Business Term Loan

Discover the simplicity of our collateral-free loans.

A business term loan, a widely utilized financing option, provides businesses with the flexibility to secure funding without the requirement of collateral. Whether your business needs working capital or aims to invest in new equipment, these loans offer a versatile solution to meet a range of financial requirements. Enjoy the convenience of obtaining financing without the burden of collateral, making it an ideal choice for businesses seeking straightforward and accessible financial support.

Interest Rate:
As low as 7.25% p.a.

Subject to credit assessment

3 months - 5 years

Subject to credit assessment

Loan Amount:
S$5,000 - S$1 mil

Subject to credit assessment

How does a business term loan work?

As the name suggests, a business term loan is a lump sum loan that is provided at the start and repaid over a pre-determined period of time (3 months – 5 years) with a fixed monthly instalment.

Multi-functional usage

The benefit of a business term loan is its flexibility of usage. This includes:

  • Purchasing of inventory
  • Hiring of new staff / payroll
  • Refurbishments
  • Rental downpayment
  • Purchasing of equipment

Interest Rates

Depending on your credit quality, your interest rate might differ. For most banks, interest rates fall between 5.5% to 11% p.a, while alternative lenders start at 1-3% per month. Do note that loans typically come with a processing fee of about 1-5%.

Business Term Loan Banks Alternative Lenders
Interest Rate (EIR)
5.5 - 12% p.a.
0.85% - 3% per month
Processing Fee
1 - 3%
3 - 7%

Questions lingering?
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