Business loans · lenders’ own pages
Business loan requirements and rates in Singapore, lender by lender
What each Singapore lender says it needs before it lends to your business, and what it charges, read from the lenders’ own pages and Enterprise Singapore’s.
Government share of the risk, EFS working capital loans
70% to 31 Mar 2027
Normally 50%. A bigger share means lenders take less risk on the loan; you still repay all of it. Up to $500,000 a borrower, over up to 5 years.
Enterprise Singapore. EFS working capital loan
$100,000 over 3 years, at published starting rates
6.00%–13.23% effective a year
6 loans that publish a rate and how it is charged, with their published fees (DBS’s fee isn’t published). A rate quoted as “simple” comes to nearly twice that as an effective rate.
How to apply: through any lender marked EFS, or on Enterprise Singapore’s ESIMS portal with Corppass. The 70% risk share runs to 31 Mar 2027. Enterprise Singapore
In short
Lenders that publish their rules want a business registered and operating in Singapore, and government-backed (EFS) loans need it at least 30% owned by Singaporeans or PRs. Some add more: UOB’s BizMoney needs 1 year in business, OCBC’s SME Working Capital Loan and Maybank’s Business Term Loan 2 years, Funding Societies 6 months and S$500,000 of sales, Standard Chartered 3 years and S$750,000 of sales. We have read 17 of the 18 lenders below (23 loans); 11 publish rules of their own, and the rest list none before you apply.
Which lenders’ published rules does your business meet?
Pick the case closest to yours, or put in your own. Every loan below is checked against the rules its lender publishes, and EFS loans against the scheme’s rules as well.
The rules are each lender’s own words, read 3 Nov 2026; the scheme’s rules are added to every EFS loan. Every rule, word for word.
Every lender and loan
What each lender says on its own page about how much it lends, for how long, at what price, for what fees, and to whom. “Not stated” means the page doesn’t say: ask the lender before you apply.
| Lender and loan | Borrow | Repay over | Price, as published | Fees | Rules it publishes |
|---|---|---|---|---|---|
| DBS SME Working Capital Loan EFSBank | Up to $500,000 | Up to 5 years | From 6% a year, effective (about 3.2% a year as simple interest on S$100,000 over 5 years, DBS says) | Processing fee: not stated (DBS shows a processing-fee discount for applications by 30 Nov 2026) | 30% local · SME size In its words |
| DBS Business Term LoanBank | Up to $500,000 | Up to 5 years | From 6% a year, subject to DBS’s assessment | Processing fee: not stated | None published In its words |
| UOB BizMoneyBank | Up to $350,000 | Up to 5 years | 10.88% a year: UOB’s Business Board Rate (8% now) plus 2.88%, so it moves with the board rate | Facility fee 2% of the approved loan; annual fee S$500 a year | 1 year in business · 30% local · no LLPs In its words |
| UOB SME Working Capital Loan EFSBank | Up to $500,000 | Up to 5 years | Not stated | Not stated | 1 year in business · 30% local · no LLPs · SME size In its words |
| OCBC SME Working Capital Loan EFSBank | Up to $500,000 | 1 to 5 years | From 6.75% a year, effective (EIR); OCBC’s calculator shows 6.75% to 8.75%. The facility fee comes on top | Facility fee 1.5% of the approved loan (at least S$500), on top of the interest rate; OCBC shows 50% off the facility fee (T&Cs apply) | 2 years in business · 30% local · no LLPs · SME size In its words |
| OCBC Business First Loan EFSBank | Up to $100,000 | 1 to 5 years | Indicative 7.75% to 11% a year, effective (EIR), from OCBC’s calculator. The facility fee comes on top | Facility fee 2% of the approved loan (at least S$500), on top of the interest rate; OCBC shows 50% off the facility fee (T&Cs apply) | 6 months to 2 years in business · 30% local · no LLPs · SME size In its words |
| Maybank SME Working Capital Loan EFSBank | Up to $500,000 | Up to 5 years | “Attractive loan interest rates”; no figure published | “Low processing fee”; no figure published | 30% local · SME size In its words |
