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Loans  

 

 

 

The available loan assistance for your company:

Microloan

 

 

Microloan

 

What is Microloan?

It helps small businesses get fixed interest rate loans of up to S$100,000 that will help them fund the daily operations of their business.

 

Who is eligible?

  1. Registered or incorporated in Singapore
  2. Company has 10 or less employees OR has annual sales not exceeding S$1 million
  3. At least 30% local shareholding

 

Where can you apply?

There are 19 participating institutions - DBS Bank, HSBC, Maybank, OCBC, RHB Bank, Standard Chartered, etc…

 

Interest Rates:

*Minimum 5.75% interest rate for loan tenure of 4 years and below.

* Subject to Participating Financial Institutions’ assessments of risks involved.

 

How to apply?

  1. Download the application form and the application form guide
  2. Submit the Application Form with the supporting documents
  3. Wait 3 weeks for the bank or financial institution to reply. Processing of applications may be longer depending on the size of the loan and other factors.

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