Business First Loan Singapore

The new grant scheme will cover up to 100 000 of a.

Business first loan singapore. Ocbc has announced a new type of loan last month that has never existed in the banking landscape of singapore ocbc business first loan. Here are 7 essentials you need to know have to get a business loan in singapore. These are business loans that are collateral free with interest rates that are lower than most other unsecured business loans.

Business loans in singapore are usually offered by the banks and many other financial institutions. This takes just seconds and doesn t come with any obligations attached. Business is registered and operating in singapore between 6 months and 2 years.

Postpone principal payments the first 6 months and repay the loan at your pace over 5 years. Fulfill your business ambitions with the business first loan a government assisted loan. What are the eligibility criteria for this loan.

Benefit from an affordable rate no application fees and no penalties for early or lump sum payments. A business loan refers to a sum of money that a company borrows to utilize for purposes related to the business. Once you re ready to submit your business loan application follow the simple online process via ocbc s website.

Get your business first loan today with us. How to apply for a business first loan with ocbc. Newly formed companies that are no older than half a year can now apply for this loan that will endow them with capital for business operations at up to a maximum of 100 000.

Funds are disbursed to the business entity where the loan will be repaid with interest over a period of time. Companies and banks will soon get more support to obtain and develop green and sustainable financing under a new scheme by the monetary authority of singapore mas. Uob business loan consists of uob bizmoney sme micro loan and sme working capital loan and you may apply for any of them.