Standard Chartered Temporary Bridging Loan (January 2026)
(Product review)

Product Review

Standard Chartered Bank (SCB), a globally trusted financial institution, offers the temporary bridging loan under the Enterprise Singapore initiative to support local businesses with accessible financing during economic uncertainty. Tailored for SMEs in Singapore, this government-assisted scheme helps companies manage short-term cash flow needs with structured repayment terms and competitive interest rates.

With an annual interest rate of 5.5% and a 1.5% processing fee, the loan offers cost-effective funding for businesses seeking stability and expansion. The product supports loans of up to S$1,000,000, offering sufficient capital for operational continuity or growth. For a typical loan of S$100,000 over 5 years, businesses can expect fixed monthly repayments of S$1,910.12, totaling S$114,606.97 payable over the entire tenure.

Singapore’s Favourite
Loan Marketplace

Up to 1% Cashback*

$100 Grocery Voucher*

Quick 5 Minutes Approval

How much do you want to borrow?

$50,000

$500,000

Over what period would you like to pay?

1 Month

60 Months

Your monthly payment

337

Compare Latest Offers

Rate Disclaimer*

Based on a $20,000 loan at 6.95% APR over 5 years, total repayable amount is $26,940 with $449 monthly payments. Your personal APR will be provided upon application completion. Loan terms available from 3 to 72 months. Maximum APR 8.88%.

Show Less

*Based on a $20,000 loan at 6.95% APR over 5 years, read more total repayable amount is $26,940 with $449 monthly payments. Your personal APR will be provided upon application completion. Loan terms available from 3 to 72 months. Maximum APR 8.88%. show less

This facility comes with a lock-in period and applies to businesses with a minimum annual turnover of S$750,000 and at least 3 years of incorporation. The loan is designed to be straightforward, with no minimum application requirement, ensuring accessibility for eligible SMEs.

Key Factors

Attractive Financing Cap
With a maximum loan amount of S$1,000,000, this facility offers substantial support for businesses needing liquidity for expansion, operations or bridging shortfalls. The size of the loan makes it ideal for SMEs with larger financing requirements.

Straightforward Cost Structure
The loan carries a fixed interest rate of 5.5% per annum and a 1.5% processing fee, providing predictable cost planning. For a typical S$100,000 loan, total interest amounts to S$14,607 across 5 years, translating to a total repayment of S$114,606.97 with monthly instalments of S$1,910.12.

Reasonable Eligibility Criteria
There is no minimum loan requirement, but applicants must have a minimum turnover of S$750,000 and be incorporated for at least 3 years. These thresholds make the loan accessible to established SMEs, without excluding mid-sized players.

Fixed Tenure with Lock-In
The loan has a maximum tenure of 5 years and comes with a lock-in period, meaning early repayment may incur penalties. Borrowers should carefully evaluate their repayment capacity and long-term financing strategy before committing.

Standard Chartered Fees

• Processing Fee
  A one-time processing fee of 1.5% is deducted from the approved loan amount upon disbursement. For example, on a S$100,000 loan, this equals S$1,500, which is subtracted before funds are released.
• Interest Charges
  This loan carries a flat interest rate of 5.5% per year, locked throughout the tenure. Unlike variable-rate loans, borrowers are shielded from rate volatility and can better forecast repayment obligations.
• Penalty Fee
  While detailed penalty amounts are not publicly disclosed, borrowers should be aware that penalties apply in cases of early loan termination (due to a lock-in period) or missed payments. It’s recommended to confirm specifics with the bank before finalizing the loan agreement.
• Total Interest Payable
  For transparency, the total interest paid over a 5-year tenure on a S$100,000 loan amounts to S$14,607, leading to a total repayment of S$114,606.97. This total includes all interest and processing fees.

Overview of Interest Rates

Eligibility for Standard Chartered Temporary Bridging Loan

• Business Incorporation Requirements
  To qualify, the applicant must be a business entity incorporated in Singapore for at least 3 years. This ensures the loan targets companies with proven operational stability.
• Minimum Annual Turnover
  Eligible businesses must demonstrate a minimum annual revenue of S$750,000, confirming sufficient cash flow to manage repayments and maintain loan servicing standards.
• Sector and Operational Criteria
  The temporary bridging loan is available across multiple industries but is intended primarily for Singapore-based SMEs impacted by external economic conditions. Applicants must operate primarily within Singapore and fulfill SCB’s internal credit evaluation.
• No Minimum Loan Amount Imposed
  There is no mandatory minimum loan size, which provides flexibility for businesses with varying funding needs. Whether applying for S$50,000 or S$1,000,000, the same qualification criteria apply.
• Creditworthiness & Compliance
  Applicants must pass Standard Chartered’s internal credit assessment, which may include a review of financial statements, cash flow records, existing liabilities and repayment history. Businesses with strong financial discipline and clean repayment track records are more likely to be approved.