Monthly repayment for 6 months
S$0
Total interest you will pay
The OCBC Business Debit Card now comes in a new design!
Earn unlimited cashback on your everyday business spend!
Pay interest only on the amount you borrow
Ideal for managing seasonal and unexpected cashflow challenges
Flexible drawdown and no early repayment fees
The company must be incorporated and operating in Singapore
At least 30% of the company owned by Singaporeans / PRs
An OCBC revolving term loan is a flexible short-term loan option for businesses that is particularly useful when the specific time and amount of funds needed are difficult to determine. With the loan on hand, funds are always quickly available - whether it is for sudden unexpected cost or to capture business opportunities. No interest is charged if the loan is not utilised. It can be repaid anytime without an early repayment fee, and once repaid, can be used again without the need to reapply.
Receive funds within 1 working day
Repeated drawdowns from S$10,000 in multiples of S$5,000 within your approved limits
Repay in 6- or 12-months without early prepayment fees
Amount
Up to S$200,000
Tenor
6- or 12-month repayment period for each withdrawal
Interest rate
8.88%
Processing fee
1.50%
Revolving Term Loan | Business Term Loan | |
---|---|---|
Key characteristics | A short-term loan that lets you drawdown, repay, then redraw funds as and when needed | Longer term loan with upfront access to funds |
Loan quantum | Flexible within approved limits | Fixed on acceptance |
Loan tenure | 6- or 12-months | Fixed on acceptance |
Drawdown frequency | Unlimited up till the approved limit | Only once |
Interest | Starts only when utilised | Immediately when loan amount gets credited into your bank account |
Monthly repayment for 6 months
Total interest you will pay
If you would like to have multiple drawdowns, you may indicate your requests in the same email.
Email us your drawdown request
Receive your funds within 1 working day
Business registration
The company must be locally incorporated for at least 2 years
Business ownership
At least 30% of the company owned by Singaporeans / PRs
You can use our Loan Calculator to calculate the amount of expected monthly repayment based on your drawdown amount by following these steps:
Step 1: Go to our Loan Calculator
Step 2: Indicate your drawdown amount
Step 3: Choose your preferred repayment period of either 6 or 12 months
Voila! Your repayments are calculated based on the amount and repayment period to be drawdown at the effective interest rate of 8.88% p.a.
You can drawdown as many times as you need to as long as there is an available limit of at least S$10,000 on your loan. The minimum amount required for every drawdown is S$10,000, and drawdown amounts must be in multiples of S$5,000.
You may contact us at:
OCBC Business Banking Commercial Service Centre
+65 6538 1111
Monday to Friday, excluding public holidays
8am – 8pm
Funds can be ready for use in 1 working day for requests submitted before 12pm on the condition that there are no errors in the instructions such as wrong email template or incomplete information. Otherwise, the bank will contact you within 24 hours to assist you directly.
The OCBC Revolving Term Loan is suitable for businesses that are:
Apply online and we will fetch your details via MyInfo (SingPass) or MyInfo Business (CorpPass) with minimal documents required. Please prepare the following:
2023 - 2024 Global Finance
2024 The Asian Banker
2023 - 2024 Global Finance
2024 The Asian Banker
2018 - 2024 Asian Banking and Finance
2019 - 2023 The Asian Banker
2018 - 2024 Asian Banking and Finance
2019 - 2023 The Asian Banker
2018 - 2024 Alpha Southeast Asia
2018 - 2024 Alpha Southeast Asia