| Maybank Business Term LoanBank | Up to $500,000 | Up to 5 years | Not stated | Not stated | 2 years in business · 30% local In its words |
| Standard Chartered Business Instalment LoanBank | Up to $500,000 | 1 to 5 years | Board rate 9.00% a year; the rate for each loan is “subject to Bank’s approval” | First-year annual fee up to 2% of the approved loan (at least S$400), then S$100 a year | 3 years in business · sales $750,000+ · 50% local · no LLPs In its words |
| Standard Chartered SME Working Capital Loan EFSBank | Up to $500,000 | 1 to 5 years | “Competitive market rates”, worked out against the 9.00% board rate | First-year annual fee up to 2% of the approved loan (at least S$400), then S$100 a year | 3 years in business · sales $750,000+ · 30% local · no LLPs · SME size In its words |
| HSBC SME Working Capital Loan EFSBank | Up to $500,000 | Up to 5 years | Not stated | Not stated | 30% local · SME size In its words |
| CIMB BizAssist (EFS working capital loan) EFSBank | Up to $500,000 | Up to 5 years | “Competitive rate”, subject to CIMB’s assessment | Not stated | 30% local · SME size In its words |
| RHB SME Working Capital Loan EFSBank | Up to $500,000 | Up to 5 years | Not stated | Not stated | 30% local · SME size In its words |
| Hong Leong Finance SME Working Capital Loan EFSFinance company | Up to $500,000 | Up to 5 years | Fixed rate; the rate itself is not stated | Not stated | 30% local · SME size In its words |
| Funding Societies (FS Capital) Business Term Loan PRONon-bank lender | $100,000 to $300,000 | 12 to 18 months | From 0.8% a month, subject to final credit underwriting | Origination fee from 3.5% | 6 months in business · sales $500,000+ · 30% local In its words |
| Funding Societies (FS Capital) Business Term LoanNon-bank lender | $300,000 to $1,000,000 | Up to 1 year | From 0.8% a month, subject to final credit underwriting | Origination fee from 5% | 6 months in business · sales $500,000+ · 30% local In its words |
| GXS Bank FlexiLoan Biz (credit line)Digital bank | Up to $150,000 | 2 to 36 months | From 4.99% a year (EIR 9.32% on an average S$10,000 over 24 months, GXS says) | No annual fee, no early repayment fee, disbursal fees waived | None published In its words |
| MariBank Mari Business Loan (Term Loan)Digital bank | $10,000 to $500,000 | 1 to 5 years | From 4.5% a year simple interest, the lowest rate MariBank publishes | Processing fee 1.5% of the loan, taken off the amount paid out | None published In its words |
| ANEXT Bank Pay Monthly term loanDigital bank | $5,000 to $500,000 | 1 to 5 years | Fixed rate; the rate itself is not stated | One-time facility fee of up to 2% of the loan or S$200, whichever is higher | None published In its words |
| ETHOZ Capital SME Working Capital Loan EFSFinance company | Up to $500,000 | Up to 5 years | Not stated | Not stated | 30% local · SME size In its words |
| GB Helios (was Goldbell Financial Services) Unsecured Term LoanFinance company | Up to $80,000 | Up to 1 year | Not stated | Not stated | 1 year in business In its words |
| IFS Capital Working Capital LoanFinance company | $10,000 to $500,000 | 1 to 5 years | Not stated for the loan; IFS publishes an SGD Enterprise Base Rate of 7.5% a year (since 24 Sep 2024) without saying how loans are priced against it | Not stated | None published In its words |
| ORIX Leasing SingaporeFinance company · EFS lender | www.orix.com.sg now opens ETHOZ Group’s website (checked 3 Nov 2026), so there is no ORIX Leasing page to read. Enterprise Singapore still lists ORIX Leasing Singapore as a separate EFS lender: call it, or see ETHOZ Capital above. | ||||
| Sing Investments & Finance SME Working Capital Loan EFSFinance company | Up to $500,000 | Up to 5 years | “Attractive interest rate”; no figure published | Not stated | 30% local · SME size In its words |
Read from each lender’s own page on 3 Nov 2026. EFS: a loan under Enterprise Singapore’s working capital scheme, which adds its own rules (30% local shareholding, SME size). “No LLPs”: the lender lists sole proprietors, partnerships and private limited companies only. Lenders change their terms without notice; the lender’s offer letter is what counts.
