WOWnita

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FOR INDIVIDUAL

FOR BUSINESS

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Standard Chartered brings to you WOWnita, a business financing facility for women entrepreneurs.

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Exclusively for women

A business financing facility exclusively for women entrepreneurs. Benefit from lower financing rates, collateral-free application, quick approvals and flexible plans tailored to your business needs.

Lower financing rate

Shariah-compliant business financing solution with lower financing rates.
Leverage risks

Depending on market conditions, the value of your collateral may fall. You may then be called upon to “top up” your account by substantial or to pay your outstanding credit facilities at short notice. If you fail to do so, the Bank may have to liquidate your collateral at a loss to pay any amount outstanding and you would be liable for any amounts still owing subsequently.

Profit rate risks

The profit rate of your credit facility may increase, resulting in a higher profit payment amount for the facility. An increase in profit rate will in turn reduce the return of investment.

Foreign exchange risks

Your credit facilities may be subject to additional foreign exchange risks if they are taken in a different currency other than of your collateral. If the exchange rate moves against you, the payment amount of the facilities may be affected.

Change in credit Financing to Value (FTV) ratio

FTV ratio are subject to periodic review and may change within a short period of time. When the FTV of your collateral is reduced, you will need sufficient liquidity to pay your outstanding credit financing or pledge additional collateral as security for the credit facility.

Collateral-free application

Simply apply with a guarantee from your board of directors and/or shareholders.
Additional Information
Flexible amounts to choose from

Tailor the best plan for your enterprise with business financing amounts between RM100,000 to RM500,000. Select payment periods between 12 to 84 months to accommodate your financial needs.
Speedy credit approval

Submit the complete documentation and receive approval within two weeks.

Eligibility

Company or business where at least 51% shareholding is owned by a woman and the key person is a woman at point of application.
Application must be for a company or business registered in Malaysia.
Have a minimum business vintage of 3 years.
Age of directors/shareholders/managing director: minimum 25 years, maximum 65 years (at the point of Financing Maturity).

DOCUMENTS REQUIRED

Partners

• Identification document of all partners
• Form D and partnership deed
• Latest income tax form (Form B/BE) for all partners
• Professional certificate (if applicable)
• Latest 6 months bank statement of main operating account
Company

• National Registration Identity Card(s) of directors/ shareholders/guarantor
• Latest income tax form (Form B) of directors/ shareholders/guarantors (if necessary)
• Latest audited financial statements
• Personal guarantee(s) signed by director(s)/ shareholder(s) / Key person
• Board of directors’ resolution
• Section 31(3) of Companies Act 2016
• Certificate of incorporation (Form 9) / Form Under Section 15
• Form 24 / Form Under Section 78, Form 44 / Form Under Section 46(3), Form 49 / Form Under Section 58
• Memorandum and articles of association / Constitution or Confirmation under
• Latest 6 months bank statements of all major operating accounts

Terms and Conditions

Perbankan Islam

Disclaimer

Standard Chartered brings to you WOWnita, a business financing facility for women entrepreneurs.

Exclusively for women

Lower financing rate

Collateral-free application

Flexible amounts to choose from

Speedy credit approval

Eligibility & Documents

Eligibility

DOCUMENTS REQUIRED

Terms and Conditions