Business first loan

Grow your startup with additional funds at a lower cost - enjoy 50% off facility fees on a startup loan

Why you will love this

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

Fast application within 5 minutes

Enjoy 50% off facility fees

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? Seize this opportunity to get up to S$100K and save up to S$1,000 on facility fees.

Plan your business loan

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
5 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.

Ready to apply?

Get your Business First Loan today with us

Common questions
Why get a business loan?

The OCBC Business First Loan is a government-assisted loan that is great for young businesses between 6 months to 24 months to access financing quickly and easily. Get a jumpstart. Some of the most common reasons to get your first business loan are:

  • Build a strong and reliable financial record that will help you realise your business goals
  • Take on projects with a high upfront cost or have standby cash to seize opportunities at the right time
  • Speed up expansion plans and ride the rapid growth in business with ease
  • Cover a cash flow crunch
  • Prepare for the unexpected
When will I get a reply?

The loan application process takes less than 5 minutes when you apply through MyInfo or MyInfo Business. Our Business Development Managers will get back to you within 3 business days.

Who can apply and what documents do I need to prepare?

The OCBC Business First Loan is suitable for businesses that are:

  • Sole Proprietor, Partnership, or Private Limited Company, registered and operating in Singapore for a minimum of 6 months
  • At least 30% local shareholding (Singaporeans / PRs)
  • 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)

Apply online and we will fetch your details via MyInfo (SingPass) or MyInfo Business (CorpPass) with minimal documents required. Please prepare the following:

  • Login Details for Corppass and Singpass
  • Latest 6 Months bank statement (non-OCBC account holders)
  • Guarantor’s latest 2 Years NOA statement (not required with SingPass authentication)
  • All Directors & Guarantors’ NRIC (not required with SingPass authentication)
Will my lack of credit history be a problem?

A lack of credit history isn’t necessarily a problem. Credit history is just one aspect of what we consider when assessing a business loan application.

Are there any penalties for repaying my loan earlier and any other fees I should be prepared for?

There are no prepayment fees for repaying your loan earlier.

A facility fee of 2% of the approved loan amount (minimum S$500) is charged in addition to the effective interest rate offered to you. From now till 31 December 2024, apply online to enjoy 50% off facility fees, saving you up to S$1,000. Terms and conditions apply.

Additional lending options for your business

OCBC Short-term Financing

Unlock funds from your unpaid business invoices. Receive payments immediately instead of waiting up to 30, 60, 90, or even 120 days.

OCBC Revolving Term Loan

Access financing whenever you need it, without the hassle of reapplying unlike business loans or overdrafts.

OCBC Commercial Property Loan

Secure attractive rates to own your first commercial property or expand your business premises.

Terms and Conditions
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