which allows the bank to expand its lending relationships beyond what it was doing before.

KUALA LUMPUR: Malayan Banking Bhd unveiled its Maybank SME Digital Financing solution where it takes only 10 minutes to approve loans for small and medium sized enterprise (SME) segment.

Maybank, which unveiled the digital financing solution on Friday, said this was the first in the market to offer an end-to-end digital experience, with full straight-through processing (STP), from application to approval and disbursement.