You can use our Business Loan Calculator to view your indicative monthly instalments based on the principal amount, tenor and effective interest rate.
4 steps to your business loan Simple. Fast. Convenient.
Easy to qualify, your business just needs to be 6 months old
No paperwork needed
Borrow up to $100,000 over 4 years, no collateral needed*
Easy application via MyInfo.
Find out your monthly repayment
Understanding your savings
Here’s an estimate of how much you need to pay
Your monthly payment
Business is registered and operating in Singapore between 6 months and 2 years
At least 30% owned by Singaporean or Singapore PR
Employees and turnover
No more than 10 employees or annual turnover not exceeding S$1 million
At least 1 guarantor must be Singaporean or Singapore PR, aged between 21 and 62Guarantors are required to have a minimum income of S$30,000 per annum
2% on the quantum of the loan
Terms & Conditions
*OCBC Bank requires guarantor(s) to support the loan
Get your Business First Loan today with us
The loan application process takes less than 5 minutes when you connect to MyInfo (SingPass) or MyInfo Business (CorpPass). The loan amount approval can be given in 1 business day.
If your application is done via MyInfo (SingPass) or MyInfo Business (CorpPass), no documents are required. If you are proceeding with a manual document upload, you will need your NRIC, letter of consent and Notice of Assessment.
Check out our loan recommender for your loan suitability, or explore other financing products.
Our online loan application works best on Internet Explorer Version 11 or later, Firefox latest 10 versions, Safari version 9 or later and Google Chrome latest 10 versions. If you are having further difficulty, contact us at 1800-BIZLOAN (1800-2495626).
Asia’s Best Bank for SMEs 2019
Asean SME Bank of the Year 2019
Asian Banking & Finance