Business Term Loan
Secure extra cash at a reduced cost with 50% off facility fees
Watch your business take flight! Enjoy up to S$5,250 in savings so you can turn your ambitions into action.
Plan your business loan
No more guesswork! See exactly how much you can borrow and repay each month.
Ready to apply?
Get your Business Term Loan today with us
FAQS
Common questions
Why get a business loan?
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.
Who can apply for the OCBC Business Term Loan?
The OCBC Business Term Loan is suitable for businesses that are:
- Local businesses 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?
Apply online and we will fetch your details via SingPass or CorpPass with minimal documents required. Please prepare the following:
- Login Details for Corppass and Singpass
- Entity’s profit and loss statement and balance sheet for the latest 2 years
- Latest 6 Months bank statement (non-OCBC account holders)
- Guarantor’s latest 2 Years NOA statement (not required with SingPass authentication)
- All Directors & Guarantors’ NRIC (not required with SingPass authentication)
How long does the application process take?
The loan application process takes less than 5 minutes when you connect to MyInfo or MyInfo Business.
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. From now till 31 December 2024, apply online to enjoy 50% off facility fees, saving you up to S$5,250. Terms and conditions apply.
Additional lending options for your business
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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Terms and Conditions Governing the Business Loans Online Loan Promotion
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