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SME Loans in Budget 2027: RM 57 Billion, and Which One Fits Your Clinic, Salon or Spa
Budget 2027 sets aside RM 57 billion in loans and financing guarantees for small businesses, up from RM 50 billion this year. For a clinic, salon, beauty centre or spa, the most useful parts are Bank Negara's low-rate relief financing, microloans from TEKUN, BSN and AIM, and SJPP and CGC guarantees for owners without collateral.
This guide explains what each one offers, who it is for, and what lenders usually ask to see. It is general information as at October 2026, not financial advice. Check the latest terms with the lender before you apply.
What is in the RM 57 billion?
The government calls 2027 the Year of MSMEs. These are the parts most relevant to a small service business:
| Financing | Budget 2027 amount | Best for |
|---|---|---|
| BNM SME Stabilisation Relief Facility | Extra RM 5 billion, now RM 10 billion in total | Working capital at a capped rate |
| SJPP and CGC guarantees | Up to RM 32 billion | Bank loans when you lack collateral |
| AIM microfinancing | RM 3 billion | Low-income micro entrepreneurs |
| BSN microfinancing | RM 1.7 billion | Youth, gig workers, hawkers |
| TEKUN Nasional | RM 1.3 billion | Bumiputera entrepreneurs |
| TEKUN and AIM | RM 150 million | Indian entrepreneurs |
Microfinancing adds up to RM 6.6 billion in total.
BNM relief financing: up to RM 750,000 at 3.75%
Bank Negara's SME Stabilisation Relief Facility (SME SRF) started in May 2026 for businesses hit by the West Asia conflict and higher energy costs. Budget 2027 doubles it to RM 10 billion and keeps it open until 30 June 2027, or until the money runs out.
- Amount: up to RM 750,000 per SME
- Rate: at most 3.75% a year, guarantee fee included
- Tenure: up to 5 years
- Guarantee: up to 80% from CGC or SJPP, for SMEs without enough collateral
- Use: working capital to keep a viable business running
- Where: apply at participating banks, Islamic banks and development financial institutions
By 30 September 2026, RM 3.8 billion had already been approved for more than 6,800 SME accounts, so it is worth asking your bank early.
Microloans: TEKUN, BSN and AIM
Microloans suit a one-outlet business, a new salon or a home-based beauty therapist who needs a smaller amount.
- TEKUN Nasional (RM 1.3 billion) focuses on Bumiputera entrepreneurs. Apply at a TEKUN branch or on its website.
- BSN (RM 1.7 billion) focuses on youth, gig workers, hawkers and vulnerable groups. Ask at any BSN branch.
- AIM (RM 3 billion, for about 360,000 entrepreneurs) helps low-income households start or grow a micro business.
Each agency sets its own loan limits and conditions, so check with them directly.
Other Budget 2027 help worth knowing
- AI and automation: RM 30 million through MDEC for 4,000 MSMEs. See our Budget 2027 guide.
- Halal certification: a matching grant of up to RM 5,000 for MSMEs certifying for the first time.
- DBKL rent: a 50% rental discount throughout 2027 for more than 10,000 traders at Kuala Lumpur City Hall premises.
Which one fits you?
Made-up examples to show how owners might match their need to a scheme:
| Made-up example | Possible fit |
|---|---|
| Spa with rising electricity bills, needs RM 80,000 working capital | BNM SME SRF through your bank |
| New 2-chair salon, needs RM 20,000 for equipment | TEKUN, BSN or AIM microloan |
| Clinic opening a second outlet, no property to pledge | Bank loan with an SJPP or CGC guarantee |
What do lenders usually ask to see?
Requirements differ, but most lenders ask for:
- SSM registration and the owner's IC
- Bank statements, often for the last 6 months
- Sales records that show steady income
- A short plan for how the money will be used and repaid
- Tax and payroll records, such as EPF and SOCSO payments
Owners who keep sales in a notebook or across several apps often struggle with point 3. Clear monthly reports make it easier for a lender to see that your business is healthy.
How Techub helps you get loan-ready
Techub's systems for clinics, salons, beauty centres and spas keep the records lenders look for:
- Daily and monthly sales reports, by outlet, service and staff
- Payment records for cash, card, e-wallet and online deposits
- Payroll with EPF, SOCSO, EIS and PCB worked out each month
- e-Invoice-ready records, if you choose to issue them
Plans start from RM 99/month per outlet with our Welcome offer (12 months plus 2 months free, only RM 84.86 a month on average) for the first 250 users until 31 Dec 2026, or RM 178 month by month, and new users get the first 3 months free, including installation and staff training. See pricing for details.
Sources: Bernama, Bank Negara Malaysia, The Edge Malaysia, Fintech News Malaysia.
Questions people ask
How much SME financing is in Budget 2027?
RM 57 billion in loans and financing guarantees, up from RM 50 billion. It includes RM 6.6 billion in microfinancing, up to RM 32 billion in SJPP and CGC guarantees, and an extra RM 5 billion for Bank Negara's SME relief facility.
What is the BNM SME Stabilisation Relief Facility?
It is Bank Negara financing of up to RM 750,000 per SME at a rate of at most 3.75% a year, for up to 5 years, with up to 80% guaranteed by CGC or SJPP. Budget 2027 raised it to RM 10 billion, and it is open until 30 June 2027 or until fully used. Apply at participating banks.
Can a small salon or beauty centre get a TEKUN or BSN loan?
Yes, microloans are meant for small businesses like these. Budget 2027 gives TEKUN RM 1.3 billion, mainly for Bumiputera entrepreneurs, and BSN RM 1.7 billion for youth, gig workers and hawkers. Each sets its own limits, so ask them directly.
See it running in your business
Want sales reports that make your loan application easier? Book a free demo with us on WhatsApp.
From RM 99/month per outlet · 3 months free
