Updated July 14, 2025
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Terms & Conditions
Annual Interest Rate
Max Loan Amount
Processing Fee
Maybank, a leading Southeast Asian banking group with a strong footprint across Singapore and the region, offers the working capital loan tailored for SMEs seeking financial agility. This loan solution is part of Maybank’s broader commitment to supporting business sustainability, particularly for companies navigating operational cash flow needs and growth cycles.
With an annual interest rate of 7.88% and no annual or penalty fees, the Maybank working capital loan stands out for its transparent cost structure. The loan is designed for businesses with at least S$500,000 in annual turnover and a minimum incorporation period of 2 years, making it accessible to a wide range of stable SMEs across industries.
Borrowers benefit from a flexible tenure of up to 5 years, and can apply for loan amounts up to S$500,000, offering a reliable buffer for cash flow management, vendor payments, inventory purchases, or business expansion.
Maybank’s product positions itself as a risk-mitigated financing option with no lock-in period, giving entrepreneurs the freedom to repay without being tied down. This flexibility, paired with a competitive interest rate and minimal processing fee (1–2%), makes it an attractive working capital solution for growth-focused businesses in Singapore.
Competitive Interest Rate
With a fixed annual interest rate of 7.88%, Maybank offers SMEs a straightforward financing option without hidden costs. The rate is suitable for businesses looking for predictable repayment obligations while managing day-to-day operations.
High Loan Cap for Expansion Needs
The loan supports funding needs of up to S$500,000, allowing eligible businesses to invest in working capital, inventory, payroll, or short-term growth strategies without seeking multiple lenders.
Flexible Repayment Period
Maybank allows a maximum tenure of up to 5 years, giving SMEs the ability to choose a repayment schedule that aligns with their revenue cycles and avoids monthly cash flow strain.
Low Barrier to Entry for Established SMEs
The loan requires no minimum income for application but sets reasonable business thresholds: a minimum turnover of S$500,000 and at least 2 years of incorporation, ensuring the product is accessible yet tailored for credible, growth-ready businesses.
Processing Fee
A one-time processing fee of 1% to 2% of the approved loan amount is applied at the start. This fee is deducted upfront and covers administrative and processing costs.
Annual Fee
There is no annual fee associated with the Maybank working capital loan. Borrowers do not need to worry about recurring charges beyond the initial processing cost.
Penalty Fee
Maybank imposes no penalty fee for early repayment or late installments. This makes the loan particularly attractive for businesses that want repayment flexibility without incurring unexpected fines.
Lock-In Charges
The loan comes with no lock-in period, which means borrowers are free to refinance, restructure, or repay early at any point without being penalized. This enhances financial agility for dynamic business conditions.
| 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
Incorporation Requirement:
The applying company must be incorporated in Singapore for at least 2 years. This ensures stability and a proven track record in operations.
Minimum Annual Turnover:
Businesses must demonstrate a minimum turnover of S$500,000. This requirement targets revenue-generating enterprises with consistent cash flow.
No Industry Restriction:
The loan is available across a broad range of sectors, including retail, manufacturing, logistics, and services, making it suitable for most SMEs.
No Minimum Credit Score or Income Requirement:
There is no strict minimum credit score or income threshold imposed on applicants, though loan approval remains subject to Maybank’s internal credit assessment and risk evaluation.
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.
Fixed annual interest rate of 7.88%, offering clear and predictable borrowing costs for SMEs.
Maybank charges no annual fee and no penalty fee, allowing businesses to save on long-term costs and repay early without consequences.
Loan tenure of up to 5 years lets borrowers align repayments with business cycles and reduce cash flow pressure.
Access up to S$500,000, ideal for operational expansion, inventory needs, or short-term working capital boosts.
Requires a minimum of 2 years of incorporation and S$500,000 turnover, limiting access for startups or micro-enterprises.
A 1–2% processing fee is applied at the beginning, which could impact the effective loan amount received upfront.
