SME Working Capital Loan
Working capital to help you ease business operation costs
Fulfil your business cash flow needs or expansion plans and enjoy 60% off your facility fee*
Plan your business loan
Every business is unique. Input your business specifics and get tailored results so there’ll be no more guesswork!
Determine exactly how much you can borrow and repay each month. Let our loan calculator guide your financial strategy, so you can invest confidently in your business’ growth.
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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Get your SME Working Capital Loan today with us
FAQS
Common questions
Why get a business loan?
The OCBC Working Capital Loan is a government-assisted loan that helps SMEs across all industries get access to working capital for their business needs – expansion or running day-to-day operations better. Some of the most 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
- Prepare for the unexpected
Who can apply?
The OCBC Working Capital Loan is suitable for businesses that are:
- Sole Proprietor, Partnership, or Private Limited Company, 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
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.
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.
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Terms and Conditions
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Standard Terms and Conditions Governing Banking Facilities
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Terms and Conditions Governing Business Loans
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