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    DBS SME Loans Singapore

    DBS bank offers a choice of two loans for Small and Medium Enterprises to enhance their working capital and fulfil their business goals and aspirations. Both 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 large monthly payments. The eligibility criteria and requirements for these SME loans are not stringent, 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 to free up your assets further and put it to better use.

    Features and Benefits of 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 suit the 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 further to expand your business.
    • This term loan allows you to plan your finances more efficiently by providing 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 DBS Business Term Loan

    • You will need to download and complete the application form available on the official DBS 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 which should not be older than 18 months.

    How to Apply for 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 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 in addition to the required 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 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 designed specifically to provide local SMEs 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 eligible enterprises.
    • This loan provides a flexible loan repayment tenure of up to 4 years allowing you to choose a tenure that suits the financial needs and requirements of your enterprise.
    • This loan offers attractive and flexible interest rate packages that start at 5.50% p.a. with a fixed monthly repayment schedule allowing you to manage your finances easily and conveniently, 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 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. A.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. A.DBS Business Term Loan provides flexible repayment tenures that suit the 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. A.Your business must be registered in Singapore 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. A.Once the bank has received your completed application form along with full documentation, it will take up to two weeks to process your loan application.

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

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