SME Working Capital Loan - Collateral-Free | OCBC Business Banking SG
SME Working Capital Loan

SME Working Capital Loan

A government-assisted SME loan for your business needs

SME Working Capital Loan
Why you will love this

Collateral-free^ business loan for SMEs

Loan amount up to S$500,000

Easy online application

Who can apply

The company must be incorporated in Singapore for at least 2 years

At least 30% Singaporean or PR shareholding

Group annual sales of ≤ S$100m or group employment size ≤ 200^

Fulfil your cash flow needs or business expansion plans with access to working capital through government-assisted SME funding.

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.

Personal Accident Protection

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.

No early redemption fees

No early redemption fees

Promotions
Working Capital Loan Promotion 50% Off Facility Fee

50% off your facility fee#

Apply online to enjoy 50% discount on your facility fee (up to S$500).

Working Capital Loan Promotion 3-months Free Personal Accident Protection Plan

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?
Calculate your loan amount

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

S$0
S$500,000
1 years
5 years
5.75%
7.75%

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 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^

Facility Fee

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

Disclaimers
  • *Instant loan approval status and collateral-free loan

    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.

  • ^Turnover

    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 promotion

    By submitting an application, you agree with the terms and conditions of the promotion.

  • +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.

Ready to apply?

Get your SME Working Capital 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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