Revolving Credit Line

A revolving credit line loan or business credit line is a flexible credit arrangement that gives you access to a set amount of money. This credit can be used repeatedly up to a specified limit. Unlike conventional loans, a revolving credit line lets you draw and repay as your business needs evolve. This offers more flexibility and control over your finances. Our Revolving Credit Line has a tenor of up to 12 months and can be renewed every year.

Fulfilled by FS Capital Pte. Ltd.

First, your business has to meet these requirements for a Revolving Credit Line:

• Registered locally with a minimum 30% local shareholding and have been operating for 3 years

• Have a minimum annual sales turnover of S$1.2 million for a Revolving Credit line

If you meet these requirements, you’ll need to submit these 3 documents: 

• Latest 6 months of operating bank statements

• Personal Guarantor’s Copy of coloured NRIC (front and back)

• Personal Guarantor’s Credit Bureau Report from Credit Bureau Singapore (CBS) (valid within 30 days)

• Credit Limit: Once a SME’s revolving credit line is approved, a specific credit limit is set. This limit is based on various factors such as the company’s credit history, financial stability, cash flow, and overall creditworthiness.

• Access to Funds: Funds can be accessed through our user-friendly self-service portal.

• Flexible Interest Servicing & Repayment Options: Instead of fixed minimum payments,  a Revolving Credit Line offers greater control over cash flow and interest costs. You can choose to: 

  • Pay only the monthly interest (currently calculated at 1.5% for the first 12 months): This keeps your account in good standing while minimising immediate cash outflow.

  • Make larger payments: Reduce your outstanding balance and interest costs faster, saving you money in the long run.

  • Settle the entire balance at once: Eliminate any further interest charges.

• Remember, flexible repayment options come with the responsibility to manage your debt wisely. Consider your cash flow and financial goals when choosing a repayment strategy.  Paying more than the minimum can significantly reduce overall interest costs and positively influence your credit score.

Overdraft facilities are usually linked to bank account.

You may request a drawdown through our financing platform. The minimum drawdown amount is S$10,000, up to your approved credit limit.

An annual facility fee will be charged based on your approved limit.
As of now, we will be waiving all drawdown fees.

Interest is accrued on a daily basis at a flat interest rate of 1.5% per month.

Unfortunately, only Singapore-registered Pte Ltd and LLP companies are eligible for Revolving Credit Line.