Business Term Loan
Secure extra cash at a reduced cost
Watch your business take flight. Save with 50% off facility fees so you can turn your business ambitions into action.
Plan your business loan
No more guesswork! See exactly how much you can borrow and repay each month.
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.
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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.
Who can apply for the OCBC Business Term Loan?
The OCBC Business Term Loan is suitable for businesses that are:
- Local businesses registered and operating in Singapore for a minimum of 2 years
- At least 30% local shareholding (Singaporeans / PRs)
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.
A facility fee of 1.5% of the approved loan amount (minimum S$500) is charged in addition to the effective interest rate offered to you.
Additional lending options for your business
Terms and Conditions
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Standard Terms and Conditions Governing Banking Facilities
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Terms and Conditions Governing Business Loans
Download the Terms and Conditions Governing Business Loans. -
*Terms and Conditions Governing the Business Loans Promotion
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