• RHB Business Loans

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    RHB Business Loans

    Small and medium scale business organizations often need to seek financial assistance to grow their commercial operations. Such businesses do not have access to a lot of cash and in order to purchase equipment, rent a new office space or simply spend more on hiring new talents, they have to seek financial assistance from a bank or financial institution. In fact, even large businesses also seek financial assistance at times to meet the objectives of their organizations. In Singapore, only a few banks or financial institutions that offer loans for businesses and RHB Bank is one of them. RHB Business Loans have been designed to help businesses in Singapore to get the financial assistance that they require for expanding their commercial operations.

    Overview of RHB Business Loans

    The Malaysia based RHB Bank is one of the top banks in Southeast Asia and is known as a bank that offers a variety of customer-centric products and services. Apart from Malaysia, the bank also has its presence in around 8 more countries, which include Singapore. In fact, RHB Bank has been present in Singapore for more than 5 decades and has a very good reputation with the customers in the country. The different types of products offered by the bank include personal loans, business loans and so on. RHB personal loans are known to be very popular with the customers. RHB Business loans come with very beneficial features for the customers.

    Why Opt for RHB Business Loans?

    Do you want to procure more goods or materials for your business? Are you looking to purchase new equipment or tools? When you want to procure more goods or simply purchase new tools, you will need to invest a lot of money. The fact is that you may not have access to such money and at the same time you cannot ignore procuring or purchasing these things as they can affect the ability of your business to produce best quality goods or offer the customer with excellent quality of service. In such a situation, it will be ideal for you to apply for a business loan from a reliable bank like RHB bank.

    Types of Business Loans Products Offered By RHB

    The different types of business loans products offered by RHB in Singapore are as follows:

    1. Multi Trade Line –

    This is the business loan product you should opt for, if you are looking for financial assistance for the procurement of materials and goods for your business. This facility will provide for many things at once and will help you to use the Trust Receipt, Bills Purchase, Invoice Financing, Shipping Guarantee, Letter of Credit etc. for meeting your business and trading needs.

    Features and Benefits of RHB Business Loans

    • You will enjoy the flexibility of using the range of financial products offered by the bank to meet the varied needs of your business.
    • You will benefit from the Trade Courier Service offered by the bank through the representatives of the bank will collect and / or deliver trade related documents to and fro from your office premises.
    • All the trade bills will be processed within a period of years and so you will be able to get instant financial assistance with the help of this business loan product from RHB in Singapore.
    • You will be offered with very competitive interest rates when you opt for this business loan product.

    2. Overdraft facility –

    It is a type of revolving line of credit that does not come with any fixed monthly payments. It is a very flexible product that will act as your source of obtaining funds for meeting the needs of your organisation, such as expanding your business or augmenting the working capital of your organisation. It will help in the growth of your organisation by offering you with financial assistance in no time.

    Features and Benefits

    • The loan does not come with any fixed monthly payments and so you will enjoy the flexibility of paying off the borrowed amount at your convenience.
    • The amount that you repay for this line of credit can be withdrawn to meet the financial needs of your business till the credit limit offered with this facility.
    • You will only have to pay interest on the amount that you will use and not on the entire credit limit offered with the overdraft facility.
    • You will be provided with the option of pledging your assets and availing more funds to meet the expansion needs of your business.

    3. Project Financing –

    Get your business project financed without any difficulty by opting for this business loan product. It has been tailored for meeting cash flow related need of any project. The loan will come with a tenure that will not be flexible enough for you to pay off the loan amount but will also cover the entire duration of the project. The proceeds earned through the project will then be utilized to pay the bank for repaying the loan.

    Features and Benefits

    • You will be offered with a very competitive package of financing that will make sure that your get access to the required funds at very attractive rates.
    • The bank will even consider financing those projects that are viable and are in any of the ASEAN countries.
    • The amount offered through this loan can either be in the form of SGD or in any other foreign currency.
    • You can also avail other credit facilities from the bank such as Trade Financing and Bank Guarantees along with Project Financing, as part of a package.

    4. Revolving Credit Facility –

    This is a revolving line of credit that is ideal for bigger companies as it will help them to manage their cash flow better and also get access to required finances without any hassle. It will act as a very flexible source of funding for your business and will help in meeting varied the needs of your organisation, such as expanding your business or augmenting the working capital of your organisation.

    Features and Benefits

    • You will only need to repay the principal and interest to the bank, once the loan matures.
    • You will only have to pay interest on the amount that you will use and not on the entire credit limit offered with the revolving credit facility.
    • You will also enjoy very flexible options for financing the needs of your business when you opt for this business loan product from RHB.
    • You will get the option of rolling over the principal amount when the tenure of the loan expires and you are offered with a new tenure or when the loan matures, once you pay off the accrued interest.
    • The amount that you repay for this line of credit can be withdrawn to meet the financial needs of your business till the credit limit offered with this facility.
    • You will enjoy very flexible loan tenures of 1 month, 3 months and 6 months.
    • The interest rates offered with the loan will remain fixed during the tenure of the loan.
    • You will also be provided with the option of pledging your assets and availing more funds to meet the expansion needs of your business.

    5. SPRING LEFS Scheme –

    This is a type of business loan product offered by RHB Bank in Singapore under this scheme of financing local enterprises in the country. This scheme offered micro loans that have been created especially for helping small and medium enterprises (SMEs) in the Lion City to upgrade and grow their business operations.

    Features and Benefits

    • When you apply for a loan under this financing scheme, you will be offered with a fixed rate of interest for the tenure of the loan.
    • The micro loans that are offered under the SPRING LEFS Scheme from RHB Singapore are administered by The Standards, Productivity and Innovation Board (SPRING) Singapore.
    • You will get the flexibility of repaying the borrowed amount at your convenience with very flexible tenures.
    • Once you apply for a loan under this scheme, the bank will process the application within a short period of time.

    6. Vessel Financing –

    This is a financing scheme from RHB bank that aims at helping business organisations in constructing completed or uncompleted vessels like AHTS, Bunker Ship and Tug and Barge.

    Features and Benefits

    • The loans offered under this scheme can be packaged under other facilities offered by the bank such as Trade Lines, Bankers Guarantee, Working Capital or Term Loan facilities.
    • The tenure of the loan can be maximum 5 years for second hand vessels and maximum 7 years for newly built vessels.
    • The tenure of the loan can be maximum 24 months for a construction term loan.
    • Under this scheme, you can avail specific loans for the purchase of engines, machinery and outfitting equipment that have to be mounted on the vessel that your company is going to construct or purchase.
    • You can avail up to 75 percent of the valuation or purchase price of the vessel (whichever is lower) as a loan under this scheme for vessels that are completed.
    • You can avail up to 70 percent of the valuation or purchase price of the vessel (whichever is lower) as a loan under this scheme for vessels that are under construction.

    7. Malaysian Commercial and Industrial Property Financing –

    This is a type of business loan cum property loan product that finances the purchase of commercial and industrial properties in Singapore. RHB Malaysian Commercial and Industrial Property Financing has been designed to help businesses in Singapore to easily obtain the required funds needed for expanding their operations by purchasing the commercial property of their choice in Malaysia and expand their business overseas.

    Features and Benefits

    • You will enjoy attractive interest rates with the loan.
    • With a short lock-in period, you can avail a very high amount as a loan.
    • You will be offered with very favourable SGD to MYR and vice-versa exchange rates.

    Explore the Other Loans Offered By RHB:

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