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Standard Chartered is an active participant in many of the government’s SME financing scheme

SME Working Capital Loan

Standard Chartered is an active participant in many of the government’s SME financing scheme

SME Working Capital Loan (SME WCL)

A government assisted scheme jointly administered by Enterprise Singapore, to help local enterprises access unsecured working capital financing in a period of slow economic growth.


Fees and Charges

Annual Fee First Year Annual Fee is maximum 2.00% of the approved loan amount (minimum S$400)
Subsequent Years Annual Fee will be S$100
Tenor & Quantum Max Loan Quantum – S$300,000
Min tenor – 1 year
Max tenor – 3 years
Tenor & Quantum for each loan is subject to the Bank’s approval and Enterprise Singapore eligibility
Board Rate  Business Instalment Loan (BIL) Board Rate – 9.00% p.a.
Interest Rate Effective Interest Rate for each loan can vary, maximum up to BIL Board rate minus 0.5% p.a.(at 8.50% p.a.)
Default Fee Additional interest at the rate of 3.50% p.a. above the Interest Rate shall be levied on all overdue instalments until the date of payment (both before and after judgment).

Eligibility & Documents


  • Sole Proprietors / Partnerships / Private Limited Companies
  • Singapore-registered business
  • Minimum 30% or more shareholdings is effectively held by Singaporeans / PRs
  • Minimum 3 years of business operations
  • Minimum turnover of S$750,000

Documents required

  • Photocopies of Sole Proprietors’ / Partners’ / Principals’ / Directors’ Identity Cards / Passports
  • Company’s Goods and Services Tax statements for last 4 Quarters
  • Company’s operating bank current account statements for the past 6 months
  • Completed SME Working Capital Loan Application form
  • Completed Enterprise Singapore LEFS Application form
  • Copy of Sole Proprietors’ / Partners’ Income Tax Notice of Assessment
  • Board of Directors’ resolution
  • Company Constitutional Documents like Memorandum and Articles of Association
  • Professional Certificate (if applicable)
  • Documents related to establishment of entity, identity and address proof documents

Terms & Conditions



*The repayment period for each loan is subject to the Bank’s sole discretion.
The loan amount approved is subject to the Bank’s sole discretion.
All applications are still subject to, and conditional upon the Bank’s approval in the Bank’s sole discretion.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.