Revolving Term Loan

Roll in more business opportunities with a flexible short-term loan

Why you will love this

Pay interest only on the amount you borrow

Ideal for managing seasonal and unexpected cashflow challenges

Flexible drawdown and no early repayment fees

Who can apply

The company must be incorporated and operating in Singapore

At least 30% of the company owned by Singaporeans / PRs

Capture golden opportunities and handle any unexpected costs that come along.

What is a Revolving Term Loan?

An OCBC revolving term loan is a flexible short-term loan option for businesses that is particularly useful when the specific time and amount of funds needed are difficult to determine. With the loan on hand, funds are always quickly available - whether it is for sudden unexpected cost or to capture business opportunities. No interest is charged if the loan is not utilised. It can be repaid anytime without an early repayment fee, and once repaid, can be used again without the need to reapply.

How can a Revolving Term Loan benefit you?
Fast access to financing

Fast access to financing

Receive funds within 1 working day

Manage seasonality

Manage seasonality

Repeated drawdowns from S$10,000 in multiples of S$5,000 within your approved limits

Flexible repayment

Flexible repayment

Repay in 6- or 12-months without early prepayment fees

How does a Revolving Term Loan work?

Once you draw down on your Revolving Term Loan, it operates entirely like a term loan. You will be required to pay interest and principle on a monthly basis through an equal repayment schedule. Here are the key terms of a Revolving Term Loan:


Up to S$200,000


6- or 12-month repayment period for each withdrawal

Interest rate


Processing fee


What’s the difference between a Revolving Term Loan and term loans?

Based on your business needs, having a Revolving Term Loan and term loan together can be beneficial for your business. The key differences between both loans are listed in the table below.

  • Revolving Term Loan
  • Business Term Loan
Revolving Term Loan Business Term Loan
Key characteristics A short-term loan that lets you drawdown, repay, then redraw funds as and when needed Longer term loan with upfront access to funds
Loan quantum Flexible within approved limits Fixed on acceptance
Loan tenure 6- or 12-months Fixed on acceptance
Drawdown frequency Unlimited up till the approved limit Only once
Interest Starts only when utilised Immediately when loan amount gets credited into your bank account

No more guesswork! See exactly how much you need to repay each month for the amount you drawdown on.


0 month
12 months

Monthly repayment for 6 months


Total interest you will pay


Disclaimer / Important Notice
The figures generated by this calculator are intended as a guide only, based on information that you provide. This shall not, and is not intended to, constitute a commitment that rates offered to you will necessarily be better than those generated by the calculator, and, in particular, is not a commitment to provide any financing. Rates will be determined according to, among other things, our analysis of your risk profile. Any financing is subject to terms and conditions.

Drawdown process (for existing customers)

If you would like to have multiple drawdowns, you may indicate your requests in the same email.


Send drawdown request

Email us your drawdown request


Funds received

Receive your funds within 1 working day

Before you apply

Eligibility requirements

Business registration

The company must be locally incorporated for at least 2 years

Business ownership

At least 30% of the company owned by Singaporeans / PRs

Terms and conditions

*Terms and conditions apply. OCBC bank requires guarantor(s) to support the loan.

Standard Terms and Conditions Governing Banking Facilities

Terms and Conditions Governing Business Loans

Common questions
How much do I have to repay every month for my loan?

You can use our Loan Calculator to calculate the amount of expected monthly repayment based on your drawdown amount by following these steps:

Step 1: Go to our Loan Calculator

Step 2: Indicate your drawdown amount

Step 3: Choose your preferred repayment period of either 6 or 12 months

Voila! Your repayments are calculated based on the amount and repayment period to be drawdown at the effective interest rate of 8.88% p.a.

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

How soon can I get the funds once I submit the drawdown instruction to

Funds can be ready for use in 1 working day for requests submitted before 12pm on the condition that there are no errors in the instructions such as wrong email template or incomplete information. Otherwise, the bank will contact you within 24 hours to assist you directly.

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

The OCBC Revolving Term Loan is suitable for businesses that are:

  • Sole Proprietor, Partnership, Limited Liability Partnerships or Private Limited Company, registered and operating in Singapore for a minimum of 2 years
  • At least 30% local shareholding (Singaporeans / PRs)

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
  • Entity’s profit and loss statement and balance sheet for the latest 2 years
  • 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)
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 Business Term Loan

A longer-term loan that lets you borrow up to $700,000 to achieve your long-term business goals.

OCBC Commercial Property Loan

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

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