SME Working Capital Loan - Collateral-Free | OCBC Business Banking SG
Working Capital Loan
SME Working Capital Loan

A government-assisted loan, enhanced for your business needs

Why you will love this

Collateral-free* business loan for SMEs

Offered under the Enterprise Financing Scheme, enhanced in 2020

Apply for your loan safely online. No physical contact needed

Eligibility

The 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^

Enhanced support for your business, now up to $1,000,000, as announced in Budget 2020.

Features and benefits
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Financing up to S$1,000,000, 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 processing fees

CALCULATOR

Understanding your savings

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

Your monthly payment

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Loan approval in minutes

Be minutes away from fulfilling your business ambitions with OCBC Business Loan. Apply using MyInfo and get to success the simple, fast, and convenient way.

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)

Need help with your existing loan?

Request for a deferment of principal payments on your business loans today.

additional information

Commonly asked questions:

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

Singapore's Best Bank for SMEs 2019

Asiamoney

^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!