/Best Small Business/SME Loans In Singapore 2026

Best Small Business/SME Loans In Singapore 2026

Updated: 7 Jan 2026

Best Small Business/SME Loans In Singapore 2026
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Why trust SingSaver?

Small and medium-sized enterprises (SMEs) are the backbone of Singapore's economy, with over 90% of all enterprises on our tiny island being SMEs. It's no wonder that the Ministry of Trade and Industry's Enterprise Singapore has been busy ramping up support for businesses ever since the COVID-19 outbreak.

 

In 2020, the government announced that they had $1.7 billion drawn from past reserves, to finance loans such as the Temporary Bridging Loan Programme, SME Working Capital Loan as well as the Enterprise Financing Scheme. Some of these loans are still available in 2025, so if you’re shopping for small business loans, don't forget about government-assisted funding.

GXS Flexiloan Biz

  • Credit Line: Up to S$150,000

  • Interest Rate: From 4.99% p.a.

  • EIR: From 9.32% p.a.

  • Fees: No annual fee, no early repayment fee, no disbursal fee

  • Collateral Required: None

 

Steps to apply

 

  1. Download the GXS Bank app.

  2. Sign up for a GXS Biz Account.

  3. Submit your FlexiLoan Biz application in-app.

  4. Receive instant access to your approved credit line once your application is verified.

 

You can also book a call, or contact GXS at (+65) 6866-6685 or smebiz@gxs.com.sg

 

Singsaver’s take

 

  • Instant credit line approval of up to S$150,000, subject to eligibility and underwriting

  • Withdraw from as little as S$1,000 whenever you need working capital

  • Funds disbursed in minutes to your preferred business account

  • Low interest rates starting from 4.99% p.a. (EIR 9.32% p.a.)

  • No annual fee, no early repayment fee, and all disbursal fees waived

  • Flexible repayment options, with tenures ranging from 2 to 36 months

  • Choose your repayment date

  • Repay early anytime without penalty

  • Every GXS Business Loan comes with a GXS Business Account that earns daily interest

  • No collateral required

 

Loan details

 

Eligibility

  • SMEs registered in Singapore

  • Satisfy GXS Bank’s underwriting and verification requirements

 

Required Documents

  1. GXS uses digital verification, but may request:

  2. ACRA business profile

  3. Bank statements (if required)

  4. Additional financials for underwriting

 

Exact documents may vary based on business type and risk profile.

 

Key Features

The information above is provided for general reference. Actual credit limits, interest rates and approval outcomes depend on GXS Bank’s assessment of your business profile and financial health. Terms and conditions apply.

GXS Capital

  • Loan Amount: Up to S$500,000

  • Interest Rate: From 0.7% per month

  • EIR: Varies based on loan amount and tenure

  • Processing Fee: Disbursal fee applies

  • Collateral Required: None

 

Steps to apply

 

  1. Click “Apply Now” and begin the online application

  2. Upload your required documents and submit your application for assessment

  3. Receive an approval outcome in as fast as 1 day

  4. Funds will be disbursed after you accept the loan offer

 

You can also contact GXS Capital at +65 8306 6646 or support@validus.sg for assistance.

 

Singsaver’s take

 

  • Borrow up to S$500,000 with no collateral required

  • Affordable interest rates starting from 0.7% per month

  • Submit as little as 2 documents for credit assessment

  • Fast loan approval and disbursement in as fast as 1 day

  • Short-term instalment loan structure for operational flexibility

  • Transparent fees with no hidden charges

  • Suitable for SMEs, new businesses and small businesses in Singapore

  • Maintains cash flow and helps manage periods of slower revenue

  • Supports business growth and project financing needs

  • May help establish a positive business credit history

 

Loan details

 

Eligibility

  • Private Limited Company registered in Singapore for at least 6 months

  • Sole Proprietorship registered in Singapore for at least 12 months

  • Business must be at least 25% owned by a Singapore Citizen or Singapore PR

 

Required Documents

  1. Most recent Credit Bureau Report (dated within 1 month)

  2. Last 6 months of bank statements

 

Additional documents may be requested depending on underwriting assessment

 

Key Features

The information displayed above is for reference only. Actual loan amounts, interest rates and approval outcomes will depend on GXS Capital’s lending criteria and review of your business profile. Terms and conditions apply.

