Business Term Loan

A collateral free business loan to turn ambitions into actions

Why you will love this

Save up to $5,250 with 50% off facility fees

Collateral-free* business loan for SMEs

Provides immediate funds for your business

Who can apply

The company must be locally incorporated for at least 2 years

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

Fast & flexible business funds with lower cost and no collateral.

Features and benefits
Apply online with Singpass

Easy application with Singpass

Apply for your loan entirely online with minimal documents required.

Apply for your loan entirely online with minimal documents required.

Instant approval status on your OCBC Working Capital Loan application

Instant approval status*

No more waiting, be automatically notified of your approval status.

No more waiting, be automatically notified of your approval status.

No early repayment charges

No early repayment charges

Pay off your loan early and save more without penalties

Pay off your loan early and save more without penalties

Plan your business loan

No more guesswork! See exactly how much you can borrow and repay each month.

S$0
S$700000
1 years
5 years
6.75%
8.75%

Estimated monthly instalment

S$0

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.

Greater savings on a business loan

50% off facility fee

Save up to S$5,250 when you apply for an OCBC Business Term Loan online!

Valid till 31 December 2023. Terms and conditions apply.

Ready to apply?

Get your Business Term Loan today with us

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?

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)

Apply online and we will fetch your details via SingPass or CorpPass with minimal documents.

How long does the application process take?
The loan application process takes less than 5 minutes when you connect to MyInfo or MyInfo Business. You will get your loan approval status on the spot*.
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) will be charged in addition to the effective interest rate offered to you.

Terms and Conditions
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