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Apply NowMaybank’s business term loan offers an accessible and competitive financing solution tailored to the needs of businesses in Singapore. With loan amounts ranging up to S$500,000 and interest rates starting from 7%, this loan provides businesses with the flexibility and resources required for growth or operational expansion. The loan is available for a maximum tenure of 3 years, allowing borrowers to choose a repayment plan that suits their financial situation.
This loan product is ideal for businesses with a minimum annual turnover of S$300,000 and at least 2 years of incorporation. With no minimum requirements on the borrower’s credit score or collateral, Maybank ensures that the loan is accessible to a wide range of businesses. The total amount payable for a S$100,000 loan over a 3-year period, at an interest rate of 7%, amounts to S$118,807.19, which includes both the principal and interest.
The processing fee for the business term loan is reasonable, ranging between 1% and 2%, with no annual fee. However, there is a lock-in period of 4 years and any early repayment within this period will incur a penalty fee of 2%. The monthly instalment for a S$100,000 loan with a 3-year tenure is approximately S$1,980.12.
Maybank’s business term loan is a solid option for businesses looking for flexible repayment options, competitive interest rates and quick access to the capital they need for expansion or other business requirements. The absence of a minimum requirement makes it an attractive choice for businesses with diverse needs.
When considering the Maybank business term loan, several key factors stand out to help businesses make an informed decision:
Interest Rates and Repayment
The loan offers competitive interest rates ranging from 7% to 10%, providing flexibility based on the borrower’s financial profile. The interest rate is applied annually and businesses can expect manageable monthly instalments. For example, a S$100,000 loan with a 7% interest rate over 3 years results in a monthly repayment of approximately S$1,980.12.
Loan Amount and Tenure
Businesses can access loan amounts up to S$500,000, making it suitable for small to medium-sized businesses with growth ambitions. The maximum loan tenure is 3 years, offering businesses the option to choose a repayment term that aligns with their cash flow and financial planning.
Minimum Requirements
One of the standout features of the Maybank Business Term Loan is the lack of strict minimum requirements. There are no minimum credit score or collateral conditions, making it an inclusive option for a wide range of businesses. However, businesses must meet a minimum annual turnover of S$300,000 and be incorporated for at least 2 years.
Lock-in Period and Penalties
There is a lock-in period of 4 years for the loan, meaning any early repayments within this time will incur a 2% penalty fee. Businesses should take this into consideration when planning their repayment strategy.
Flexibility and Access
The loan provides businesses with the financial flexibility needed to cover a variety of needs, including operational expenses, expansion or equipment purchases. The quick access to funds combined with flexible terms makes it an attractive option for businesses looking for fast and reliable financial support.
The Maybank Business Term Loan comes with several fees that businesses should be aware of when considering their financing options. These fees are structured to ensure that the loan is affordable, with no hidden charges:
| 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
To qualify for the Maybank business term loan, businesses must meet specific criteria outlined by the bank. These requirements are designed to ensure that the loan is provided to businesses with stable financial backgrounds and the ability to repay the loan. The following eligibility conditions apply:
To apply for the Maybank Business Term Loan, visit the ROSHI platform and navigate to the Maybank loan listing. The platform provides an easy-to-use interface for submitting your loan application. Once you’re on the ROSHI page, you will be directed to Maybank’s official digital application portal.
To complete the loan application, businesses will need to submit certain documentation that supports their financial standing and eligibility. Key documents required include:
– Company Registration Information: A copy of the business’s registration with the relevant authorities.
– Financial Statements: The most recent financial statements to demonstrate the business’s profitability and financial health.
– Tax Documentation: Depending on the loan amount, businesses may need to provide income tax notices of assessment (NOA) to show revenue and profits.
– Proof of Turnover: Documentation proving the business’s minimum annual turnover of S$300,000.
– Directors’ Identification: For business owners and authorized representatives, proof of identity will be needed to verify eligibility.
Maybank utilizes digital platforms such as SingPass MyInfo for quick verification of business details and financial data, streamlining the application process and reducing processing time.
Once all necessary documents are submitted, Maybank will assess the application based on the provided financial information. The bank typically processes applications within a short time frame and applicants will be notified of the loan approval status. Depending on the complexity of the application, businesses can expect approval in a few business days.
Once approved, the loan amount will be disbursed to the business’s designated account. Businesses can typically expect to receive the funds within 3 to 5 business days, depending on the processing time. The loan disbursement may also be completed faster if the application is processed without issues or delays.
After approval, businesses are required to sign the loan agreement, which outlines the terms and conditions of the loan, including repayment schedule, interest rates and fees. The loan agreement must be signed digitally or in person depending on the application process.
Interest rates ranging from 7% to 10%, providing a flexible and affordable financing option for businesses.
Unlike many traditional business loans, Maybank does not require collateral or impose a minimum credit score, making it accessible to a wider range of businesses.
The loan disbursement process is quick, with funds typically being transferred within 3 to 5 business days after approval.
Businesses can opt for a loan tenure of up to 3 years, providing flexibility in structuring repayment schedules according to cash flow.
The loan comes with a 4-year lock-in period, during which early repayment will incur a 2% penalty fee. Businesses should factor in this penalty if they plan to repay the loan early.
A 1% to 2% processing fee is applicable, which is a standard fee for business loans, but it still adds to the overall cost of borrowing.