GrabFinance Easy Loans

  • Loan Amount: Up to S$100,000

  • Interest Rate: One-time upfront fee (no ongoing interest)

  • EIR: Varies based on fee and tenure

  • Processing Fee: One-time fee deducted upfront

  • Collateral Required: None

 

Steps to apply

 

  1. Click “Apply Now” and begin your online application

  2. Enter your preferred loan amount and tenure

  3. Upload the required documents for assessment

  4. Receive approval and loan disbursement within 5 business days, subject to GrabFinance’s review

 

Singsaver’s take

 

  • Borrow up to S$100,000, with the option to appeal for higher limits

  • Simple fee structure with a one-time upfront fee and no ongoing interest

  • Daily repayments deducted from your Grab earnings for the first 27 days of each month

  • Repayment amount auto-adjusts based on your daily earnings

  • If earnings are low or a store is closed, no repayment is deducted that day

  • Consolidated repayment visibility via the GrabMerchant Portal

  • Ability to request a Statement of Account when needed

  • Repayments are allocated starting from your highest-earning store

  • Partial deductions are made when earnings are insufficient, with the remainder carried over

  • Fast and simple funding designed for cash flow smoothing and business expansion

  • Designed for Grab merchant partners

 

Loan details

 

Eligibility

  • Grab Merchant business with an active store on the Grab platform

  • At least 6 months of operating history

  • Meets GrabFinance’s earnings and behaviour assessment criteria

 

Required Documents

  • Most recent performance and earnings data via GrabMerchant (auto-assessed)

 

Additional documents may be requested depending on your profile

 

Key Features

The information displayed above is for reference only. Actual loan amounts, fees, deductions, and approval timelines depend on GrabFinance’s assessment of your business performance and repayment capacity.

Standard Chartered Business Instalment Loan

  • Loan Amount: Up to S$500,000

  • Interest Rate: Based on Bank’s approval (Board Rate: 9.00% p.a.)

  • EIR: Varies based on loan amount and tenure

  • Processing Fee: First-year annual fee up to 2% of approved loan amount (min S$400); S$100 annually thereafter

  • Collateral Required: None (Personal guarantee required)

 

Steps to apply

 

  1. Fill out the Business Instalment Loan application form and upload all required documents for assessment

  2. Await approval from the Bank

  3. Upon acceptance, funds will be disbursed into your complimentary Business Current Account

 

Singsaver’s take

 

  • Borrow from S$70,000 to S$500,000

  • No collateral required, only personal guarantees

  • Loan tenure of 1 to 5 years

  • Business financial statements are not required

  • Only GST statements (last 4 quarters) and bank statements (last 6 months) needed

  • Fixed monthly instalments for predictable loan servicing

  • Monthly repayments automatically debited from your Business Current Account

  • Fast loan approval process, enabling access to funds sooner

  • Supports business expansion and operational cash flow

  • Transparent fee structure with clear prepayment and redemption terms

 

Loan details

 

Eligibility

  • Sole Proprietors, Partnerships, and Private Limited Companies

  • Singapore-registered business

  • At least 50% shareholding held by Singaporeans or Singapore PRs

  • Minimum 3 years of operating history

  • Minimum annual turnover of S$750,000

 

Required Documents

  1. Identity documents (NRIC or passport) of Sole Proprietors / Partners / Directors

  2. Company’s GST statements for the last 4 quarters

  3. Company’s Operating Current Account statements for the past 6 months

  4. Completed Business Instalment Loan application form

  5. Income Tax Notice of Assessment (for Sole Proprietors / Partners)

  6. Board resolution (for Private Limited Companies)

  7. Company constitutional documents (e.g., Memorandum & Articles of Association)

 

Additional entity establishment, identity or address proof documents as required

 

Key Features

The information displayed above is for reference only. Actual loan amounts, interest rates, fees and approval outcomes are subject to Standard Chartered Bank’s assessment and discretion. Terms and conditions apply.

