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Address your cash or expansion needs. Get up to S$300,000 with our unsecured term loan Get in touch

Address your cash or expansion needs. Get up to S$300,000 with our unsecured term loan

Business Instalment Loan

Business Instalment Loan is an unsecured term loan that offers you up to S$ 300,000 cash. With no collateral required and a repayment period of up to 5 years, it is the simplest and most flexible way to access funds to drive your business further.


Fees and Charges


Business Instalment Loan Board Rate= 9.00%p.a

Facility Fee 2.0% (Minimum S$400)
Annual Fee S$100
Default Fee S$100
Charged for overdue instalments on the Loan. In addition to the default fee, an additional interest at the rate of 10% per annum above the Bank's prevailing Business Instalment Loan Board Rate shall be levied on all overdue instalments until the date of payment (both before and
after judgment)
Special Requests S$250
(Partial) Prepayment Fee 3% on the sums prepaid
(Full) Redemption Fee 5% of the original loan amount if redeemed within first twelve months from the date of disbursement, 3% of the original loan amount thereafter
Tenor & Quantum

Tenor & Quantum for each loan is subject to the Bank’s approval

Loan Quantum S$70,000* S$300,000
Tenor 1 year 5 years

Eligibility & Documents


  • Sole Proprietors / Partnerships / Private Limited Companies
  • Singapore-registered business
  • 50% or more shareholdings is effectively held by Singaporeans / Singapore PRs
  • Minimum 3 years of business operations
  • Turnover between S$ 750,000 and S$ 21 million

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 Instalment Loan Application form
  • Copy of Sole Proprietors’ / Partners’ Income Tax Notice of Assessment
  • Board of Directors’ resolution
  • Memorandum & Articles of Association
  • Professional Certificate (if applicable)
  • Documents related to establishment of entity, identity and address proof documents


Terms and 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 $ 50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.