CIMB Temporary Bridging Loan
CIMB’s Temporary Bridging Loan is an initiative between the Singapore Government and CIMB to help SME’s and Businesses in Singapore. This product is for businesses that have been registered in Singapore and are operating with at least 30% Singaporean or Permanent Resident shareholding.
The Temporary Bridging Loan can stretch up to 5 years. The interest rate is largely similar to the Working Capital Loan at 3%
|CIMB Working Capital Loans|
|Principle Sum||Effective Interest||Loan Tenure (Years)||Monthly Installment|
|No Early Repayment Penalty|
*IMPORTANT NOTE* - The above amounts are obtained from a loan amortization calculation by Equity Capital Solution. The figures above are subject to change and might not be identical with the actual offer by CIMB.
The application process is quick and easy, documentation required includes 6 months bank statements and financials of the company as well as identification copies of the guarantors.
The loan can also be paid off at any time and the interest recalculated to the day of payment. This means that business owners who are looking for financing for projects can pay off the loan when the project has been completed.
About CIMB in Singapore
CIMB Group Holdings Berhad is a Malaysian bank with headquarters in Kuala Lumpur. CIMB has a retail branch network with over 1080 branches across the region.
CIMB employs over 40,000 people located in 18 countries who cover the ASEAN region and other major global financial centres. A full service bank, it has activities in consumer banking, wholesale banking and other banking areas and its core markets include Malaysia, Indonesia, Singapore and Thailand.
CIMB has a dual banking model and operates Islamic banking through CIMB Islamic.
CIMB group’s presence is also complemented by partnerships including Dawewoo securities and others.
50 Raffles Place #01-02. Singapore Land Tower Singapore 048623
Equity is a online business financing resource in Singapore. We provide free and easily accessible information on business loans in Singapore. We have extensive experience structuring both bespoke and turnkey financing solutions for both Singapore and companies overseas. Let us find you a financing solution quickly, easily and at a low cost.
What is the Criteria to obtain temporary bridging loan in Singapore?
Working Capital Loans can be tricky, often than not, the business owner is an expert in all things related to his business. However, when it comes to financing, SME’s are unfamiliar navigating the different criteria and other requirements that the banks require.
Equity Capital Solutions Can help cut through the red tape quickly and easily . With our experienced loan specialists , the application is quick and simple and we do all the work between you and the banks. Upon an enquiry, we usually respond within 3-4 hours, so you can obtain financing quickly and easily.
The Advantage of using Equity Capital Services
Equity Capital Solutions Can help apply for a business loan for you with all banks in Singapore. With our qualified specialists, the application is quick and simple and we do all the work between you and the banks. Upon an enquiry, we usually respond within 3-4 hours, so you can obtain financing quickly and easily.
How It Works
- Make a Free Enquiry.
- An Equity financing specialist will reach out to you for some simple details.
- We work together with you for the documentation.
- You relax and we do the heavy lifting for you.
- We contact you when its approved for signing down the loan.