DBS SME Working Capital Loan

  • Loan Amount: Up to S$500,000

  • Interest Rate: From 7% p.a., subject to Bank’s approval

  • EIR: Varies based on loan amount and tenure

  • Processing Fee: Lower processing fees for online applications

  • Collateral Required: None (Personal guarantees required)

 

Steps to apply

 

  1. Submit your application online via DBS

  2. Check if any documents are required for verification

  3. Inform your guarantors to endorse the application

  4. Track your application status on DBS IDEAL

  5. Once approved, review and accept the loan offer digitally (where applicable)

  6. Funds will be disbursed into your DBS business account once completed

 

Singsaver’s take

 

  • Borrow up to S$500,000

  • Interest rates from 7% p.a. with flexible tenures of up to 5 years

  • No documents required for loans up to S$50,000 for new borrowers with DBS

  • Lower processing fees for online submissions

  • Fast approval process to help you manage business expansion or liquidity needs

  • Fixed monthly instalments for predictable repayments

  • Application, approval, acceptance and tracking all supported digitally through DBS IDEAL

  • Eligible borrowers receive up to S$888 cashback during the festive promotion period

  • Supports SMEs with group revenue under S$100 million or group employment size below 200

 

Loan details

 

Eligibility

  • Business registered and operating in Singapore

  • At least 30% local shareholding (Singaporeans or PRs)

  • Group annual sales below S$100 million, or

  • Group employment size fewer than 200

  • Eligibility assessed on a group basis, including corporate parents and subsidiaries

 

Required Documents

  • If applying via ACRA or MyInfo Business:

  • Most information is retrieved automatically

  • Additional documents may be required, such as:

    • Latest 2 years of financial statements

    • Latest 3 months of bank statements (not required if DBS is main operating bank)

 

No documents required for loans up to S$50,000 for new DBS borrowers.

 

Key Features

The information above is for general reference. Actual loan amounts, interest rates, fees and approval outcomes depend on DBS’s assessment of your business financials and eligibility. Terms and conditions apply.

Review the best small business loans in 2026

Compare Singapore’s best small business loans in 2025 at a glance, from maximum loan amounts to key requirements.

 

Type of loan

Maximum loan

Interest rate

Loan tenure

Requirements

SME Working Capital Loan (Government-assisted)

S$500,000

Determined by participating FIs

5 years

ACRA-registered business entity operating in Singapore


At least 30% local equity held directly or indirectly by SG citizens or PRs


Group Annual Sales Turnover cannot exceed S$500 million


Group revenue of up to S$100 million or a total workforce of 200 employees

SME Fixed Assets Loan (Government-assisted)

S$30 million

Determined by participating FIs

15 years

ACRA-registered business entity operating in Singapore


At least 30% local equity held directly or indirectly by SG citizens or PRs


Group Annual Sales Turnover cannot exceed S$500 million


Group revenue of up to S$100 million or a total workforce of 200 employees

OCBC Business First Loan

S$100,000

8-11% p.a.

1-5 years

ACRA-registered business operating in Singapore for 6 months to 2 years


At least 30% Singapore Citizen or PR ownership


At least 1 employee


More than 50% equity owned by individuals

OCBC Business Term Loan

S$700,000

7-11% p.a.

1-5 years

Your company must be locally incorporated for a minimum of 2 years


At least 30% of company ownership by Singapore Citizens/ PRs

UOB BizMoney Loan

S$350,000

10.88% p.a.