The same loan at each published rate
The same $100,000 over 3 years, at the lowest rate each lender publishes, with the fees it publishes. The effective rate puts interest and fees on one footing. Lowest effective rate first. For your own amount and term, or an offer you have, use the business loan calculator.
| Lender and loan | Published rate a year | Each month | Interest | Fees | Effective rate a year |
|---|---|---|---|---|---|
| DBS SME Working Capital LoanDBS gives 6% as the effective rate. Its processing fee isn’t published, so the real cost is higher than this by that fee. | 6% | $3,042 | $9,519 | Not published | 6.00% |
| OCBC SME Working Capital LoanOCBC gives this as the effective rate and says its facility fee (1.5%, at least $500) comes on top: the fee is counted here. | 6.75% | $3,076 | $10,747 | $1,500 | 7.77% |
| OCBC Business First LoanOCBC gives this as the effective rate and says its facility fee (2%, at least $500) comes on top: the fee is counted here. Only for businesses under 2 years old. | 7.75% | $3,122 | $12,396 | $2,000 | 9.13% |
| GXS Bank FlexiLoan Biz (credit line)Read as a flat rate: that is the only reading that gives GXS’s own EIR (ours 9.31% on its example of $10,000 over 24 months; GXS says 9.32%). | 4.99% | $3,194 | $14,970 | $0 | 9.29% |
| MariBank Mari Business Loan (Term Loan)Simple (flat) interest: charged on the whole sum for the whole term, even as you repay. | 4.5% | $3,153 | $13,500 | $1,500 | 9.45% |
| UOB BizMoneyUOB’s board rate plus its margin, worked out on what is still owed. UOB’s page doesn’t say how the interest is charged: ask before you sign. It moves when the board rate moves. | 10.88% | $3,268 | $17,655 | $3,500 | 13.23% |
Worked out by us from each lender’s published starting rate and fees, read 3 Nov 2026; the rate you are offered may be higher. Effective rate: the monthly rate at which the payments and fees equal the cash you receive, times 12. Our check: DBS says its 6% equals about 3.2% simple interest on $100,000 over 5 years, and our sum gives 6.00%. Left out: Standard Chartered (it publishes only a 9% board rate that offers are measured against), Funding Societies (up to 18 months; from 0.8% a month) and lenders that publish no rate.
Why the rates don’t compare as quoted
Lenders quote business loan rates three ways, and the same loan can look cheap or dear depending on which one you read:
- Simple (flat) rate. Interest on the whole sum for the whole term, even after you have repaid most of it. MariBank quotes this way. Over 3 years a simple rate comes to nearly twice as much as an effective rate: 4.5% simple is about 8.4% effective before fees.
- Effective rate (EIR). Interest on what you still owe, plus fees, as one yearly rate. DBS quotes its 6% this way and says it equals about 3.2% simple interest on S$100,000 over 5 years; our sum agrees. GXS gives both: 4.99% a year, EIR 9.32%.
- Board rate plus a margin. UOB’s BizMoney is its Business Board Rate (8% now) plus 2.88%. The rate moves when the board rate moves, and the fees (2% plus S$500 a year) come on top.
To compare two offers, ask each lender for the effective rate including all fees, on the same amount and term. Fees count: a 2% fee taken at the start raises the effective rate of a 3-year loan by more than one percentage point.
Each lender’s rules, in its own words
Open a lender to see who it says can apply, quoted from its page, with the fees, what paying early costs, the security it asks for and the documents.
DBSBank · 2 loans · EFS lender
SME Working Capital Loan EFS
Who can apply, in DBS’s words
- Is registered and operating in Singapore
- Has at least 30% local shareholding (Singaporeans or Permanent Residents)
- Has annual group revenue below S$100 million
- Employs fewer than 200 people
- Borrow
- Up to $500,000, up to 5 years
- Price
- From 6% a year, effective (about 3.2% a year as simple interest on S$100,000 over 5 years, DBS says)
- Fees
- Processing fee: not stated (DBS shows a processing-fee discount for applications by 30 Nov 2026)
- Paying early
- No pre-payment fee; one month’s notice
- Security
- No collateral; guarantor(s) required
- Documents
- None for up to S$50,000 for new DBS borrowers; otherwise the latest 2 years’ financial statements
DBS: SME Working Capital Loan, read 3 Nov 2026.
