Updated July 14, 2025
Fact-Checked
We put every effort into ensuring information on ROSHI is accurate and up to date. Double-check all details before applying or buying.
Disclaimer
Terms & Conditions
Annual Interest Rate
Max Loan Amount
Processing Fee
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.
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.
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.
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.
| 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
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.
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.
Offers financing of up to S$1,000,000, making it ideal for SMEs with substantial working capital needs or larger operational expansions.
A 5.5% fixed annual interest rate ensures predictable repayment planning over the loan tenure, shielding borrowers from rate fluctuations.
Once approved, funds are typically disbursed within 1 business day, supporting urgent business continuity or investment timelines.
Applicants have the flexibility to apply for any amount up to the limit, depending on eligibility, with no imposed minimum threshold.
Borrowers are subject to a lock-in period, meaning early repayment may trigger penalties or administrative fees.
Late payments or defaulting on the loan can incur penalty charges, increasing the overall cost of borrowing.
