Alliance Bank to provide RM200mil in digital SME loans this year


Alliance Bank senior vice president and head of digital SME Kevin Shum

KUALA LUMPUR: Alliance Bank Malaysia Bhd (Alliance Bank) plans to provide an additional RM200 million in Digital SME loans this year to help small and medium enterprises (SMEs) grow their business.

Alliance Bank senior vice president and head of digital SME, Kevin Shum, said that eligible SMEs can obtain up to RM500,000 collateral-free financing via a simple online process that only requires the submission of their six-month bank statement.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Confronting some uncomfortable truths
EPB plans to develop automation and robotic technology
Fixing the creaking public healthcare system
SimeProp in sync with government’s housing aims
Ringgit finds strength amid weak US dollar
The effects of Trump’s protectionist policies if he wins the race
Addressing the immediate need for skilled workers
Seven & i takeover proposal tests Japan’s commitment to M&A
Why are Main Market IPOs declining?
LBS DELIVERS STEADY GROWTH IN Q2FYE2024

Others Also Read