Term Loans
Scale Up
with Term Loans for your business
Financing between $50,000 and $300k SGD
Interest rates as low as 1.2% per month¹
No collateral required
No lock-in period
Am I eligible for Business Term Loans?
Be a Singapore-registered company
Have a 30% minimum shareholding by a Singapore Citizen or Permanent Resident Director
Have a minimum of 1-year operating history
Achieve an annual turnover of SGD $500,00 or more
Why choose Business Term Loans from Funding Societies:
No Collateral Required
Access financing without risking personal assets
Quick Application
Complete the application process online from the comfort of your home or office.
How to apply?
Apply in minutes
Sign up for an Elevate Account^ to apply for a Micro Loan in less than 5 minutes, using MyInfo for a quick and seamless process.
Review your offer
Upon reviewing your document submission, we will issue you the Letter of Offer. If you are agreeable, simply sign off the offer.
Contract and Disbursement
Upon receiving your signed Letter of offer, we will disburse your funds to your account in as fast as 48 hours.
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We've got you covered
Not what you’re looking for?
We have other financing solutions available to serve your needs.
Frequently asked questions
Term loans, also known as term financing, are unsecured loan products that allow SMEs to break down repayments into monthly instalments. With term loans you can get a working capital loan between $50,000 and $300k SGD with interest rates as low as 1.2% per month.
Only Singapore-registered Pte Ltd and LLP companies are eligible for Business Term Loans.
Our business term loans begin as low as 1.2% per month. This amount is subject to the assessment from our team based on your loan application.
The following fees and charges can apply:
- Origination fee: 4% - 7% of the agreed loan amount
Early repayment and late fee's are determined on a case by case basis with your relationship manager.
Updated date as of 27th September 2021
Funding Societies offers a range of financing options, including accounts payable (AP) financing, supply-chain financing and micro loans. For more information visit, Funding Societies