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The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

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How would you like to apply?

I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

*SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

*Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

I am an existing Standard Chartered Current/Checking/Savings Account holder

    How would you like to apply?

    I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

    *SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

    *Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

    Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

    I am an existing Standard Chartered Current/Checking/Savings Account holder

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      1. Loans & Government Schemes
      2. Online Business Loans

      Online Business Loans

      Easy online application process for your business loan

      Online Business Loans Benefits
      • experience
        easy and seamless

        online application process

      • apply up to
        S$750,000

        Financing amount

      •  enjoy
        competitive

        rates

      Eligible Loan Types

      Business Instalment Loan

      Grow your business with Business Instalment loan and secure up to S$500,000 loan, collateral-free. Read More

      SME Working Capital loan

      Easier access to unsecured facilities for local enterprises. Read More

      Eligibility

      • 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
      • 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 Business Instalment Loan 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

      Eligibility

      • 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”); and2.Corporate shareholders of Applicant company holding >50% at all levels up (“Applicant’s Ultimate Parent Company”); and3.Subsidiaries where the Applicant company holds >more than 50% shareholdings and subsequent subsidiaries at all levels down; and4.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
      • 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

      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

      Min Loan Quantum – S$70,000
      Max Loan Quantum – S$500,000
      Min tenor – 1 year
      Max tenor – 5 years
      Tenor & Quantum for each loan is subject to the Bank’s approval

      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 + 2.00%p.a ( at 11.00% p.a )

      Default Fee

      S$100 Charged for overdue instalments on the Loan. In addition to the default fee, an additional interest at the rate of 10.00% p.a above the Bank’s prevailing Business Instalment Loan Board Rate shall be levied on all overdue instalments until the date of payment (both before andafter judgment)

      (Post Loan Disbursement) Special Requests

      S$250

      (Partial) Prepayment Fee

      3.00% on the sums prepaid, with 1 month’s prior written notice

      (Full) Redemption Fee

      5.00% of the outstanding loan amount if redeemed within first twelve months from the date of disbursement, 3.00% of the outstanding loan amount thereafter, with 1 month’s prior written notice

      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 loan applications made online-
      S$500,000 per Borrower
      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

      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 judgement).

      Business Instalment Loan is the Bank’s commercial unsecured term loan product. The SME Working Capital Loan programme is a government assisted scheme jointly administered by Enterprise Singapore to support enterprises’ financing requirements across different stages of growth, and an application for SME Working Capital Loan is subject to the terms and conditions, and approval, of Enterprise Singapore. This is also an unsecured term loan product.

      The Bank’s maximum finance quantum for Business Instalment Loan is S$500,000, and for SME Working Capital Loan, particularly for loan applications made via SC.com, the maximum finance quantum is S$500,000.

      The loan can be repaid over a maximum tenure of 60 months for Business Instalment Loan, and 60 months for SME Working Capital Loan.

      Save for personal guarantee(s), no other security or collateral is required.

      No, you don’t need to. However, you will be required to provide us the original electronic version and/or version downloaded from an electronic source of certain requisite statements and supporting documents.

      We will get in touch with the applicant through the contact details provided, upon receiving the application via SC.com.

      You may reach out to us at +65 6743 3000 or 1800 743 3000.

      For details, please click here
      For details, please click here

      Disclaimer

      ¹refers to Business Instalment Loan and SME Working Capital Loan applied through www.sc.com/sg

      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.

      The Bank’s grant of its in-principle approval of a loan application made via the Online Business Loans website is only an indicative decision of the Bank and any agreement to offer the loan facility shall be subject to the Bank’s final approval and full terms and conditions as may be set out by the Bank in the agreement(s) between the Bank, the Borrower, and the Guarantor(s). The Bank may request for additional information, documentation and verification for purpose of granting such final approval and the loan facility.

      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.

      Sg business instalment loan px px copy

      Business Instalment Loan

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

      Sme working capital loanx copy

      Enterprise Financing Scheme Temporary Bridging Loan

      Standard Chartered is committed to supporting SME owners to be well-equipped for every challenge.

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