Business First Loan - SME Micro Loan | OCBC Business Banking SG
Business First Loan

Business first loan

4 steps to your business loan Simple. Fast. Convenient.

Business First Loan
Why you will love this

Easy to qualify, your business just needs to be 6 months old

No paperwork needed

Simple online application

Who can apply

Business is registered and operating in Singapore between 6 months and 2 years

At least 30% owned by Singaporean or Singapore PR

No more than 10 employees or annual turnover not exceeding S$1 million

Government-assisted loan. Easy application via MyInfo.

Features and benefits
Lower cost

Lower cost

Attractive interest rates with repayment over 4 years.

Attractive interest rates with repayment over 4 years.

Secure and simple

Secure and simple

Auto-fill your details via MyInfo (SingPass), with no paperwork needed.

Auto-fill your details via MyInfo (SingPass), with no paperwork needed.

Fast approval

Fast approval

Get your loan status in just minutes.

Get your loan status in just minutes.

Online Exclusive Promotion

Enjoy 50% off your facility fee when you apply online

  1. Complete your Business First Loan application online.
  2. Enjoy 50% discount on your facility fee (up to $500)^.


By submitting an application during this period, you agree with the ^terms and conditions of the promotion.

Why get a business loan?
Calculate your loan amount

Check how much it costs to get the funds your business needs.

S$0
S$100,000
1 years
4 years
7.75%
9.75%

Estimated monthly instalment

S$0

Apply now

Disclaimer / Important Notice
This is not a financing offer from OCBC Bank. The computations shown are based on the information provided by you. These computations are intended to give an indication of repayment information based on certain loan parameters, and are provided solely for reference only. Actual interest rates may differ and may be higher than what is shown here. We hereby disclaim any responsibility for any errors or omissions in the computations or past transaction values reflected. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of relying on the computations and/or past transaction values reflected. For the applicable terms and conditions of any financing offer made to you by OCBC Bank, please refer to the relevant Letter(s) of Offer issued.

Before you apply

Eligibility requirements

Business registration
Business is registered and operating in Singapore between 6 months and 2 years
Business ownership
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
Guarantor
At least 1 guarantor must be Singaporean or Singapore PR, aged between 21 and 62 Guarantors are required to have a minimum income of S$30,000 per annum

Facility fees

Fees
2% of the approved loan amount in addition to the effective interest rate offered to you

Terms & conditions

Guarantor
*Terms and conditions apply. OCBC bank requires guarantor(s) to support the loan. OCBC reserves the right, in its sole and absolute discretion, not to give an approval on credit facilities the Applicant has expressed an intent to apply for. Instant in-principle loan approval status is only applicable for Singapore incorporated companies and will be subject to formal approval checks by OCBC Bank.

Ready to apply?

Get your Business First Loan today with us

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FAQS
Common 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 given in 1 business day.
What documents are needed?
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.
Which financing products are suitable for my business?

Check out our loan articles for more information, or explore other financing products.

What browsers are supported?
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).
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