1-5 years

Applicable for Sole Proprietors, Partnerships and Private Limited Companies


ACRA-Registered and operating in Singapore for at least 1 year


At least 30% of shareholders based in Singapore

CIMB BizGrow Loan

S$400,000

9.88% p.a.

1-5 years

Contact CIMB for more details

DBS Business Loan

S$500,000

7% p.a.

1-5 years

Open to all Singapore-registered businesses

Standard Chartered Business Instalment Loan

S$500,000

9-15% p.a.

1-5 years

Applicable for Sole Proprietors, Partnerships and Private Limited Companies


ACRA-registered business


50% or more shareholdings held by Singapore Citizens/PRs


Business in operation for a minimum of 3 years


Turnover of at least S$750,000

Understanding small business and SME loans in Singapore

What are small business loans?

 

Small business loans are designed to meet the financing needs of SMEs and startups. These loans are flexible, convenient, and typically offered without the need for collateral. In other words, they function as an unsecured business loan, allowing businesses to access funds without pledging physical assets. With this financing, small businesses can support day-to-day operations or fuel growth plans.

 

Once approved, funds may be used at the company’s discretion. Business owners can channel the capital into purchasing equipment, managing payroll, funding research and development, or supporting any other operational or expansion needs.

 

How do business loans work?

 

Business loans operate in much the same way as a personal loan. The difference is that the loan is taken by a company, and not by an individual.

 

As such, there are additional requirements your company will need to meet before your bank or financial institution of choice approves your loan. Some common eligibility requirements include having a certain percentage of local shareholders, a minimum period of business operations and a set group annual turnover sum. As you might expect, the business will need to be registered in Singapore under the Accounting and Corporate Regulatory Authority (ACRA).

 

>>MORE: What are the different types of loans for businesses?

 

When applying for a business loan, look for one where the loan sum and tenure best suits your organisation's needs. Your lender will then offer you a loan package with an interest rate based on their assessment of your company’s credit risk.

 

If the terms of the loan meets your business needs, you can choose to formally accept the loan package, and the funds will be disbursed to your company’s account. Thereafter, you will need to repay the loan via fixed monthly instalments throughout the loan tenure.

 

Types of small business (SME) loans

 

Business term loans structured around monthly instalment payments are among the most common types of business loans available in Singapore.

 

However, there are also other types of business loans and commercial financing options that small businesses can tap on. These include:

 

  • Green or sustainable financing loans, which are used by companies to cover the cost of switching to a more sustainable way of operating. One example is OCBC’s Green Loans For SME, which provides funding for clean transportation, energy efficiency and pollution prevention, just to name a few.

  • Overdraft business loans. This revolving line of credit loan has no fixed tenure and grants quick access to cash needed for daily business operations. For instance, business owners can take out DBS’s Overdraft Business Loan for an instant cashflow boost. Plus, business owners will only have to pay interest on funds they have utilised.

  • Microloans are another option for small businesses that only require modest capital. These smaller, short-term loans are popular among early-stage startups and microbusinesses that may not yet qualify for traditional SME financing.

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Types of government-assisted SME loans

In addition to loans provided by banks and financial institutions, there are also government-assisted SME loans, some of which have been enhanced over time. 

 

  • SME Working Capital Loan. This loan gives SMEs access to financing for operational cashflow needs, at S$500,000 over a loan tenure of up to 5 years. A larger risk share of 70% may be assigned to young enterprises, while more established SMEs may get a reduced risk share of 50%.

  • SME Fixed Assets Loan. This loan allows for SMEs to finance their investments in local and overseas fixed assets. They can borrow up to S$30 million over 15 years to finance purchase of equipment or machines, for the purposes of automation or upgrading. They may also use the funds for the purchase or construction of factories and business premises.

 

>>LEARN: 5 reasons why successful SMEs take business loans

Small business/SME loans under S$500,000

OCBC Business First Loan 

 

  • Interest rate: 8-11% p.a.

