Citibank Working Capital Loans
This product is for businesses that have been registered an operating in Singapore for at least 6 months. Offered Jointly by the Singapore Government and Citibank Bank and administered by Enterprise Singapore. This is a flexible and affordable financing product.
The maximum loan period can be up to 5 years and the loan amount is up to S$1,000,000 under the Enhanced Budget Scheme announced in 2020. The rate for the Citibank Working Capital Loan starts at 3% effective per annum and an example of the repayment is below
| Citibank Working Capital Loans | |||
| Principle Sum | Effective Interest | Loan Tenure (Years) | Monthly Installment |
|---|---|---|---|
| S$ 100,000 | 3% | 5 | $1796.87 |
| S$ 200,000 | 3% | 5 | $3593.74 |
| S$ 500,000 | 3% | 5 | $8984.35 |
| S$ 1,000,000 | 3% | 5 | $17,968.69 |
| 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 Citibank.
About Citibank in Singapore
Citibank is the consumer division of financial services MNC Citigroup. The bank has 2,649 branches in 19 countries around the world including Singapore.
In the 1980s, Citibank was the first bank in Singapore to popularize the use of ATMS. Citibank Singapore established its Global Consumer Banking division in 1982 for the needs of individuals and small businesses.
In June 2004, Citibank incorporated a wholly owned subsidiary of Citigroup in Singapore called Citibank Singapore Limited
CitiBusiness Singapore Is the unit that serves SMEs in Singapore and was launched in 2005.
Address:
8 Marina View Asia Square Tower 1, #21-00 Singapore 01896
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 Working Capital Loans 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.
