SME Working Capital Loan | OCBC Business Banking Singapore
Working Capital Loan
SME Working Capital Loan

A government-assisted SME loan for your business needs

Why you will love this

Collateral-free* business loan for SMEs

Offered under Enterprise Singapore's Working Capital Loan

Easy to apply with MyInfo

Eligibility

Company must be incorporated in Singapore for at least 2 years

At least 30% Singaporean or PR shareholding

Group annual sales of up to S$100m or group employment size of not more than 200^

Fulfil your cash flow needs or business expansion plans with access to working capital through government-assisted SME funding.

Features and benefits
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Get financing of up to S$300,000, repaid over 5 years

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Approval status in just minutes

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Full disbursement of funds at the start

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No early redemption fees

CALCULATOR

Understanding your savings

Here's an estimate of how much you need to pay

Your monthly payment

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Before you apply

Eligibility

Business registration

The company must be incorporated in Singapore for at least 2 years

Business ownership

At least 30% Singaporean or PR shareholding

Turnover

Group annual sales of up to S$100m or group employment size of not more than 200^


Terms and conditions

Collateral-free

*Terms and conditions apply. OCBC bank requires guarantor(s) to support the loan.

Turnover

^Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

ready to apply?

Get your SME Working Capital Loan today with us

additional information

Some of the common questions that people are asking include:

What are my monthly instalments?

You can use our Business Loan Calculator to view your indicative monthly instalments based on the principal amount, tenor and effective interest rate.

How long does the application process take?

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 granted within 1 business day.

Which financing products are suitable for my business?

Check out our loan recommender for your loan suitability or explore other financing products.

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Our awards and accolades

Asia's Best Bank for SMEs 2019

Euromoney

Asean SME Bank of the Year 2019

Asian Banking & Finance

^Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)
1
For Singaporeans and Permanent Residents, please bring along original copy of:

NRIC

Birth Certificate of Child

For Foreigners, please bring along original copy of:

Passport

Employment Pass (EP); or S-Pass or Student Pass

Passport of Child

Birth Certificate of Child

2
Proof of address (any one of the original documents below):

Phone bill

Half-yearly CPF statement

Any bank statement

3
Initial Deposit

S$0

4
Get a queue number before visiting the branch via Easy Q!