Ethoz Working Capital Loan (January 2026)
(Product review)

Product Review

Ethoz’s working capital loan is designed to support SMEs and startups seeking immediate financial injection to maintain cash flow, invest in operations or fund short-term growth. As a non-bank financial institution with a strong presence in Singapore’s commercial lending space, Ethoz offers flexible business financing with straightforward eligibility and minimal incorporation history requirements

With an annual interest rate of 9.75% and a processing fee of 1.5%, this loan caters to businesses that value quick access to funding without navigating complex documentation or high barriers to entry. The absence of a minimum turnover or years of incorporation requirement makes it an appealing option for new businesses or sole proprietors who may not qualify under traditional bank criteria.

Singapore’s Favourite
Loan Marketplace

Up to 1% Cashback*

$100 Grocery Voucher*

Quick 5 Minutes Approval

How much do you want to borrow?

$50,000

$500,000

Over what period would you like to pay?

1 Month

60 Months

Your monthly payment

337

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Rate Disclaimer*

Based on a $20,000 loan at 6.95% APR over 5 years, total repayable amount is $26,940 with $449 monthly payments. Your personal APR will be provided upon application completion. Loan terms available from 3 to 72 months. Maximum APR 8.88%.

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*Based on a $20,000 loan at 6.95% APR over 5 years, read more total repayable amount is $26,940 with $449 monthly payments. Your personal APR will be provided upon application completion. Loan terms available from 3 to 72 months. Maximum APR 8.88%. show less

Businesses can borrow up to S$300,000 with a maximum tenure of 5 years, providing ample flexibility to manage repayments over time. However, the loan includes a lock-in period and a penalty fee for early termination, so companies must assess repayment timelines carefully before committing.

Overall, Ethoz’s working capital loan is suitable for fast-moving enterprises looking for an accessible, moderate-scale financing option, especially those that might not meet standard bank thresholds but still need reliable funding.

Flexible Borrowing Limit
Ethoz offers loan amounts of up to S$300,000, giving businesses the flexibility to scale their borrowing based on operational needs whether it’s to cover inventory costs, payroll or expand short-term capabilities.

No Minimum Turnover or Incorporation History
Unlike many traditional lenders, Ethoz does not require a minimum turnover or years of incorporation, making this loan accessible to newly established companies, startups and sole proprietors without long credit histories.

Competitive Tenure Options
With a maximum tenure of 5 years, businesses can spread out repayments to ease cash flow pressures. This structure enables better financial planning while managing interest obligations over time.

Locked-In Commitment
Borrowers should be aware that the loan comes with a lock-in period, which restricts early settlement without incurring penalty fees. This may impact businesses that foresee early cash inflows and wish to close their debt sooner.

Fixed Annual Interest Rate
The loan features a fixed annual interest rate of 9.75%, allowing businesses to predict repayment amounts without worrying about market fluctuations. While higher than bank loans, this rate is balanced by lower entry barriers and easier qualification.

• Processing Fee
  A processing fee of 1.5% is applied to the approved loan amount. This is a one-time charge deducted upfront and should be considered in the total cost of borrowing. For example, a S$100,000 loan would incur a S$1,500 processing fee.
• No Annual Fee
  Borrowers benefit from no recurring annual fees, helping businesses manage predictable loan-related costs without worrying about hidden yearly charges or renewals.
• Penalty Fee – Early Repayment Charges
  While early repayment is allowed, the loan includes a penalty fee if repaid before the lock-in period ends. The exact penalty is subject to the lender’s terms and should be clarified during the agreement stage.
• Lock-In Enforcement Costs
  Due to the presence of a lock-in period, borrowers should be cautious about restructuring or terminating the loan early, as this can trigger additional fees or contractual penalties beyond the basic interest and processing charges.

Eligibility for Ethoz Working Capital Loan

• No Minimum Turnover Required
  Businesses with limited or no revenue history are still eligible to apply. This feature is especially beneficial for startups or seasonal operations that may not yet meet the turnover thresholds of traditional financial institutions.
• No Minimum Years of Incorporation
  There is no incorporation age requirement, allowing newly registered companies and young enterprises to access funding without being penalized for lack of operational history.
• Open to All Business Types
  Whether you operate as a sole proprietor, partnership or private limited company, Ethoz considers applications across all registered business structures, provided they are legally registered in Singapore.
• Operational Status Verification
  While the loan has no hard financial thresholds, the business must still demonstrate active operations, valid ACRA registration and identifiable business owners/directors. These details may be verified through government-linked platforms or submitted documents.