  • Loan amount: Up to S$100,000

  • Loan term: 1-5 years

 

DETAILS

 

Overview:

 

OCBC positions their Business First Loan as ideal for start-ups, thanks to their lower costs and fast application process. New businesses in operation for at least 6 months are able to apply.

 

Qualifications:

 

  • ACRA-registered business operating in Singapore for 6 months to 2 years

  • At least 30% Singapore Citizen or PR ownership

  • At least 1 employee

  • More than 50% equity owned by individuals

 

Time to approval:

 

  • Complete your application under 5 mins via MyInfo Business on SingPass. Get a response within 3 business days. 

 

Fees and charges:

 

  • Facility fees: 2% of the loan amount, up to a minimum of S$500. Get 60% off facility fees when you apply from now till September 2025

  • Early repayment fee: S$0

UOB BizMoney Loan

  • Interest rate: 10.88% p.a.

  • Loan amount: Up to S$350,000

  • Loan term: 1-5 years

 

DETAILS

 

Overview:

 

Need a little bit more capital than just S$100,000? Why not apply for the UOB BizMoney Loan, especially if you already have an UOB business account? Apply for your loan on the UOB SME app for a seamless process.

 

Qualifications:

 

  • Applicable for Sole Proprietors, Partnerships & Private Limited Companies

  • ACRA-Registered and operating in Singapore for at least 1 year

  • At least 30% of shareholders must be based in Singapore

 

Time to approval:

 

  • Within 1 business day

 

Fees and charges:

 

  • Annual fee: S$500

  • Facility rate: 2% of the approved loan amount


>>MORE: How much loan can I get from a bank in Singapore?

Small business/SME loans S$500,000 and above

DBS Business Loan

 

  • Interest rate: 7% p.a.

  • Loan amount: Up to S$500,000

  • Loan term: 1-5 years

 

DETAILS

 

Overview:

 

Open to all businesses registered in Singapore, the DBS Business Loan is also stackable with government-assisted loans so you can free up even more capital. You also get a discount on processing fees when you apply online.

 

Qualifications:

 

  • Business registered in Singapore under ACRA.

 

Time to approval:

 

  • Complete your application within 5 minutes when you apply online. 

 

Fees and charges:

 

  • Processing fee: 0.6% of the approved loan amount.

  • Early repayment fee: 2.5% of the principal amount prepaid. (If prepayment is made within 2 years of the loan’s disbursement date.)

Standard Chartered Business Instalment Loan

  • Interest rate: Varies for each loan

  • Loan amount: Up to S$500,000.

  • Loan term: 1-5 years.

 

DETAILS

 

Overview:

 

A flexible loan quantum of S$70,000-500,000 and a simplified application process make the Standard Chartered Business Instalment Loan stand out from the rest. However, the bank’s interest rates could be more transparent.

 

Qualifications:

 

  • Open to Sole Proprietors, Partnerships & Private Limited Companies.

  • ACRA-registered business.

  • 50% or more shareholdings held by Singapore Citizens/PRs.

  • Business must be in operation for a minimum of 3 years.

  • Turnover of at least S$750,000.

 

Time to approval:

 

  • Contact Standard Chartered Bank for more information.

 

Fees and charges:

 

  • Annual fee: 2% of the approved loan amount or a minimum of S$400 for your 1st year. S$100 for subsequent years.

  • Default fee: S$100

  • Early repayment fee: 5% of the outstanding loan amount for repayments made within the first 12 months from the date of disbursement. 3% of the outstanding loan amount if repayment was made later, with 1 month’s prior written notice.


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OCBC Business Term Loan

  • Interest rate: 7.75-11% p.a.

  • Loan amount: Up to S$700,000

  • Loan term: 1-5 years

 

DETAILS

 

Overview:

 

Unlike the OCBC Business First Loan, the OCBC Business Term Loan is for established businesses who have been in operation for at least 2 years. This means you’ll be able to loan up to S$700,000, which is 7 times higher than the maximum loan amount for the OCBC Business First Loan!

