OCBC 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 OCBC 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 OCBC Working Capital Loan starts at 3% effective per annum and an example of the repayment is below
|OCBC 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 OCBC.
About OCBC in Singapore
Oversea-Chinese Banking Corporation Limited or (“OCBC”) is a MNC banking and financial corporation with headquarters in OCBC Centre Singapore.
OCBC was born through the consolidation of 3 banks in 1932, namely, the Chinese Commercial Bank Limited, Ho Hong Bank Limited and Oversea Chinese Bank Limited.
Consistently ranked among the top banks in the world, OCBC has more than 570 branches and representative offices in 18 countries and regions in the world.
65 Chulia St, #01-00, Singapore 049513
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.