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Type of Business Loans

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EFS Working Capital Loan

NB: – The Working Capital Loan Programme (WCLP) has been enhanced for 6 months, from 1 October 2022 to 31 March 2023.

The Working Capital Loan Programme (WCLP) provides access to working capital for business needs to help small and medium enterprises in Singapore gain greater access to unsecured SME business loans.

Loan Amount: Up to S$500,000
Repayment Period: 1 – 5 years
Interest Rate: 4.5% to 5% per annum
Processing Time: 2-4 weeks

EFS Working Capital Loan

NB: – The Working Capital Loan Programme (WCLP) has been enhanced for 6 months, from 1 October 2022 to 31 March 2023.

The Working Capital Loan Programme (WCLP) provides access to working capital for business needs to help small and medium enterprises in Singapore gain greater access to unsecured SME business loans.

Loan Amount: Up to S$500,000
Repayment Period: 1 – 5 years
Interest Rate: 4.5% to 5% per annum
Processing Time: 2-4 weeks

EFS Enhanced Trade Loan

NB: – The Enhanced EFS-Trade Loan (EFS-TL) has been extended till 31st March 2023.

Finance trade needs, including:
Trade Loan
Post Shipment Financing
Pre Shipment Financing
** EFS Trade Loan covers enterprises’ domestic and overseas transactions.
Loan Amount: Up to S$10,000,000
Repayment Period: 1 years
Interest Rate: Subject to assessments
Processing Time: 2-4 weeks

Start Up Business Loan

The Start Up Business Loan is mainly for medical doctors and dental surgeons who want to set up a new private practice.

Loan Amount: Up to S$500,000
Repayment Period: 1 – 5 years
Interest Rate: 4.98 – 6.88% per annum
Processing Time: 2 weeks

Start Up Business Loan

The Start Up Business Loan is mainly for medical doctors and dental surgeons who want to set up a new private practice.

Loan Amount: Up to S$500,000
Repayment Period: 1 – 5 years
Interest Rate: 4.98 – 6.88% per annum
Processing Time: 2 weeks

Equipment Financing

Equipment financing allows you to receive funds to purchase equipment upfront. You then repay the amount via monthly installments over a period of time. Similar to a property loan, an equipment loan is also an asset-backed loan.

Loan Amount: Up to 100% of equipment value
Repayment Period: 1 – 5 years
Interest Rate: 1.8 – 2.5% per annum
Processing Time: 2 weeks

EFS Project Funding

NB: – The Enterprise Financing Scheme – Project Loan (EFS – PL) will be enhanced from 1 January 2021 until 31 March 2022 to support domestic projects for construction1 companies.

Finance the secured overseas projects. The supportable loan types include:

  • Working Capital Loan
  • Factory/ Building/ Land (includes Purchase/ Renovation/ Construction)
  • Equipment/ Machineries/ Vessels/ Other Fixed Assets/ Machinery Hire Purchase
  • Guarantees

Loan Amount: Up to S$50,000,000
Repayment Period: up to 15 years
Interest Rate: Subject to assessments

EFS Project Funding

NB: – The Enterprise Financing Scheme – Project Loan (EFS – PL) will be enhanced from 1 January 2021 until 31 March 2022 to support domestic projects for construction1 companies.

Finance the secured overseas projects. The supportable loan types include:

  • Working Capital Loan
  • Factory/ Building/ Land (includes Purchase/ Renovation/ Construction)
  • Equipment/ Machineries/ Vessels/ Other Fixed Assets/ Machinery Hire Purchase
  • Guarantees

Loan Amount: Up to S$50,000,000
Repayment Period: up to 15 years
Interest Rate: Subject to assessments

Property Refinancing Secured Loan

Refinancing ensures that your property loan interest rates are kept low by guaranteeing saving by the thousands in interest payments.

Tailored to meet your needs in line with your business requirements

Best rates guaranteed with our strong partnership with all PFi’s