 

Qualifications:

 

  • Your company must be locally incorporated for a minimum of 2 years

  • At least 30% of company ownership by Singapore Citizens/ PRs

 

Time to approval:

 

  • Complete your application in less than 5 minutes when you apply via MyInfo Business.

 

Fees and charges:

 

  • Facility fee: 1.5% of the approved loan amount (Minimum S$500)

  • Early repayment fee: S$0

SME Working Capital Loan (Government-assisted)

  • Interest rate: Determined by participating FIs

  • Loan amount: S$500,000

  • Loan term: 1-5 years

 

DETAILS

 

Overview:

 

The SME Working Capital Loan was permanently raised from S$300,000 to S$500,000 in 2024, allowing businesses more flexibility to meet operational and cashflow needs. With 15 participating banks and financial institutions to choose from, you’ll surely find one with terms that meets your requirements. 

 

Qualifications:

 

  • ACRA-registered business entity operating in Singapore.

  • At least 30% local equity held directly or indirectly by SG citizens or PRs.

  • Group Annual Sales Turnover cannot exceed S$500 million.

  • Group revenue of up to S$100 million or a total workforce of 200 employees.

 

Time to approval:

 

  • Varies according to financial institutions

 

Fees and charges:

 

  • Varies according to financial institutions

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What to look out for when applying for a business loan?

Fees and charges

 

Small business term loans come with fees and charges that add to the overall cost of your loan. They may also vary from loan to loan, even for identical products offered by the same bank. One such example is Standard Chartered's Business Instalment Loan, where the Effective Interest Rate (EIR) for each loan can vary.

 

All financial institutions impose late payment or default fees. While nobody wants to default on their loans, it's worth noting down these fees to make sure you are able to pay the fees in case the worst should happen. Also look out for processing fees, annual fees and early repayment fees.

 

Affordability

 

Loan affordability refers to the ease with which you are able to make monthly repayments. It is determined by loan tenure and interest rate.

 

Generally, the longer your loan, the more interest you will accumulate, which results in a larger repayment sum. Despite this, some companies may opt for longer loan tenures to benefit from smaller monthly repayment amounts. Do weigh both options carefully to see which one will benefit your organisation more in the long run.

 

>>MORE: 7 sources of capital for business owners In Singapore

 

With an optimal loan tenure and interest rate, your company should be able to comfortably pay off the loan each month. Prioritise loan terms that won't impact your company's finances even during slowdowns.

 

This will help your organisation to avoid late fees, escalating interest rates and perhaps even lengthened tenures altogether. After all, paying out of pocket would defeat the purpose of getting a small business loan in the first place.

 

Business loan eligibility in Singapore: What SMEs need to know

Before applying for a business loan in Singapore, it helps to understand whether your company meets the basic eligibility criteria. Each lender sets its own requirements, but most evaluate your business structure, ownership, operating history, and financial health. Here’s a quick guide to help SMEs, startups, and microbusinesses check their eligibility before choosing the right loan.

 

General eligibility criteria for SMEs in Singapore

 

Most banks and digital lenders assess your business based on the following:

  • ACRA registration: Your business must be registered and operating in Singapore.

  • Local ownership: At least 30% Singaporean/PR shareholding is required for government-backed SME loans.

  • Operating history:

    • Traditional banks typically require 2 years or more of operations.

    • Digital lenders may accept 6–12 months.

  • SME definition: Annual group revenue of up to S$100 million, or a group employment size below 200 employees.

  • Financial health: Lenders review recent financial statements and 3–6 months of bank statements.

  • Supporting documents: Usually include ACRA BizFile, GST filings, and director identification.

  • Creditworthiness: Both company and personal credit profiles may be assessed.

These criteria help lenders understand how stable your business is, how much you can borrow, and what loan structure best fits your needs.

 

>>MORE: How to apply for a business loan?