Business Term Loan
Who can apply, in DBS’s words
- Open to eligible businesses, subject to DBS credit assessment and prevailing requirements
- Borrow
- Up to $500,000, up to 5 years
- Price
- From 6% a year, subject to DBS’s assessment
- Fees
- Processing fee: not stated
- Paying early
- Not stated
- Security
- No collateral; guarantor(s) required
- Documents
- None for up to S$50,000 for new DBS borrowers
DBS: Business Term Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 1800 222 2200
UOBBank · 2 loans · EFS lender
BizMoney
Who can apply, in UOB’s words
- Sole Proprietor, Partnership, or Private Limited Company
- Registered and operating in Singapore for a minimum of 1 year
- At least 30% local shareholding
- Borrow
- Up to $350,000, up to 5 years
- Price
- 10.88% a year: UOB’s Business Board Rate (8% now) plus 2.88%, so it moves with the board rate
- Fees
- Facility fee 2% of the approved loan; annual fee S$500 a year
- Paying early
- Not stated
- Security
- No collateral; a personal guarantee may be required
- Documents
- Apply online with Myinfo business
UOB: BizMoney, read 3 Nov 2026.
SME Working Capital Loan EFS
Who can apply, in UOB’s words
- Sole Proprietor, Partnership, or Private Limited Company
- Registered and operating in Singapore for a minimum of 1 year
- At least 30% local shareholding
- Company's group annual sales of not more than S$100 million OR company's group employment size of not more than 200
- Borrow
- Up to $500,000, up to 5 years
- Price
- Not stated
- Fees
- Not stated
- Paying early
- Not stated
- Security
- No collateral; a personal guarantee may be required
- Documents
- Apply online with Myinfo business
Bundled with BizMoney, UOB lends up to S$800,000 in all.
UOB: SME Working Capital Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 1800 2266 121
OCBCBank · 2 loans · EFS lender
SME Working Capital Loan EFS
Who can apply, in OCBC’s words
- 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)
- Group annual sales of ≤ S$100m or group employment size ≤ 200
- Borrow
- Up to $500,000, 1 to 5 years
- Price
- From 6.75% a year, effective (EIR); OCBC’s calculator shows 6.75% to 8.75%. The facility fee comes on top
- Fees
- Facility fee 1.5% of the approved loan (at least S$500), on top of the interest rate; OCBC shows 50% off the facility fee (T&Cs apply)
- Paying early
- No prepayment fees
- Security
- No collateral (“collateral-free”); guarantors’ documents are asked for
- Documents
- MyInfo Business or Singpass login; the last 2 years’ profit and loss and balance sheet (Pte Ltd and LLPs with sales over S$5 million); the last 6 months’ bank statements if you don’t bank with OCBC; guarantors’ ID and last 2 years’ tax assessments (not needed with MyInfo Business or Singpass)
The top of OCBC’s page says “incorporated in Singapore for at least 2 years”, which reads as companies only; its questions and answers list sole proprietors and partnerships too.
OCBC: SME Working Capital Loan, read 3 Nov 2026.
Business First Loan EFS
Who can apply, in OCBC’s words
- Sole Proprietor, Partnership, or Private Limited Company, registered and operating in Singapore for a minimum of 6 months
- Business is registered and operating in Singapore between 6 months and 2 years
- At least 30% local shareholding (Singaporeans / PRs)
- At least 1 employee and more than 50% equity owned by individuals
- Group annual sales of up to S$100m or group employment size of not more than 200
- Borrow
- Up to $100,000, 1 to 5 years
- Price
- Indicative 7.75% to 11% a year, effective (EIR), from OCBC’s calculator. The facility fee comes on top
- Fees
- Facility fee 2% of the approved loan (at least S$500), on top of the interest rate; OCBC shows 50% off the facility fee (T&Cs apply)
- Paying early
- No prepayment fees
- Security
- Not stated; guarantors’ documents are asked for
- Documents
- MyInfo Business or Singpass login; the last 2 years’ profit and loss and balance sheet (Pte Ltd and LLPs with sales over S$5 million); the last 6 months’ bank statements if you don’t bank with OCBC; guarantors’ ID and last 2 years’ tax assessments (not needed with MyInfo Business or Singpass)
OCBC calls it “a government-assisted loan” for businesses 6 to 24 months old. It also needs at least 1 employee and more than half of the business owned by individuals; the matcher above doesn’t ask about those two.
OCBC: Business First Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 6538 1111
MaybankBank · 2 loans · EFS lender
SME Working Capital Loan EFS
Who can apply, in Maybank’s words
- Company registered and operating in Singapore
- At least 30% local shareholding
- Group annual sales of <= S$100 million or group employment size <= 200
- Borrow
- Up to $500,000, up to 5 years
- Price
- “Attractive loan interest rates”; no figure published
- Fees
- “Low processing fee”; no figure published
- Paying early
- Not stated
- Security
- No collateral
- Documents
- The last 2 years’ audited accounts or certified financial statements (if applicable); the last 6 months’ bank statements; NRIC and latest tax assessment of the owners, directors or partners and guarantors
Maybank: SME Working Capital Loan, read 3 Nov 2026.
