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Apply NowOCBC offers a robust and flexible working capital loan tailored to meet the financial needs of businesses in Singapore. This loan product is designed for companies seeking working capital to fund daily operations, expansion or unforeseen expenses. With competitive terms, OCBC provides businesses with a loan amount of up to S$500,000, making it an attractive choice for enterprises of all sizes.
The annual interest rate for this loan is 6.5%, a reasonable rate compared to many other business financing options. Additionally, the loan comes with a processing fee ranging from 1% to 2%, offering transparency in costs upfront. Importantly, OCBC does not impose any annual fee, making it more cost-effective for businesses seeking quick and efficient funding.
One key advantage is the no minimum requirement for loan eligibility, which allows both new and established businesses to access financing. This product also offers a maximum loan tenure of 5 years, giving borrowers ample time to repay based on their financial capabilities. Furthermore, the loan has no penalty fees, allowing for greater flexibility for businesses facing cash flow fluctuations.
OCBC’s working capital loan is available to companies with a minimum annual turnover of S$150,000 and no minimum number of years in operation, making it accessible to a wide range of businesses, including startups.
Key Factors
Loan Amount and Repayment Flexibility
This loan allows businesses to access a maximum loan amount of S$500,000, providing flexibility for small to medium enterprises (SMEs) or even larger corporations. The loan offers repayment terms of up to 5 years, allowing businesses to adjust the tenure according to their cash flow and repayment capacity. Longer tenures provide lower monthly payments, but may also result in higher overall interest charges.
No Minimum Requirements
One of the key benefits of this loan is the lack of minimum requirements for applicants. Unlike other loans that may require a business to be operating for a certain number of years or meet specific income criteria, OCBC’s working capital loan has no minimum years of incorporation. This makes it an excellent option for startups or businesses looking to access working capital early on.
Penalty Fees and Lock-In Period
The loan comes with no penalty fees for early repayments, which allows businesses to settle their loan ahead of schedule without additional costs. However, there is a 5-year lock-in period for the loan, which means businesses must commit to the loan for at least 5 years before considering early repayment.
Eligibility Requirements
To qualify for the OCBC working capital loan, businesses must have a minimum annual turnover of S$150,000. This ensures that only businesses with a steady revenue stream are eligible for the loan, though there are no additional requirements based on years of incorporation or credit score. This accessibility makes the loan an attractive option for a wide range of businesses, including new and established firms.
In conclusion, the OCBC working capital loan offers competitive interest rates, flexible loan amounts and favorable terms without hidden fees or penalties. The product is designed to meet the unique needs of businesses, providing them with an accessible and cost-effective solution for managing working capital.
OCBC Fees
| 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
– A business registration certificate or other relevant incorporation documents
– Financial statements showing the company’s financial health and annual turnover
– Tax returns or Income Statements for the business to verify the turnover requirement
OCBC may also require additional documents depending on the specifics of the loan and the business’s profile.
To begin the application process for the OCBC working capital loan, businesses can easily apply through the ROSHI marketplace. Simply visit the platform and follow the link to OCBC’s official application page, where you can access all necessary details and start your application.
The OCBC working capital loan application process requires you to submit certain documents for verification. With SingPass MyInfo, OCBC can quickly access your verified business information, including financial details, to streamline the approval process. This significantly reduces the time spent on document submission and verification, making the process more efficient.
Required documents include:
– Business registration certificate or other incorporation details
– Recent financial statements that demonstrate your business’s turnover
– Tax returns or Notice of Assessment (NOA) if applying for higher loan amounts
– Personal identification documents for the authorized business signatories, such as NRICs or passports
These documents help OCBC assess your business’s financial standing and eligibility for the loan.
Once your application and documents are submitted, OCBC typically processes the application quickly. Approval can happen within a few business hours if all documents are in order. After approval, the loan amount will be disbursed to your business account within a short time, usually within 15 minutes on business days.
Upon approval, you will receive a confirmation page outlining the loan amount, repayment schedule and terms. You will need to sign the loan agreement electronically. Once completed, the funds will be transferred and you will officially have access to the financing.
Fast approval process with minimal documentation requirements, allowing businesses to access funds quickly when needed. Loan approval typically happens within a few business hours, making it a convenient option for businesses with urgent financing needs.
The maximum loan amount is S$500,000, catering to a wide range of businesses from small startups to larger corporations. This flexibility ensures that businesses can access the financing they need based on their specific requirements.
With an annual interest rate of 6.5%, the OCBC working capital loan offers a competitive rate that is relatively affordable for businesses. The fixed rate makes it easier for businesses to plan and budget their repayments without the concern of fluctuating interest rates.
There are no minimum years of incorporation required, making the loan accessible to startups and newly established businesses. This inclusivity gives new businesses an opportunity to secure financing right from their inception, as long as they meet the minimum annual turnover requirement.
5-year lock-in period for the loan, meaning businesses are committed to the loan terms for at least five years. While this provides stability, it may limit flexibility for those who want to change their loan terms or pay it off early before the lock-in period expires.
Processing fee ranging from 1% to 2% of the loan amount, which adds to the upfront cost of borrowing. While the fee is relatively reasonable, businesses should still factor this cost into their loan planning.