 

Eligibility by business type

 

Business Type

Key Requirements

Typical Loan Options

Small & Medium Enterprises (SMEs)

Annual revenue up to S$100 million; at least 30% local shareholding; 2+ years operating history

SME Working Capital Loan, Business Term Loan

Startups & Young Businesses

Operating for 6–12 months; revenue varies; lenders assess growth potential

Digital SME loans, alternative financing

Microbusinesses & Sole Proprietors

Operating for 6 months or more; revenue typically below S$1 million

Microloans, P2P financing, digital lenders

Quick overview: Bank vs digital vs government loans

Here’s how the main small business financing options compare in Singapore:

 

Feature

Business Loans (Banks)

Personal Loans (Bank / Digital)

Government Loan (SME Working Capital Loan)

Maximum loan amount

Up to S$800,000

Up to S$200,000–S$300,000

Up to S$500,000 per borrower

Loan tenure

1–5 years (up to 10 years for secured loans)

1–7 years

Up to 5 years

Business operating period

Banks: 1–2 yearsDigital lenders: 6–12 months

N/A

At least 2 years

Ownership requirement

≥ 30% local shareholding

N/A

≥ 30% local shareholding

Collateral

May be required for high quantum

None

None

Approval speed

Banks: 3–7 business days. Digital lenders: 1–3 days

1–5 days or instant

5–10 days (Enterprise Singapore approval required)

Interest rate

Up to 15% p.a.

From 1.52% p.a.

Lower, government-backed

Can you use personal loans instead of business loans?

Personal loans can be a convenient alternative for business owners who don’t qualify for traditional SME financing, but they come with trade-offs you should understand before applying.

 

Because personal loans are tied to your individual income, the loan amounts are usually much smaller. Only borrowers earning S$120,000 a year and above can access up to 10X their monthly salary, while most applicants qualify for just 4–6X. This means even the largest personal loans may only cover what would be a small business loan.

 

You’ll also be personally liable for repayment. Unlike business loans, which sit under the company unless you act as guarantor, personal loans follow you, even if your business closes or revenue drops.

 

That said, personal loans remain a useful option for many SMEs, startups, sole proprietors, and freelancers. Since approval is based on your creditworthiness, income, and repayment history rather than company financials, they offer:

 

  • Lower entry requirements

  • Faster approval speeds

  • Quick cash disbursement

  • No need for business documents or track record

This makes them especially practical for early-stage founders, those without formal financial statements, or small businesses that only require modest working capital.


>>MORE: Compare personal loans

Loan
Monthly Repayment
SingSaver Reward
Annual Interest Rate
Total Cost of Loan
EIR
UOB Personal Loan
UOB Personal Loan

S$434

S$430

Starting from 1.38 %

S$621

Starting from 2.65 % p.a.

Trust Bank Instant Loan
Trust Bank Instant Loan

S$436

S$410

Starting from 1.56 %

S$702

Starting from 3.00 % p.a.

DBS Personal Loan
DBS Personal Loan

S$435

-

Starting from 1.48 %

S$666

Starting from 3.47 % p.a.

Standard Chartered CashOne Personal Loan
Standard Chartered CashOne Personal Loan

S$439

S$410

Starting from 1.80 %

S$810

Starting from 3.44 % p.a.

GXS FlexiLoan
GXS FlexiLoan

S$437

-

Starting from 1.60 %

S$720

Starting from 3.00 % p.a.

MariBank Instant Loan
MariBank Instant Loan

S$440

-

Starting from 1.86 %

S$837

Starting from 3.56 % p.a.

CIMB Personal Loan
CIMB Personal Loan

S$437

-

Starting from 1.60 %

S$720

Starting from 3.07 % p.a.

EZ Loan
EZ Loan

S$540

-

9.88 %

S$4,446

9.88 % p.a.

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Frequently asked questions about small business (SME) loans in Singapore

    Which loan is best for business?

    How much is the interest rate for a business loan?

    Where is the easiest place to get a business loan?

    What is the minimum down payment for a business loan?

    Which loan is best for a start-up business?

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