Business Term Loan
Who can apply, in Maybank’s words
- At least 30% local shareholding
- Established for at least 2 years
- Borrow
- Up to $500,000, up to 5 years
- Price
- Not stated
- Fees
- Not stated
- Paying early
- Not stated
- Security
- No collateral; guarantors’ documents are asked for
- Documents
- SME Banking consent form; the last 2 years’ financial statements (if applicable); the last 6 months’ bank statements; guarantors’ NRIC and last 2 years’ tax assessments
Maybank: Business Term Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 1800 777 0022
Standard CharteredBank · 2 loans · EFS lender
Business Instalment Loan
Who can apply, in Standard Chartered’s words
- Sole Proprietors / Partnerships / Private Limited Companies
- Singapore-registered business
- 50% or more shareholdings is effectively held by Singaporeans / Singapore PRs
- Minimum 3 years of business operations
- Minimum turnover of S$750,000
- Borrow
- Up to $500,000, 1 to 5 years
- Price
- Board rate 9.00% a year; the rate for each loan is “subject to Bank’s approval”
- Fees
- First-year annual fee up to 2% of the approved loan (at least S$400), then S$100 a year
- Paying early
- Part prepayment 3% of the sum prepaid; full redemption 5% in the first 12 months, 3% after; one month’s notice
- Security
- No collateral; personal guarantee(s) required
- Documents
- GST statements (last 4 quarters), 6 months’ bank statements, owners’ Notices of Assessment, board resolution, constitution
Standard Chartered: Business Instalment Loan, read 3 Nov 2026.
SME Working Capital Loan EFS
Who can apply, in Standard Chartered’s words
- Sole Proprietors / Partnerships / Private Limited Companies
- SME registered and operating in Singapore
- Minimum 30% shareholding effectively held by Singaporeans / Singapore Permanent Residents
- Minimum 3 years of business operations
- Minimum turnover of S$750,000
- Borrow
- Up to $500,000, 1 to 5 years
- Price
- “Competitive market rates”, worked out against the 9.00% board rate
- Fees
- First-year annual fee up to 2% of the approved loan (at least S$400), then S$100 a year
- Paying early
- No part prepayment; full repayment with one month’s notice
- Security
- Not stated
- Documents
- As for the Business Instalment Loan
Standard Chartered: SME Working Capital Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 1800 747 7000
HSBCBank · 1 loan · EFS lender
SME Working Capital Loan EFS
Who can apply, in HSBC’s words
- HSBC’s page gives the scheme’s limit (up to S$500,000) and no rules of its own; the scheme’s rules apply
- Borrow
- Up to $500,000, up to 5 years
- Price
- Not stated
- Fees
- Not stated
- Paying early
- Not stated
- Security
- Not stated
- Documents
- Not stated
HSBC: SME Working Capital Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 1800 216 9008
CIMBBank · 1 loan · EFS lender
BizAssist (EFS working capital loan) EFS
Who can apply, in CIMB’s words
- Be a business entity that is registered and physically present in Singapore
- At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s)
- Group revenue of up to S$100 million or maximum employment of 200 employees
- Borrow
- Up to $500,000, up to 5 years
- Price
- “Competitive rate”, subject to CIMB’s assessment
- Fees
- Not stated
- Paying early
- Not stated
- Security
- No collateral
- Documents
- Not stated
CIMB: BizAssist (EFS working capital loan), read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 6438 7888
RHBBank · 1 loan · EFS lender
SME Working Capital Loan EFS
Who can apply, in RHB’s words
- Singapore registered entity with substantial functions based in Singapore
- At least 30% local equity held directly or indirectly by a Singaporean and/or PR
- Group revenue of up to $100 million, or a maximum of 200 employees
- Borrow
- Up to $500,000, up to 5 years
- Price
- Not stated
- Fees
- Not stated
- Paying early
- Not stated
- Security
- Not stated
- Documents
- Asked for by a relationship manager after you apply
From RHB’s own guide to small business loans.
