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Terms & ConditionsAnnual Interest Rate
Max Loan Amount
Processing Fee
Monthly Repayment
Apply NowStandard Chartered Bank (SCB) is one of Singapore’s most reputable and long-standing financial institutions, known for its strong global presence and extensive suite of business banking solutions. Backed by a solid foundation and trusted by enterprises of all sizes, SCB continues to support local businesses with flexible and competitive financing options.
The business instalment loan (BIL) by Standard Chartered is tailored for SMEs seeking unsecured working capital with predictable monthly repayments. Businesses can borrow up to S$300,000 with repayment periods of 1 to 5 years, making it a practical solution for managing cash flow, funding expansion or covering operational expenses. The loan currently offers an effective interest rate (EIR) from 9% per annum, with no collateral required.
Standard Chartered applies a customized interest model, so actual rates and loan terms may differ based on your company’s credit profile, financial performance and repayment ability. The straightforward application process and reputable banking support make this a trusted option for growing SMEs.
Interest Rates
Interest rates for SCB’s business instalment loan start from 9.5% EIR, though final rates are based on the company’s financial strength and repayment history. As an established bank, SCB provides reliable terms and stable repayment conditions.
Loan Amount
Loan amounts go up to S$300,000, allowing SMEs to fund operations, expand or manage working capital without needing to secure assets. SCB’s banking credibility adds an additional layer of trust to the loan process.
Repayment Terms
Repayment terms vary between 1 to 5 years, offering the flexibility to choose short or extended plans based on cash flow. Longer terms ease monthly burden but may increase total interest over time.
In conclusion, Standard Chartered’s BIL is ideal for SMEs looking for a reputable banking partner and structured instalment plans. It provides a balance of reliability, flexibility and loan support for businesses aiming to grow sustainably.
Processing Fee
Standard Chartered’s business instalment loan typically comes with a processing fee of 1% to 3%, depending on the loan size and the business’s credit profile. The fee is deducted from the loan amount at disbursement and includes administrative and underwriting charges. For instance, a S$150,000 loan could incur fees of up to S$4,500. Although SCB is a traditional bank, they may offer preferential rates to longstanding clients or those with strong financials.
| 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
Standard Chartered’s Business Instalment Loan is designed for established SMEs with healthy finances and majority local ownership. The product targets companies that already possess a proven operational background and are ready to scale further.
Apply via SCB’s website or through a relationship manager.
Provide ACRA business profile, NRICs, financial statements and past 6 months of bank statements.
SCB reviews your company’s credit standing, revenue and operational history.
Get notified of your application status within 5–10 working days.
Accept the offer, sign documents (can be in-person or online) and receive loan disbursement shortly after.
Offered by an established and reputable international bank.
Borrow up to S$500,000 with flexible usage.
Choose terms up to 5 years to manage cash flow better.
Only a personal guarantee is needed.
Business must have at least 3 years of operating history.
Processing fee ranges from 1% to 3%, depending on profile.
