Business Term Loan
Turn ambition to action with a business loan
Invest in your business growth plans with fast, flexible financing. Now you can.
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.
Why get a business loan?
Take on projects with a high upfront cost
Get the funds needed to seize the right opportunities at the right time.
Speed up expansion plans
Be able to support rapid business growth or anticipated expansion plans with ease.
Cover a cash flow crunch
Navigate temporary or potential cash shortfalls with affordable short-term financing.
Prepare for the unexpected
Financially prepare your business for the unexpected with an extra line of credit.
Ready to apply?
Get your Business Term Loan today with us
Calculate your loan amount
Check how much it costs to get the funds your business needs.
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
1.5% of the approved loan amount (minimum S$500) 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.
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.
Other products you may like
Short-term Financing
Turn your invoices into cash
Business First Loan
Just started your business? This collateral-free loan of up to S$100,000 is suitable for start-ups as young as 6 months.
Working Capital Loan
Looking to expand your businesses? This government-assisted loan of up to S$500,000 is suitable for businesses looking to increase their working capital.
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