Schemes & Features

Loan Insurance Scheme

The Loan Insurance Scheme (LIS) is a government-assisted scheme jointly administered by IE Singapore and SPRING Singapore.

The scheme seeks to help Singapore-based companies obtain trade financing facilities from participating financial institutions, with insurance against insolvency risks. The government subsidises up to 50% of the insurance premium.

The types of trade facilities supported by the scheme are:

  • Inventory or stock financing
  • Structured pre-delivery working capital
  • Receivables services
  • Banker's guarantee for contractual fulfilment

Standard Chartered Bank (Singapore) Limited is an active Participating Financial Institution (PFI) of this scheme.

Local Enterprise Finance Scheme (LEFS)

The Local Enterprise Finance Scheme (LEFS) is a government-assisted program administered by SPRING Singapore.

The scheme offers SMEs machinery loans at a subsidised fixed interest rate.

The current interest rate is as follows:

  • 4.25% effective p.a. (reducing balance)for loan tenure of up to 4 years
  • 4.75% effective p.a. (reducing balance)for loan tenure above 4 years

Can be used for machinery and factory loans.

The rates are revised from time to time, as announced by SPRING Singapore to the Participating Financial Institutions.

Standard Chartered Bank (Singapore) Limited is an active Participating Financial Institution (PFI) of this scheme.

Internalisation Finance Scheme (IFS)

Internationalisation Finance Scheme (IFS) is a government-assisted program administered by IE Singapore.

The scheme seeks to assist companies in their financing needs for asset investments for overseas expansion by co-sharing the risks with participating financing institutions.

The scheme seeks to assist companies in their financing needs for asset investments for overseas expansion by co-sharing the risks with participating financing institutions.

  • Asset-based financing
  • Structured loans
  • Banker's guarantee

Standard Chartered is one of the Participating Financial Institutions (PFIs) of this scheme.

Terms and Conditions

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