Business Term Loan
A collateral free business loan to turn ambitions into actions
Fast & flexible business funds with lower cost and no collateral.
Features and benefits
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*
No more waiting, be automatically notified of your approval status.
No more waiting, be automatically notified of your approval status.
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.
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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*Instant loan approval status and collateral-free loan
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.
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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 Online Loan Application Promotion
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