SME Working Capital Loan
Working capital to accelerate business growth your way
Fulfil your cash flow needs or business expansion plans with access to working capital through government-assisted SME funding.
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.
Protects you and your business
Up to S$500,000 protection against the loss of key personnel or guarantors to ensure business continuity.
Up to S$500,000 protection against the loss of key personnel or guarantors to ensure business continuity.
Promotions
3 months free personal accident protection+
Enjoy the first 3 months for free and get protected for as low as $0.42 a day for the first year.
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 SME Working Capital 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 incorporated in Singapore for at least 2 years
Business ownership
At least 30% owned by Singaporean or Singapore PR
^Turnover
Group annual sales of up to S$100m or group employment size of not more than 200. Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down).
Facility Fee
Fee
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.
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+Personal Accident Protection Plan promotion
Terms and conditions apply. This policy is underwritten by Great Eastern General Insurance Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and member of the OCBC Group. This policy is not a bank deposit or obligation of, or guaranteed by OCBC Bank. The above is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance of financial advice. The precise terms and conditions of the plans are specified in the insurance policy contract. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites.
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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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