By MoneyBees
Compare up to three business loan offers on instalment, interest, fees and the true yearly rate, flat or reducing, with the 2026 Enterprise Financing Scheme limits and risk share.
A government scheme run by Enterprise Singapore that shares the default risk on business loans with participating lenders. It covers working capital, fixed assets, trade, project, venture debt, merger and acquisition, and green loans.
Up to S$500,000 per borrower, repaid over up to 5 years. A borrower group can have up to S$5 million in these loans and S$50 million across all EFS loans.
Normally 50%, or 70% for young enterprises. From 1 Sep 2026 to 31 Mar 2027 it is 70% for all borrowers on the working capital and project loans. You still repay the whole loan.
A business registered and operating in Singapore with at least 30% local shareholding and group turnover up to S$500 million. Working capital and fixed asset loans also need an SME: group revenue up to S$100 million or up to 200 staff.
Each lender sets its own rate after its credit assessment. As published on 3 Oct 2026, DBS quotes from 6% and OCBC from 6.75% EIR plus a 1.5% facility fee; UOB publishes no rate.
A flat rate charges interest on the full loan for the whole tenure. A reducing-balance rate charges interest only on what you still owe. DBS says its 6% rate equals about 3.2% simple interest on S$100,000 over 5 years.
A facility fee is money you pay but do not get to use, so it raises the true rate. This calculator adds the fee to the cost and works out the rate on what you actually receive.
With a participating lender. Enterprise Singapore lists 16 for the working capital loan, including the three local banks, foreign banks and finance companies.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).