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Terms & ConditionsAnnual Interest Rate
Max Loan Amount
Processing Fee
Monthly Repayment
Apply NowFunding Societies is Southeast Asia’s largest digital financing platform for SMEs, operating under the regulation of the Monetary Authority of Singapore (MAS) and backed by major institutional investors. Since its launch in 2015, the platform has helped bridge financing gaps for small businesses through fast, accessible and fully digital loan solutions.
The business term loan pro is designed for SMEs seeking medium-term, unsecured funding to support business expansion, inventory purchases or operational needs. Businesses can borrow between S$100,000 to S$300,000, with flexible tenures ranging from 12 to 36 months. The loan offers a competitive starting interest rate of 9.6% per annum, with minimal documentation required and approval timelines as fast as five working days. Like most digital lenders, Funding Societies applies a customized risk-based pricing model, meaning the final interest rate and terms may vary depending on the borrower’s financial profile.
Interest Rates
Interest rates for the business term loan pro start from 9.6% per annum, with rates dynamically set based on the borrower’s risk profile. The use of digital credit assessment makes interest offers fast and tailored.
Loan Amount
Loan amounts range between S$100,000 and S$300,000, which is ideal for small and mid-sized businesses needing a capital boost. The application process is fully digital, with minimal paperwork and fast approval timelines.
Repayment Terms
Repayment terms are offered from 12 to 36 months, ensuring predictable monthly payments. The fixed tenure structure is suitable for businesses that want clarity in cash flow planning.
In conclusion, the business term loan pro by Funding Societies is a practical option for SMEs seeking digital-first, unsecured financing. Its fast application process and transparent pricing model make it appealing to modern businesses that prioritize convenience and speed.
Processing Fee
Funding Societies charges a processing fee of 7%, which is significantly higher than traditional lenders. This fee is deducted from the total approved amount before disbursement. For a S$100,000 loan, you would receive S$93,000 after fees. While the rate is on the higher end, the platform offers faster processing and fewer document requirements, making it worthwhile for time-sensitive funding needs.
Businesses with stronger credit may be able to negotiate a slightly lower fee.
| Lender | Annual Interest Rate | Processing Fee | Annual Fee | Monthly Repayment |
|---|---|---|---|---|
| Anext | 7%-10% | 1% or S$200 | No | $2,970.18 |
| DBS | 7% | 1% | No | $2,970.18 |
| Maybank | 7%-10% | 1-2% | No | $2,970.18 |
| OCBC | 7% | 1-2% | No | $2,970.18 |
| Orix | 8.5 % | 1-2% | No | $3,077.48 |
| Ethoz | 7-10% | 1.25% | One time off $1,500 Commitement Fee | $2,970.18 |
| Funding Societies | 9.6 % | 4% | No | $3,157.61 |
| SCB | 9.00 % | 1-3% | $288 | $3,113.75 |
* Rates Updated 12 Jan 2026 - Loan Amount Example S$150,000 In 5 Years
The Funding Societies business term loan pro is tailored for incorporated SMEs with solid financials and modest credit history, offering simplified documentation and quicker access.
Start your application fully online at the Funding Societies platform.
Upload four essential files: NRIC of the company directors, ACRA BizFile record, six months of recent bank statements and either a financial report or a tax filing document. These materials are used to verify business identity and financial stability.
The platform runs an algorithmic credit check and risk scoring.
Eligible applicants receive loan offers within 24–72 hours.
Sign the contract digitally and receive funds in as fast as 5 working days.
100% online with only 4 required documents.
Funds can be disbursed within 5 working days.
Tailored for businesses with at least 1 year of operating history.
Loan is unsecured and based on business profile.
7% fee deducted from loan amount upfront.
Only Pte Ltd and LLP companies are eligible.
