Unsecured Business Term Loan for SMEs | OCBC Business Banking SG
Business Term Loan

Business Term Loan

A collateral-free loan that provides immediate funds for your business

Business Term Loan
Why you will love this

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

An SME loan for your day-to-day operations. Use it for business expansion or contingency for your working capital.

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.

Online Exclusive Promotion

Enjoy 50% off your facility fee when you apply online

  1. Complete your Business Term Loan application online.
  2. Enjoy 50% discount on your facility fee (up to $500)^.


By submitting an application during this period, you agree with the ^terms and conditions of the promotion.

Why get a business loan?
Calculate your loan amount

Check how much it costs to get the funds your business needs.

S$0
S$400000
1 years
5 years
8.88%
10.88%

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.

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

Facility Fees

Fees
2% of the approved loan amount in addition to the effective interest rate offered to you

Terms and conditions

Guarantor
*Terms and conditions apply. OCBC bank requires guarantor(s) to support the loan. OCBC reserves the right, in its sole and absolute discretion, not to give an approval on credit facilities the Applicant has expressed an intent to apply for. Instant in-principle loan approval status is only applicable for Singapore incorporated companies and will be subject to formal approval checks by OCBC Bank.

Ready to apply?

Get your Business Term Loan today with us

FAQS
Common questions
What are my monthly instalments?
You can use our Business Loan Calculator to view your indicative monthly instalments based on the principal amount, tenor and effective interest rate.
How long does the application process take?
The loan application process takes less than 5 minutes when you connect to MyInfo or MyInfo Business. The loan amount approval can be granted within 1 business day.
Which financing products are suitable for my business?
Check out our loan recommender for your loan suitability or explore other financing products.
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