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Terms & ConditionsAnnual Interest Rate
Max Loan Amount
Processing Fee
Monthly Repayment
Apply NowOCBC offers a reliable business term loan for small and medium-sized enterprises (SMEs) in Singapore. With a competitive interest rate of 7.5% per annum and flexible loan options, this financing solution is ideal for businesses seeking to expand or manage working capital. The loan amount can go up to S$500,000, catering to a wide range of business needs.
The business term loan is designed with attractive repayment terms, offering a maximum loan tenure of 5 years, allowing businesses to manage their cash flow efficiently. The monthly installment for a S$100,000 loan over 5 years is approximately S$2,003.79, with a total payable amount of S$120,227.69, including interest.
One key feature of this loan is the processing fee, which ranges from 1% to 2%, depending on the specifics of the loan. There is no annual fee associated with this loan, providing additional value for businesses looking for straightforward and cost-effective financing. However, a lock-in period does apply, which is an important consideration for borrowers.
It’s also worth noting that the loan requires a minimum annual turnover of S$250,000 and a minimum of 2 years of incorporation, which ensures that it is available to businesses with a stable operational history.
In summary, OCBC’s business term loan offers a well-rounded and competitive financing option for businesses looking to fund their growth and operational needs, with clear and manageable terms.
When considering OCBC’s business term loan, several key factors should be taken into account to ensure it aligns with your business’s needs:
Interest Rates
The loan offers a competitive annual interest rate of 7.5%, which remains fixed throughout the loan tenure. This rate provides businesses with predictable repayment schedules.
Loan Amount
Businesses can access loan amounts ranging from S$1,000 to S$500,000. This flexibility allows companies of varying sizes to secure the necessary capital for growth, with the upper limit catering to larger businesses with more extensive funding needs.
Repayment Terms
The maximum loan tenure is 5 years, offering sufficient time for businesses to manage their cash flow effectively. Monthly installments are manageable, with a monthly payment of approximately S$2,003.79 for a loan of S$100,000 over 5 years.
Processing Fees
The loan comes with a processing fee ranging from 1% to 2% of the approved loan amount. This fee ensures that the application and approval process is streamlined, though it is important for businesses to factor this into their total loan cost.
Lock-In Period
A lock-in period applies, meaning that businesses are committed to the loan for a specified initial duration. This condition may affect your decision if flexibility in repayment is a priority for your business.
| 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 13 Jan 2026 - Loan Amount Example S$150,000 In 5 Years
To qualify for OCBC’s business term loan, businesses must meet certain criteria designed to ensure the loan is accessible to those with a stable financial foundation:
To begin the application process, visit the ROSHI marketplace and follow the link to the OCBC business term loanpage. Through this platform, you can access all the necessary details and apply directly to the bank.
OCBC requires several documents to assess your business’s financial health and eligibility for the loan. These documents may include:
– Business Registration Details: Proof of the business’s registration and legal standing.
– Financial Statements: The latest audited financial statements or management accounts to verify the financial stability of the business.
– Tax Documents: The most recent income tax notice of assessment (NOA) or other relevant tax records to help OCBC assess the business’s earnings.
– Bank Statements: Recent business bank statements to show cash flow and financial activity.
For faster processing, you can upload documents via the SingPass MyInfo platform, which helps streamline the verification of your business’s details.
Once you’ve submitted your application and required documents, OCBC will assess the loan request. The approval process is typically fast and businesses can expect to receive a decision on their application shortly after submission. The bank may request additional information or clarification depending on the loan amount and your business’s specifics.
After your loan is approved, the funds will be disbursed to your business account. The loan amount will be transferred quickly, typically within a few business days, depending on the specifics of the loan agreement. Be sure to review the loan terms and repayment schedules to ensure that your business can meet the repayment commitments.
Once approved, the business will be required to sign a loan agreement outlining the terms and conditions, including repayment schedules, interest rates and fees. Ensure that all aspects of the agreement are understood before signing.
The loan offers a fixed annual interest rate of 7.5%, providing businesses with predictable repayment amounts over the loan term.
The loan application process is relatively swift, with businesses typically receiving approval and loan disbursement within a short timeframe after application.
Businesses can access up to S$500,000, which caters to both small and medium-sized enterprises, allowing them to scale their operations or manage cash flow.
The loan offers a maximum tenure of 5 years, providing ample time for businesses to manage their cash flow and make affordable monthly payments (e.g., S$2,003.79 per month for a S$100,000 loan).
A 6.88% penalty fee is applied for late payments, which could significantly increase the cost of borrowing if repayments are not made on time.
The loan requires a minimum annual turnover of S$250,000 and at least 2 years of incorporation, meaning it may not be accessible to newer or smaller businesses.
