Business first loan
SME loan to help your start-up take off
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
Attractive interest rates with repayment over 4 years.
Attractive interest rates with repayment over 4 years.
Secure and simple application
Apply online via Singpass with no paperwork needed.
Apply online via Singpass with no paperwork needed.
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?
Take on projects with a high upfront cost
Get the funds needed to seize the right opportunities at the right time.
Speed up expansion plans
Be able to support rapid business growth or anticipated expansion plans with ease.
Cover a cash flow crunch
Navigate temporary or potential cash shortfalls with affordable short-term financing.
Prepare for the unexpected
Financially prepare your business for the unexpected with an extra line of credit.
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.
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.
How to apply for a start-up loan
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).
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
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
Fees
2% of the approved loan amount (minimum S$500) in addition to the effective interest rate offered to you
Other products you may like
Commercial Property Loan
Own or refinance your commercial property at low rates
Business Term Loan
Fund your business expansion or enhance day-to-day operations.
Short-term Financing
Turn your invoices into cash
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).
Terms and Conditions
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+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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Standard Terms and Conditions Governing Banking Facilities
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Terms and Conditions Governing Business Loans
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