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Debt Relief Programme (DRP) Business Banking

Person, Human, Game
Person, Human, Game

Debt Relief Programme (DRP) Business Banking

Debt Relief Programme (DRP)

We are committed to helping our clients overcome any short- or long-term financial instability that they may be experiencing. If you are having difficulties making your repayments, our dedicated Debt Restructuring Specialists will work with you to develop a personalised debt repayment plan that suits your needs and budget.

Supporting Your Needs

We are here to help you find the best solution given your financial circumstances. Your financial wellbeing is our top priority.

Debt Relief Programme (DRP)

Products eligible for this programme include:

  • Business Instalment Loan (BIL)
  • Business Overdraft Loan (BOD)
  • Working Capital Loan (WCL)

Please read through the following documents:

Key features of the Debt Relief Programme:

  • Loan tenure can be restructured for up to 5 years
  • Lower interest rate (for the BIL and BOD loans)
  • Interest rate for the WCL will remain the same, but the loan tenure can be restructured

Application eligibility

  • Application can only be submitted 6 months after your original loan approval date.
  • Your minimum monthly repayment must be covered before your application.
  • You must be able to declare and confirm the cause(s) of your financial difficulty.

Application documents

  • Appeal letter
  • Latest 2 quarters of GST statements and/or latest 3 months’ bank statements
  • Supporting documents or income proof to substantiate the future source of income and/or revenue of the company



  • Our dedicated Debt Relief Officer will provide you with the right solution within five (5) business days if all the required documents are provided.

  • The maximum tenure is 5 years.

  • No, there are no administrative fees for processing the application as the Bank understands the difficulty you are facing.

  • Your existing loan account will be closed, and a new account will be set up.

  • Your Credit Bureau report will not be affected by applying for this loan restructuring plan. However, for the Working Capital Loan plan, there will be a default record placed on your report by Enterprise Singapore.

  • Upon approval, you are required to sign and return the offer letter to the Bank within seven (7) business days. The Bank will proceed to convert your account and a conversion confirmation letter will be sent to your registered mailing address within seven (7) business days.

  • Yes, but your new application must be at least one (1) year after the last application approval. You cannot apply for more than one (1) Debt Relief Programme plan within a period of 12 months.

  • For the Working Capital Loan plan, there is no early repayment penalty if you give the Bank a one-month notice in advance.

    For business loans, there will be a 3% penalty charge for partial repayment, 5% penalty charge for early redemption within the first 12 months from the date of disbursement of the loan, and a 3% penalty charge for redemption after 12 months from the date of disbursement of the loan for full redemption.

For more information, you may contact us via:

Phone: +65 65081900

Email: SG.COLL-IB@sc.com