Flexible financing solutions for your SME
Special Promotion
Choose a loan that best fits your business needs.
GET A LUMP SUM LOAN OR A CREDIT LINE TO DRAW FROM
We understand that every business have unique financial requirements. That is why we offer two distinct loan options – each tailored to match your repayment preference and the stage of your business journey.
Get lump sum working capital financing with fixed monthly repayments and tenure of up to 5 years. Predictable payments make it easier to plan your cash flow.
Ideal for::
When you know how much you need and what it’s for such as purchasing technology needs for your business, stocking up on high cost inventory, renovation, or hiring etc.
Celebrate this SG60
Take a fixed monthly payment loan with us and get 60% off your Facility Fee. Terms and conditions apply.
Take a fixed monthly payment loan with us and get 60% off your Facility Fee. Terms and conditions apply.
Collateral-free financing up to S$1,000,000
Apply for a Term Loan without collateral and enjoy low interest rates. Terms and conditions apply.
Apply for a Term Loan without collateral and enjoy low interest rates. Terms and conditions apply.
No early repayment charges
Enjoy flexibility with the option to repay early at no additional cost.
Enjoy flexibility with the option to repay early at no additional cost.
No more guesswork. Find out how much you need to repay each month for the amount you draw down on.
Disclaimer / Important Notice
This is not a financing offer from OCBC Bank or a commitment to provide any financing. 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 extended to you by OCBC Bank,
please refer to the relevant facility letter(s) issued.
A Revolving Term Loan credit line, provides flexible access to funds whenever you need them Gain cashflow control, with funds always on standby and save by paying interest on only what you use. Predictable repayment terms over 6 or 12 months.
Ideal for:
SMEs with funding needs that changes from month to month, managing seasonal sales or supplier payments, paying upfront for large customer orders or simply wants a standby facility to prepare for future opportunities or unexpected expenses.
Celebrate this SG60!
Enjoy 60% annual fees in your first year with us
Enjoy 60% annual fees in your first year with us
Pay interest only on what you use
Optimise costs by paying interest solely on the amount utilised.
Optimise costs by paying interest solely on the amount utilised.
Flexible drawdown, no early repayment fees
Withdraw as needed and repay early without extra charges.
Withdraw as needed and repay early without extra charges.
No more guesswork. Find out how much you need to repay each month for the amount you draw down on.
Disclaimer / Important Notice
This is not a financing offer from OCBC Bank or a commitment to provide any financing. 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 extended to you by OCBC Bank,
please refer to the relevant facility letter(s) issued.
KEY DIFFERENCES
Based on your business needs, having a Term Loan and/or Revolving Term Loan together can be beneficial for your business. The key differences between both loans are listed in the table below.
- Term Loan
- Revolving Term Loan
| Term Loan | Revolving Term Loan | |
|---|---|---|
| Key characteristics | Longer term loan with upfront access to funds |
A credit line that lets you drawdown, repay, then redraw funds as and when needed |
| The loan is great for |
|
|
| Loan amount | Up to S$1,000,000 |
Up to S$200,000 |
| Repayment period | 1 - 5 years |
6 or 12 months |
| Interest rate* |
7.75% |
8.88% |
| Drawdown frequency | Only once |
Unlimited up till the approved limit |
*We will review your application and let you know the outcome. The actual loan amount granted may differ from that requested by you or from the estimated amount we will provide or have provided. We will inform you of the applicable interest rate if your application is successful.
Before you apply
Eligibility requirements
Term Loan
- Local business registered and operating in Singapore for a minimum of 6 months
- At least 30% local shareholding (Singaporean / PR)
Revolving Term Loan
- Local business registered and operating in Singapore for a minimum of 2 years
- At least 30% local shareholding (Singaporean / PR)
Terms and conditions
Standard Terms and Conditions Governing Banking Facilities
Download the Standard Terms and Conditions Governing Banking Facilities.
Terms and Conditions Governing Business Loans
Download the Terms and Conditions Governing Business Loans.
Terms and Conditions Governing the Business Loans Promotion
Download the Terms and Conditions Governing the Business Loans Promotion.
READY TO APPLY?
Get your business loan with us today.
Enjoy a fuss-free application process with flexible financing.
or, if you need more information,
FAQS
Common questions
Why get a business loan?
Common reasons to get a business loan are:
- 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.
What are the documents I should prepare?
- Login details for MyInfo Business or Singpass
- Entity’s latest 2 years profit and loss statement and balance sheet (applicable for Pte Ltd/LLP with turnover > S$5million)
- Latest 6 months bank statement (non-OCBC account holder)
- All non-Singaporean/PR Guarantor's ID documents (not required with MyInfo Business or SingPass authentication)
- Guarantor’s latest 2 years NOA statement (not required with MyInfo Business or SingPass authentication
How long does the application process take?
The loan application process takes less than 5 minutes when you connect to MyInfo or MyInfo Business.
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.
For Revolving Term Loan
How frequent can I drawdown on my approved limit?
You can drawdown as many times as you need to as long as there is an available limit of at least S$10,000 on your loan. The minimum amount required for every drawdown is S$10,000, and drawdown amounts must be in multiples of S$5,000.
Who should I contact if I need to know what is my available limit?
You may contact us at:
OCBC Business Banking Commercial Service Centre
+65 6538 1111
Monday to Friday, excluding public holidays
8am – 8pm
OUR AWARDS AND ACCOLADES
Best SME Bank in Asia-Pacific
2023 - 2024 Global Finance
2024 The Asian Banker
Best Trade Finance Bank in Singapore
2018 - 2024 Asian Banking and Finance
2019 - 2023 The Asian Banker
Best Transactional Banking Online Platform in Southeast Asia
2018 - 2024 Alpha Southeast Asia
