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    DBS SME Loans Singapore

    Overview of DBS SME Loans

    DBS bank offers a choice of two loans for Small and Medium Enterprises to enhance their working capital and fulfill their business goals and aspirations. Both the loan options offer high loan quantum and flexible repayment tenures allowing the business to first focus on the management of their cash flow without having to worry about making sumptuous monthly payments. The eligibility criteria and requirements for these SME loans are minimum, making the application process extremely hassle free and convenient. These loans have been designed to enhance your working capital and expand your business.

    Find below the types of SME Loans offered by DBS bank –

    Business Term Loan

    You can manage your daily business operations conveniently and enhance your cash flow sufficiently using the Business Term Loan offered by DBS bank. This is a collateral free loan that allows you further free up your assets and put it to a better use.

    Features and Benefits of the DBS Business Term Loan

    • High Loan Quantum – You can borrow up to SGD 500, 000 for this term loan that is collateral free.
    • Loan Repayment Tenure – This loan provides flexible repayment tenures that suits the individual financial needs of your business. You can choose a loan repayment tenure of up to 5 years for this loan.
    • Using this term loan, you can enhance your cash flow through convenient access to funding.
    • As this loan is unsecured, you can free up your assets to further expand your business.
    • This term loan allows you to plan your finances much more efficiently by providing you with a fixed monthly repayment schedule.
    • You have access to IDEAL 3.0, the online platform carrying a comprehensive range of financial products and service that can assist you in managing your working capital more effectively.
    • DBS bank has the widest banking network on the island that helps you make your financial planning extremely convenient with access to more than 80 DBS and POSB bank branches and over 900 ATMs in Singapore.

    Eligibility Criterion for the DBS Business Term Loan

    In order for your business to be eligible to apply for this term loan, your business must be registered in Singapore.

    Documentation Requirements for the DBS Business Term Loan

    • You will need to download and complete the application form available on the official DBS, Singapore website under the Business Term Loan webpage.
    • A front and back photocopy of the NRIC of the applicant as well as the guarantor / s.
    • The latest 2 years Income Tax NOA (Notice of Assessment) of the directors / partners / sole proprietor.
    • If the operating account is not held with DBS, you are required to submit the bank statements for the latest 6 months.
    • Financial statements for the latest 2 years and audited wherever applicable. The financial statements should not be older than 18 months.

    Applying for the DBS Business Term Loan

    • You can mail or fax the application form along with the requested documents to the address / number provided on the official DBS, Singapore website under the Business Term Loan webpage.
    • You can apply for this term loan directly in person by walking into your nearest DBS or POSB bank branch and dropping off the application form + documents to a member of the staff.
    • You can contact the bank via telephone (both local and overseas) on the numbers provided on the official DBS, Singapore website under the Business Term Loan webpage for any queries on the application process or general enquiries regarding this loan.

    DBS Micro Loan

    The DBS Micro loan is a specifically designed loan to provide the local SMEs on the island with easy and convenient access to funding. This loan is in tie up with the SPRING Singapore to aid the SMEs in Singapore.

    • This loan provides a high loan quantum of up to 100, 000 for the eligible enterprises.
    • This loan provides a flexible loan repayment tenure of up to 4 years allowing you to choose a tenure that best suits the financial needs and requirements of your enterprise.
    • This loan offers attractive and flexible interest rate packages that start as low as 5.50% per annum with a fixed monthly repayment schedule allowing you to manage your finances easily and conveniently and further enhancing your working capital and cash flow.
    • The DBS Micro Loan is an unsecured loan, meaning you are not required to provide any of your assets as a collateral for this loan. You can free up your assets to further expand your business.

    Explore the Other Loans Offered By DBS:

    Frequently Asked Questions

    1. What is the maximum amount I can borrow using the DBS Business Term Loan?
    2. You can borrow any amount up to SGD 500, 000 using the DBS Business Term Loan.

    3. What is the loan repayment tenures offered by the DBS Business Term Loan?
    4. The DBS Business Term Loan provides flexible repayment tenures that suits the individual financial needs of your business. You can choose a loan repayment tenure of up to 5 years for this loan.

    5. What is the eligibility criteria to apply for the DBS Business Term Loan?
    6. Your business must be registered in Singapore in order to be eligible to apply for the DBS Business Term Loan.

    7. How long will DBS bank take to process my loan application for the DBS Business Term Loan?
    8. Once the bank has received your completed application form along with the full documentation, it will take up to 2 weeks to process your loan application for the DBS Business Term Loan.

    9. How do I submit my application form for the DBS Business Term Loan to the bank?
    10. You can mail or fax your completed application form along with the full documentation requested to the address / number provided on the official DBS, Singapore website under the Business Term Loan webpage. Alternatively, you can also apply for this term loan directly in person by walking into your nearest DBS or POSB bank branch and dropping off the application form + documents to a member of the staff.

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