Updated July 14, 2025
Fact-Checked
We put every effort into ensuring information on ROSHI is accurate and up to date. Double-check all details before applying or buying.
Disclaimer
Terms & Conditions
Annual Interest Rate
Max Loan Amount
Processing Fee
Funding Societies is a leading digital financing platform in Southeast Asia, offering accessible funding solutions tailored for small and medium enterprises (SMEs) in Singapore. Their working capital loan is a short-term financing option designed to support business cash flow, cover operational expenses, or fund growth initiatives without the burden of rigid collateral requirements.
With a fixed annual interest rate of 12% and a processing fee of 7%, the loan caters to businesses seeking quick access to capital with minimal red tape. Notably, Funding Societies imposes no minimum operational years requirement, making it ideal for startups and younger businesses that may not qualify for traditional bank loans.
The loan offers flexibility with a maximum loan amount of S$150,000 and a tenure of up to 1 year. There are no annual fees, lock-in periods, or penalty charges, making it a transparent and predictable financing option for SMEs. Whether you’re managing seasonal fluctuations or accelerating growth, this loan is structured to meet the dynamic needs of modern businesses.
Fixed Interest Rate at 12% p.a.
The Funding Societies working capital loan offers a flat annual interest rate of 12%, allowing businesses to plan repayment costs with full transparency. This predictable structure is ideal for managing short-term financing without unexpected cost hikes.
Short-Term Flexibility
With a maximum tenure of just 1 year, the loan is structured for fast repayment cycles. This makes it a strong fit for SMEs seeking quick working capital boosts without being tied to long-term debt commitments.
Generous Loan Cap
Eligible businesses can borrow up to S$150,000, a substantial amount for handling cash flow gaps, supplier payments, or inventory expansion. This upper limit provides room to act decisively on growth opportunities.
Low Entry Barriers
There are no minimum operational years required, making the product accessible to newly incorporated businesses. This is a rare advantage in Singapore’s financing landscape, where most lenders require at least 1–2 years of incorporation history.
Processing Fee – 7%
A one-time processing fee of 7% is charged on the approved loan amount. This fee is deducted upfront from the disbursed sum, meaning if you borrow S$100,000, you’ll receive S$93,000 after the deduction. The rate is fixed and non-negotiable, making it essential to factor into your cost planning.
Annual Fee
Unlike traditional SME loans that may include recurring annual charges, Funding Societies imposes no annual fee. This eliminates long-term cost burdens and keeps the loan structure straightforward for short-term capital needs.
Penalty Fee
There are no penalty charges for early repayment or late repayment under this scheme. The absence of penalty fees allows businesses to repay early without incurring additional costs, offering more control over cash flow.
Other Hidden Charges
The loan maintains a transparent fee structure. There are no additional hidden costs such as disbursement charges or lock-in penalties, which helps SMEs avoid unexpected financial strain during the repayment period.
| Lender | Annual Interest Rate | Processing Fee | Annual Fee | Monthly Repayment |
|---|---|---|---|---|
| Anext | 7% | 1% or S$200 whichever is higher | $0 | $2,970.18 |
| DBS | 6% | 1% | no | $2,899.92 |
| Maybank | 7% | 1-2% | $2,970.18 | |
| OCBC | 7.5 % | 1-2% | no | $3,005.69 |
| Orix | 8.5 % | 1-2% | no | $3,077.48 |
| Ethoz | 9 % | 1.25% | One time off $1,500 Commitement Fee | $3,113.75 |
| Funding Societies | 9.6 % | 7% | $3,157.61 | |
| SCB | 10.88 % | 1-3% | $288 | $3,252.39 |
* Rates Updated 14 Jul 2025 - Loan Amount Example S$150,000 In 5 Years
Registered in Singapore
The company must be a Singapore-registered entity with a valid UEN.
Minimum Turnover
A minimum annual turnover of S$500,000 is required to ensure the business has adequate revenue to support loan repayments.
Operational History
There is no minimum incorporation period required, making the loan accessible to newly established businesses, including startups.
Director Requirements
At least one guarantor or director must be a Singapore Citizen or Permanent Resident with a local residential address.
Start your loan application journey with our quick online application multistep form—it takes just 30 seconds to complete. Our advanced technology and expert loan specialists work together to match you with suitable options on our platform
Our team will reach out requesting the following necessary documents: company registration information, bank statements, financial reports and your IC/FIN details.
Our dedicated customer success team will carefully examine your application, contacting you if any additional information is required. Once we’ve verified your details, we’ll begin the process of matching you with appropriate lenders and loan options.
Compare loan offers in real-time through your application dashboard. Our customer success team is available to discuss loan details.
Once you’ve agreed on the loan terms and signed the contract, you’ll receive a copy of the agreement. This document will outline your monthly payment schedule. Your funds will then be disbursed either in cash or via bank transfer.
Pre-approval typically within 1–2 working days and loan disbursement in as little as 24 hours, making it ideal for urgent financing needs.
Startups and newly incorporated businesses can apply, a major advantage over traditional bank loans that usually require 1–2 years of operational history.
Borrowers have the freedom to repay early without any penalties or lock-in period restrictions.
Simple fee breakdown: 12% interest and 7% processing fee, with no annual fees or hidden charges.
Loan tenure capped at 1 year, which may not suit businesses needing longer-term financing.
A 7% processing fee is relatively steep compared to traditional banks or government-backed loan schemes.
