Business first loan

SME loan to help your start-up take off

Why you will love this

Save up to $1,000 with 50% off facility fees

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

At least 1 employee and more than 50% equity owned by individuals

Less than 2 years in operations? Secure a government-assisted business loan at a lower cost to invest in your startup's future. Now you can.

Business First Loan 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 application

Apply online via Singpass with no paperwork needed.

Apply online via Singpass with no paperwork needed.

Fast approval

Fast approval

Get your loan status in just minutes.

Get your loan status in just minutes.

Greater savings on a business loan

50% off facility fee

Save up to S$1,000 when you apply for an OCBC Buiness First Loan online!

Valid till 31 December 2023. Terms and conditions apply.

Why get a business loan?
Ready to apply?

Get your Business First Loan today with us

Calculate your startup loan amount

Easily estimate your monthly start-up loan repayments, which are determined by 3 main factors: loan amount, interest rate, and duration of loan.

1 years
4 years

Estimated monthly instalment


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

Start-up loan 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
At least 1 employee and more than 50% equity owned by individuals. Group annual sales of up to S$100m or group employment size of not more than 200. 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).
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
Documents required for applications
  • All Directors & Guarantors’ NRIC
  • Latest 6 Months bank statement (non-OCBC account holders)
  • Guarantor’s latest 2 Years NOA statement

Facility fees

2% of the approved loan amount (minimum S$500) in addition to the effective interest rate offered to you

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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).
Terms and Conditions
  • +Personal Accident Protection Plan promotion

    Terms and conditions apply. This policy is underwritten by Great Eastern General Insurance Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and member of the OCBC Group. This policy is not a bank deposit or obligation of, or guaranteed by OCBC Bank. The above is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance of financial advice. The precise terms and conditions of the plans are specified in the insurance policy contract. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites.

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