Updated July 14, 2025
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Terms & Conditions
Annual Interest Rate
Max Loan Amount
Processing Fee
ANEXT Bank, a digital wholesale bank licensed by the Monetary Authority of Singapore (MAS), offers a flexible Business Term Loan designed to support SMEs and startups in managing their cash flow, expansion plans, and working capital needs.
With a loan amount of up to S$500,000 and tenure options of up to 5 years, ANEXT Bank’s term loan is well-suited for businesses seeking mid-to-long-term financing. The interest rate ranges between 7% and 10% per annum, providing a transparent and predictable cost structure.
What makes this loan offering particularly attractive is its no annual fee policy, no penalty fee, and no lock-in period, which grants businesses the financial freedom to repay early without incurring extra charges. Additionally, the processing fee is competitively structured at 1% or S$200, whichever is higher — making it accessible for both small and medium-sized enterprises.
ANEXT bank’s business term loan also stands out for its minimal eligibility requirements, requiring no minimum turnover or years of incorporation. This positions it as a viable financing solution not only for established SMEs but also for newly incorporated entities and entrepreneurs looking to grow.
In a sample scenario with a loan amount of S$100,000, at a 7% annual interest rate over 5 years, the monthly installment would be approximately S$2,066.14, with a total repayment amount of S$123,968.54. This makes it a predictable and manageable financing choice for businesses seeking to scale operations or maintain liquidity.
Interest Rate
ANEXT Bank offers a fixed annual interest rate ranging from 7% to 10%, depending on the borrower’s credit profile and risk assessment. This transparent rate structure enables businesses to better forecast financial obligations and assess affordability over the loan tenure.
Loan Amount & Tenure
The loan amount ranges from S$5,000 to S$500,000, allowing businesses to choose financing that aligns with their capital needs—whether for operational expansion, equipment purchases, or working capital. The maximum loan tenure is 5 years, offering flexibility in repayment planning. Businesses can choose shorter terms for quicker payoff or extend up to 60 months for lower monthly installments.
Repayment Structure
Repayments are made via equal monthly installments (EMIs). For example, a S$100,000 loan at 7% over 5 years results in monthly payments of S$2,066.14, totaling S$123,968.54. This amortized schedule provides predictability and facilitates better cash flow management.
Processing Fee & Charges
A one-time processing fee of 1% or S$200 (whichever is higher) is applied at disbursement. There is no annual fee, no early repayment penalty, and no lock-in period, offering borrowers cost efficiency and repayment flexibility.
Digital Experience & Speed
Being a digital-first bank, ANEXT enables fully online applications, quick credit assessments, and fast disbursements. This is particularly beneficial for time-sensitive businesses needing fast access to capital.
In summary, the ANEXT Business Term Loan delivers a scalable, transparent, and digitally streamlined financing solution that adapts to the dynamic needs of small and medium enterprises.
ANEXT Bank adopts a cost-transparent approach with its business term loan, eliminating hidden fees and reducing the cost burden on borrowers.
Processing Fee: A one-time processing fee of 1% of the approved loan amount or S$200, whichever is higher, is charged at disbursement. This fee is deducted upfront from the loan principal.
Annual Fee: There is no annual fee applicable throughout the loan tenure, enhancing long-term cost efficiency for SMEs.
Late Payment Fee: ANEXT Bank does not impose a penalty fee for late repayment, which is rare among business lenders. However, interest on overdue amounts may still accrue.
Early Repayment Fee: The loan has no lock-in period, meaning borrowers can repay the loan early without incurring any prepayment or early settlement fees. This provides greater financial flexibility for businesses with improving cash flow or access to alternative capital.
Miscellaneous Charges: As of the latest policy, no additional administrative or maintenance fees are charged beyond the processing fee. However, businesses are encouraged to review the terms during application to stay updated on any policy changes.
This fee-light structure makes ANEXT Bank’s Business Term Loan highly accessible and cost-effective, especially for SMEs, startups, and early-stage businesses seeking affordable financing without long-term commitments or punitive penalties.
| 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
ANEXT Bank’s business term loan is purpose-built for small and medium enterprises (SMEs) across all business stages, including startups and early-stage companies. Its low barrier to entry makes it one of the most inclusive business financing options available in Singapore.
General Eligibility Criteria:
Business Entity Type: Must be a Singapore-registered company, including Private Limited (Pte Ltd) and Sole Proprietorships.
Business Incorporation Age: No minimum incorporation period required — businesses newly registered (0 years) are eligible.
Minimum Turnover: No minimum annual revenue or turnover requirement, making it suitable for newly launched ventures.
Ownership: The company should be majority-owned (≥50%) by Singaporeans or Singapore Permanent Residents.
Additional Requirements:
Business Bank Account: Applicants must have an active corporate bank account for fund disbursement and repayments.
Credit Assessment: While there are no strict financial thresholds, creditworthiness and financial health will still be assessed using both traditional and alternative data points, including transactional history, cash flow patterns, and digital business footprints.
This accessibility-centric eligibility policy reflects ANEXT Bank’s commitment to financial inclusion, especially for underserved segments like micro-enterprises, freelancers, and founders in the early growth phase.
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.
No minimum turnover or incorporation age required — suitable for startups and new businesses.
Borrowers can repay the loan early without penalty, allowing full control over cash flow and debt strategy.
Fixed annual interest rates from 7% to 10%, with clearly defined monthly installments and total repayment amount.
Loan amounts up to S$500,000, providing sufficient capital for growth, working capital, or asset investment.
A S$100,000 loan over 5 years at 7% results in monthly repayments of S$2,066.14, which may strain cash flow for micro-enterprises.
Unlike some competitors, there is no apparent reward (e.g., lower rates) for high-credit or low-risk borrowers.