RHB: SME Working Capital Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 1800 323 0100
Hong Leong FinanceFinance company · 1 loan · EFS lender
SME Working Capital Loan EFS
Who can apply, in Hong Leong Finance’s words
- Minimum 30% local shareholdings (Singaporean or Singapore PRs)
- Group's annual turnover not exceeding S$100 million or group's employment size not more than 200
- Ultimate group’s annual turnover not exceeding S$500 million
- Borrow
- Up to $500,000, up to 5 years
- Price
- Fixed rate; the rate itself is not stated
- Fees
- Not stated
- Paying early
- Not stated
- Security
- Not stated
- Documents
- Not stated
Hong Leong Finance: SME Working Capital Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 1800 3388 338
Funding Societies (FS Capital)Non-bank lender · 2 loans · EFS lender
Business Term Loan PRO
Who can apply, in Funding Societies (FS Capital)’s words
- Minimum 30% shareholding by a Singapore Citizen or Permanent Resident
- 6 months minimum operating history
- Achieve an annual turnover of SGD $500,000 or more
- Borrow
- $100,000 to $300,000, 12 to 18 months
- Price
- From 0.8% a month, subject to final credit underwriting
- Fees
- Origination fee from 3.5%
- Paying early
- Not stated
- Security
- No collateral
- Documents
- 4 documents to start
Funding Societies (FS Capital): Business Term Loan PRO, read 3 Nov 2026.
Business Term Loan
Who can apply, in Funding Societies (FS Capital)’s words
- Minimum 30% shareholding by a Singapore Citizen or Permanent Resident
- 6 months minimum operating history
- Achieve an annual turnover of SGD $500,000 or more
- Borrow
- $300,000 to $1,000,000, up to 1 year
- Price
- From 0.8% a month, subject to final credit underwriting
- Fees
- Origination fee from 5%
- Paying early
- Not stated
- Security
- No collateral
- Documents
- Not stated
Funding Societies (FS Capital): Business Term Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 6221 0958
GXS BankDigital bank · 1 loan · EFS lender
FlexiLoan Biz (credit line)
Who can apply, in GXS Bank’s words
- “Subject to eligibility and underwriting”; no rules are listed
- Borrow
- Up to $150,000, 2 to 36 months
- Price
- From 4.99% a year (EIR 9.32% on an average S$10,000 over 24 months, GXS says)
- Fees
- No annual fee, no early repayment fee, disbursal fees waived
- Paying early
- No early repayment fee
- Security
- No collateral
- Documents
- None; company details from ACRA and Singpass
GXS Bank: FlexiLoan Biz (credit line), read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 1800 866 6685
MariBankDigital bank · 1 loan
Mari Business Loan (Term Loan)
Who can apply, in MariBank’s words
- No rules are listed on the product page
- Borrow
- $10,000 to $500,000, 1 to 5 years
- Price
- From 4.5% a year simple interest, the lowest rate MariBank publishes
- Fees
- Processing fee 1.5% of the loan, taken off the amount paid out
- Paying early
- No early repayment fee
- Security
- Not stated
- Documents
- Apply in the MariBank app
MariBank: Mari Business Loan (Term Loan), read 3 Nov 2026.
ANEXT BankDigital bank · 1 loan
Pay Monthly term loan
Who can apply, in ANEXT Bank’s words
- No loan rules are listed; ANEXT says all Singapore-incorporated businesses can open its business account
- Borrow
- $5,000 to $500,000, 1 to 5 years
- Price
- Fixed rate; the rate itself is not stated
- Fees
- One-time facility fee of up to 2% of the loan or S$200, whichever is higher
- Paying early
- No early repayment fee
- Security
- No collateral
- Documents
- None for loans up to S$30,000
ANEXT Bank: Pay Monthly term loan, read 3 Nov 2026.
ETHOZ CapitalFinance company · 1 loan · EFS lender
SME Working Capital Loan EFS
Who can apply, in ETHOZ Capital’s words
- ETHOZ’s page names the loan (“a government assisted financing loan meant to help SMEs finance operational cashflow needs”) and links to Enterprise Singapore’s page; it gives no rules of its own, so the scheme’s rules apply
- Borrow
- Up to $500,000, up to 5 years
- Price
- Not stated
- Fees
- Not stated
- Paying early
- Not stated
- Security
- Not stated; ETHOZ says collateral depends on the product and the amount
- Documents
- Not stated
ETHOZ Capital: SME Working Capital Loan, read 3 Nov 2026.
www.ethoz.com is not ETHOZ’s website (it is a parked domain that sends visitors to unrelated pages). ETHOZ Group is at ethozgroup.com.
