Updated July 14, 2025
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Disclaimer
Terms & Conditions
Annual Interest Rate
Max Loan Amount
Processing Fee
Hong Leong Finance, a well-established financial institution in Singapore, offers the temporary bridging loan to support local SMEs in managing operational costs and cash flow during challenging periods. This loan is part of the Enterprise Singapore initiative and provides access to substantial financing without the burden of annual or penalty fees.
With a competitive fixed annual interest rate of 5.5% and a flexible loan tenure of up to 5 years, businesses can borrow up to S$500,000 to meet their immediate financial needs. Notably, the monthly instalment for a S$100,000 loan over the full tenure is S$1,910.12, leading to a total repayment amount of S$114,606.97, which includes S$14,607 in total interest.
This loan does not require a minimum income threshold for application, nor does it impose a lock-in period or annual fee, making it accessible and manageable for companies with a minimum turnover of S$750,000 and at least 2 years of incorporation.
Overall, Hong Leong Finance’s temporary bridging loan is a strategic option for SMEs seeking mid-term financial stability with predictable repayments and low administrative burden.
Loan Accessibility
The temporary bridging loan by Hong Leong Finance removes common entry barriers. There is no minimum income requirement, and businesses only need a minimum turnover of S$750,000 and 2 years of incorporation to qualify. This ensures accessibility for a wide range of SMEs across industries.
Flexible Financing Amount
Borrowers can access up to S$500,000, allowing for flexible funding based on operational needs, from covering payroll to managing short-term expansion plans. The scalable loan ceiling makes it suitable for both small enterprises and growing mid-sized businesses.
Predictable Repayment Structure
With a fixed interest rate of 5.5% per annum and a maximum tenure of 5 years, businesses benefit from consistent monthly instalments. For instance, a S$100,000 loan comes with a monthly repayment of S$1,910.12, offering financial predictability and easier budgeting over time.
Cost Transparency
There are no annual or penalty fees, and the processing fee ranges from just 1–2%. The total interest for a typical loan of S$100,000 over five years amounts to S$14,607, keeping cost projections transparent from the outset.
Processing Fee
A processing fee between 1% and 2% of the approved loan amount applies. This fee is deducted upfront and remains one of the few costs associated with the loan, making the total expense structure straightforward for business planning.
Annual Fee
There is no annual fee charged throughout the loan tenure. Unlike many traditional SME loans, this helps reduce recurring costs and enhances the long-term affordability of the loan.
Penalty Fee
Hong Leong Finance does not impose any penalty fees for early repayment. Borrowers can settle their outstanding balance at any point during the loan term without incurring additional charges—ideal for businesses experiencing improved cash flow.
Late Payment Charges
While the product is designed to be flexible and business-friendly, late payment penalties may still apply on a case-by-case basis. However, Hong Leong Finance does not disclose fixed charges for delayed repayments, encouraging businesses to maintain timely instalments.
Total Interest Payable Example
For a S$100,000 loan over 5 years, the total interest incurred is S$14,607, resulting in a total amount payable of S$114,606.97. This amount includes all finance charges, with no hidden or compounding fees beyond what is disclosed upfront.
| Lender | Annual Interest Rate | Processing Fee | Annual Fee | Monthly Repayment |
|---|---|---|---|---|
| Anext | 7% | 1% or S$200 whichever is higher | $0 | $2,970.18 |
| DBS | 6% | 1% | no | $2,899.92 |
| Maybank | 7% | 1-2% | $2,970.18 | |
| OCBC | 7.5 % | 1-2% | no | $3,005.69 |
| Orix | 8.5 % | 1-2% | no | $3,077.48 |
| Ethoz | 9 % | 1.25% | One time off $1,500 Commitement Fee | $3,113.75 |
| Funding Societies | 9.6 % | 7% | $3,157.61 | |
| SCB | 10.88 % | 1-3% | $288 | $3,252.39 |
* Rates Updated 14 Jul 2025 - Loan Amount Example S$150,000 In 5 Years
Hong Leong Finance’s temporary bridging loan is tailored for Singapore-based SMEs seeking short- to mid-term financing under the support of Enterprise Singapore.
Business Incorporation Requirements
To qualify, the business must be incorporated in Singapore for a minimum of 2 years, demonstrating operational stability and a proven track record.
Revenue Threshold
Eligible companies must have a minimum annual turnover of S$750,000. This ensures that the loan is directed toward businesses with sufficient revenue flow to manage structured repayments.
Company Type and Sector
All SMEs registered and operating in Singapore across diverse industries—whether in retail, manufacturing, services, or logistics—are eligible to apply, provided they meet the basic incorporation and turnover requirements.
No Minimum Loan History or Credit Score Required
There is no prerequisite for prior borrowing history or personal credit checks for company directors, making the application process streamlined and business-focused.
Start your loan application journey with our quick online application multistep form—it takes just 30 seconds to complete. Our advanced technology and expert loan specialists work together to match you with suitable options on our platform
Our team will reach out requesting the following necessary documents: company registration information, bank statements, financial reports and your IC/FIN details.
Our dedicated customer success team will carefully examine your application, contacting you if any additional information is required. Once we’ve verified your details, we’ll begin the process of matching you with appropriate lenders and loan options.
Compare loan offers in real-time through your application dashboard. Our customer success team is available to discuss loan details.
Once you’ve agreed on the loan terms and signed the contract, you’ll receive a copy of the agreement. This document will outline your monthly payment schedule. Your funds will then be disbursed either in cash or via bank transfer.
Fixed 5.5% per annum offers predictability and affordability over a 5-year term.
Zero annual maintenance fees and no charges for early repayment, enhancing financial flexibility.
Borrow up to S$500,000, giving SMEs ample funding to manage cash flow or scale operations.
Only requires 2 years of incorporation and S$750,000 in annual turnover—no personal credit score checks or minimum income requirements.
A 1–2% processing fee is charged upfront, which may affect the net amount disbursed.
Unlike some digital lenders, fund disbursement typically takes a few working days post-approval.
