Processing time depends on the complexity of case. It is advised that you come to us as soon as you are anticipating the Contract will be awarded to you for preliminary discussions.
OCBC CONTRACT FINANCING
Achieve greater heights with OCBC Contract Financing
Customised funding designed to help you fulfil your contract needs
Features and benefits
Assurance of ample funding
Contract Financing is tied to your specific contracts so you can focus on completing your contracts without worrying about funding availability.
Contract Financing is tied to your specific contracts so you can focus on completing your contracts without worrying about funding availability.
Finance your local & overseas contract needs
From subcontractor cost to payment for materials sourced both locally or overseas, Contract Financing offers a wide financing range to meet your needs.
From subcontractor cost to payment for materials sourced both locally or overseas, Contract Financing offers a wide financing range to meet your needs.
Types of facilities
- Overdraft
- Performance guarantee
- Invoice financing and many more
- Overdraft
- Performance guarantee
- Invoice financing and many more
Process
How does OCBC Contract Financing work?
Before you apply
Eligibility requirements
Business registration
Business is registered and operating in Singapore for at least 2 years
Business ownership
At least 30% owned by Singaporean or Singapore PR
Guarantor
At least 1 guarantor must be Singaporean or Singapore PR, aged between 21 and 62
Available contract
Has a contract awarded or expected to be awarded
Terms & conditions
Requirement
OCBC Bank requires guarantor(s) to support the loan
Additional collateral may be required on a case-by-case basis
FAQS
Common questions
How long does the application process take?
What documents are needed?
Our relationship managers will be in contact with you to advise on the documents required.
Which financing products are suitable for my business?
Our relationship managers will be in contact with you to advise on facilities suitable for your financing needs.
My Company is shortlisted but the Contract has not been awarded yet, am I able to apply?
Yes. We encourage customers to come to us once they know they are shortlisted or expected to be awarded the Contract.
The Contract awarded is not a local contract, am I still eligible?
Yes. The bank supports financing of both local and overseas contracts.
Ready to apply?
Speak to us about contract financing today
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