Phone (as Enterprise Singapore lists it for EFS loans): 6654 7799
GB Helios (was Goldbell Financial Services)Finance company · 1 loan · EFS lender
Unsecured Term Loan
Who can apply, in GB Helios (was Goldbell Financial Services)’s words
- For local businesses in operation for at least 12 months
- Borrow
- Up to $80,000, up to 1 year
- Price
- Not stated
- Fees
- Not stated
- Paying early
- Not stated
- Security
- No collateral
- Documents
- A business plan, financial statements, last year’s business and personal tax returns, bank statements, business papers and the owner’s ID
GB Helios doesn’t say whether this loan is under the EFS scheme, or what “local” means here: ask it. Its page says that above S$80,000 you “may need to explore other financing options”, so we show S$80,000 as the most it lends.
GB Helios (was Goldbell Financial Services): Unsecured Term Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 8399 2340
IFS CapitalFinance company · 1 loan · EFS lender
Working Capital Loan
Who can apply, in IFS Capital’s words
- Unsecured loans … provided to SMEs in a lump sum, with fixed equal monthly repayment and no usage restriction
- Borrow
- $10,000 to $500,000, 1 to 5 years
- Price
- Not stated for the loan; IFS publishes an SGD Enterprise Base Rate of 7.5% a year (since 24 Sep 2024) without saying how loans are priced against it
- Fees
- Not stated
- Paying early
- Not stated
- Security
- No collateral; directors’ personal guarantees
- Documents
- Not stated
The amounts and terms are the ranges of IFS’s own repayment calculator. Its page lists “Access to ESG Loan schemes” as a benefit without naming the EFS.
IFS Capital: Working Capital Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 6270 7711
Sing Investments & FinanceFinance company · 1 loan · EFS lender
SME Working Capital Loan EFS
Who can apply, in Sing Investments & Finance’s words
- A business entity that is registered and physically present in Singapore (ACRA-registered sole proprietorships, partnerships, LLPs and companies)
- With at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- Group revenue of up to S$100 million, or maximum employment of 200 employees
- Borrow
- Up to $500,000, up to 5 years
- Price
- “Attractive interest rate”; no figure published
- Fees
- Not stated
- Paying early
- Not stated
- Security
- Not stated
- Documents
- Not stated
Sing Investments & Finance: SME Working Capital Loan, read 3 Nov 2026.
Phone (as Enterprise Singapore lists it for EFS loans): 6305 0300
ORIX Leasing Singapore (finance company, 6339 3622): www.orix.com.sg now opens ETHOZ Group’s website (checked 3 Nov 2026), so there is no ORIX Leasing page to read. Enterprise Singapore still lists ORIX Leasing Singapore as a separate EFS lender: call it, or see ETHOZ Capital above.
Next read of every lender’s page: 10 Nov 2026, then every week (update schedule).
The government-backed loan: EFS working capital
Under the Enterprise Financing Scheme – SME Working Capital Loan (EFS-WCL), Enterprise Singapore takes a share of the loss if a business can’t repay, so lenders can lend more readily. You still owe all of it: “The borrower is responsible to repay 100% of the loan amount”.
- Up to $500,000 a borrower over up to 5 years, and $5,000,000 for a group of companies.
- Enterprise Singapore’s share of the risk: 50%, 70% for young enterprises (firms formed within the past 5 years with at least 1 employee and more than 50% equity owned by individuals). “From 1 Sep 2026 to 31 Mar 2027: Risk share for all enterprises will be 70%.” It was announced on 29 July 2026.
- Who can apply: “ACRA-registered Sole Proprietorships, Partnerships, Limited Liability Partnerships and Companies are eligible to apply”, registered and operating in Singapore, with group sales of up to $100 million or up to 200 staff, and “Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership”.
- The rate is the lender’s: “Subject to participating FIs’ assessment of risks involved”.
- How to apply: through any of the 16 lenders in its list (in the table above), or on Enterprise Singapore’s ESIMS portal with Corppass, choosing a lender.
Enterprise Singapore: EFS working capital loan, read 3 Nov 2026.
The working capital loan is one of seven EFS loan types, with others for equipment and premises, trade, won contracts, buying a company, venture debt and green projects: every EFS loan type, who qualifies and which lenders offer each.
