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

SME Working Capital Loan

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

EFS SME Working Capital Loan(WCL) and Temporary Bridging Loan(TBL)

We know these are challenging times. We are here for you and your everyday business needs.


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-
For SME WCL : S$300,000 per Borrower
                                                          : S$3,000,000 per Borrower Group^
For TBL : S$3,000,000 per Borrower
                                  : S$20,000,000 per Borrower Group^
Min tenor – 1 year
Max tenor -up to 5 years
Tenor & Quantum for each loan is subject to the Bank’s approval and Enterprise Singapore eligibility
Loan Repayment Service only interest for first 12 months, thereafter principal and interest for the remaining of loan tenor (subject to approval)
Interest Rate Competitive market rates*

* Effective Interest Rate is computed against Business Instalment Loan (BIL) Board Rate – 9.00% 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
  • 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
  • SME is defined as an enterprise with Group Sales turnover of not more than S$100mil or total Group Employment size of not exceeding 200

    Borrower Group refers to:

    1.Applicant company (“Applicant”); and

    2.Corporate shareholders of Applicant company holding >50% at all levels up (“Applicant’s Ultimate Parent Company”); and

    3.Subsidiaries where the Applicant company holds >more than 50% shareholdings and subsequent subsidiaries at all levels down; and

    4.Subsidiaries where the Applicant’s Ultimate Parent Company holds > 50% shareholdings and subsequent subsidiaries at all levels down

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 Business Banking Facility Form for SME WCL and TBL
  • Completed Enterprise Singapore Enterprise Financing Scheme (EFS) 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.