Working Capital Loan

Capital Ventures

One of the hardest parts of running a business is funding it. To help cover everyday expenses, companies can consider taking up a working capital loan.These are either government-assisted or in-housed bank loans.

How it works:

    1. You receive a lump-sum cash upfront, payable over 3 to 5 years, depending on the loan agreement
    2. Every month, you pay your loan installment via GIRO or fund transfer

Example:

Based on a loan of $100,000, your monthly commitment can be as low as $1933, payable over 5 years. Click here to see a detailed loan schedule.

Key Benefits

Maximum Loan Quantum and Repayment Period

Government assisted loan has a maximum limit of S$500,000 from 1 October 2022 – 31 March 2023.

You can consider taking an in-house bank loan should you require a loan more than this amount.

Loan can be stretched to a maximum of 5 years.

Bank usually assess how much bank can loan based on the monthly installment.

Hence, a longer loan tenure usually qualifies the borrower a larger loan amount.

Low Interest Rate

As low as 4% p.a

No Early Redemption Fees

Borrowers of government-assisted loans enjoy the flexibility to early redeem their loans with no penalty fees.

Interests will be prorated.

Greater savings!

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