- The Enterprise Financing Scheme (EFS): every loan, who qualifies, which lenders
- Business loans in Singapore, when the bank says no
- Business loan calculator: the true cost after every fee
Questions people ask
What are the requirements for a business loan in Singapore?
Lenders that publish their rules want a business registered and operating in Singapore. For a government-backed EFS loan, at least 30% must be owned by Singaporeans or PRs and the group must be an SME (sales of S$100 million or less, or 200 staff or fewer). Some lenders add a minimum time in business or minimum sales: see the table.
Which bank gives a business loan most easily?
No lender publishes its approval rate, so no one can say. What lenders do publish are their minimums. Of the loans we read, OCBC’s Business First Loan and Funding Societies ask for the shortest time in business (6 months; Funding Societies also wants S$500,000 of sales); UOB and GB Helios ask for 1 year; OCBC’s SME Working Capital Loan and Maybank’s Business Term Loan 2 years; Standard Chartered 3 years and S$750,000 of sales. DBS, HSBC, CIMB, RHB, Hong Leong Finance, MariBank, ANEXT, GXS, IFS Capital, ETHOZ, Sing Investments & Finance and Maybank’s EFS loan publish no minimum time or sales. Check your own business.
Can a new business get a loan?
Most lenders here publish no minimum time in business (DBS, HSBC, CIMB, RHB, Hong Leong Finance, MariBank, ANEXT, GXS, IFS Capital, ETHOZ, Sing Investments & Finance and Maybank’s EFS loan). OCBC’s Business First Loan is only for businesses 6 months to 2 years old, and Funding Societies starts at 6 months. In normal times Enterprise Singapore says young enterprises “may receive” a bigger risk share (70%), and from 1 September 2026 to 31 March 2027 every business gets 70%.
Can a foreign-owned company get an EFS loan?
Only if Singaporeans or PRs own at least 30% of it, counted through to the people at the top: “determined by the ultimate individual ownership”, in Enterprise Singapore’s words. Loans outside the scheme may not have this rule; Standard Chartered’s Business Instalment Loan asks for 50%.
Do I need collateral or a guarantor?
Most of these loans need no collateral (OCBC, Maybank and GB Helios say so in as many words). Many need a personal guarantee from the directors or owners: DBS says guarantors are required, UOB that a personal guarantee may be required, Standard Chartered that personal guarantees are required, and IFS Capital that its loans are secured by directors’ personal guarantees. A guarantor is personally liable if the business can’t repay.
Can I take EFS loans from more than one bank?
Yes, but the total across all lenders is capped at S$500,000 a borrower (S$5 million for a group), as DBS and Enterprise Singapore both say.
Can I repay early?
It depends on the lender. DBS’s working capital loan, OCBC’s two loans, MariBank, ANEXT and GXS charge no early repayment fee. Standard Chartered charges 3% on a part prepayment of its Business Instalment Loan, and 5% to repay in full in the first 12 months.
How we check these numbers
- Every rule, limit, rate and fee is read from the lender’s own product page, linked next to it, and quoted where the words matter. Read on 3 Nov 2026, and every week from 10 Nov (update schedule). Enterprise Singapore’s rules are from its EFS working capital loan page.
- Comparison sites often show different figures for the same loan. We use only the lender’s own page; where it says nothing, we say “not stated” rather than fill the gap.
- OCBC’s and Maybank’s sites turn automatic readers away, so we read them by hand in a browser. Where a lender’s site has moved we say so rather than guess: ORIX Leasing’s address now opens ETHOZ Group’s site.
- The cost table and effective rates are worked out by us from the published rate and fees. Our sum gives DBS’s own example (6% effective equals about 3.2% simple) and GXS’s (EIR 9.32%) to within 0.01%.
- No lender pays us, the page has no affiliate links, and we don’t arrange loans or pass on your details. The matcher runs in your browser and sends nothing you type. Not financial advice: see our disclaimer and corrections.
Changes to this page
New: business loan requirements and rates in Singapore. What 17 banks, finance companies and digital banks say on their own pages about who can borrow, how much, for how long and at what price, quoted in their words; a checker that shows which loans’ published rules your business meets; the same S$100,000 loan priced at every published rate with fees, as one effective rate; and the government-backed EFS working capital loan, with its 70% risk share to 31 March 2027. Read 3 Nov 2026, every week from then on, with a CSV. Check your business