Small and medium enterprises along with startups do not usually have access to a lot of cash as multinational companies. In order to expand their operations and to grow their business such organisations often have to borrow money in the form of business loans from banks and other financial institutions. In Singapore, there are a few banks that offer loans for businesses and help them to meet their financial needs. OCBC is one such bank that offers business loans and OCBC collateral-free business loans have been designed to help businesses in getting access to funds whenever they are in need. If you are the owner of a Singaporean business entity, you can approach OCBC Bank and opt for a collateral-free business loan from them to get access to money that you need in no time.
OCBC Bank is one of the top banks in Asia and is among the few banks that are based in Singapore. The bank offers all kinds of banking products and services under the sun to cater to the needs of Singaporeans. In order to help businesses in Singapore meet their financial needs, OCBC offers several business loan products. The quantum of financing is also very high and helps the businesses in easily getting access to required funds. You will not need to offer any collateral security to apply for any of the business loans offered by OCBC Bank.
Opening a new branch, hiring more employees or simply managing your cash flow might require you to access additional funds. It might be very difficult for you to access the additional funds that you need and so the best option would be to opt for a business loan, such as the ones offered by OCBC Bank. In fact, OCBC business loans are one of the most sought after business loan products in Singapore. You will be able to get access to the required funds without a lot of difficulty, besides getting the help that you need to grow your business.
OCBC Bank offers the following three types of collateral-free business loan products:
This business loan product from OCBC will help you to avail loan of up to S$100,000 with 3 simple steps. It is offered under the Enterprise Singapore’s Micro Loan Program of Singapore called SPRING.
You will need to submit the following documents when applying for OCBC Business First Loan:
If you are looking for a loan that can provide you with access to immediate funds, this is the ideal business loan product for you. The process of applying for the loan is very simple and you can also get a higher amount as a loan.
You will need to submit the following documents when applying for OCBC Business Term Loan:
It is a revolving line of credit from OCBC Bank that will offer you with maximum flexibility and will help you to take care of the financial health of your business with ease. It is a type of unsecured credit that will not require you to pledge any collateral security to obtain the required funds.
You can apply for any of the collateral-free business loan products from OCBC Bank online, through Whatsapp or by calling the customer support team of the bank.
With an OCBC Business Term Loan, you can avail loan amount as high as S$500,000.
You will neither need to submit your financial statements nor business proposals to apply for this business loan from OCBC Bank.
No, only businesses that are registered and operational in Singapore can apply for this loan.
You can get a repayment period of up to 5 years with OCBC Business Term Loan.