OLAF

Earn Up to S$1,891 cashback with a
DBS Working Capital Loan

Celebrating Singapore businesses with our best SME financing deal

Earn Up to S$1,891 cashback with a
DBS Working Capital Loan

Celebrating Singapore businesses with our best SME financing deal

Summary

The DBS working capital loan helps eligible Singapore SMEs manage operational cash flow with government-assisted financing. Borrow up to S$500,000 with a tenure of up to 5 years. Approval and terms are subject to bank assessment.
Up to S$1,891 cashback with a DBS Working Capital Loan
DBS Working Capital Loan Cashback

Celebrate National Day with Up to S$1,891 Cashback* on DBS SME Financing

This National Day, DBS supports your business growth with rewarding cashback on every approved SME Working Capital Loan. As we celebrate the resilience and success of Singapore businesses, enjoy cashback credited directly to your DBS Commercial Card to help offset your operating expenses.
 

Disbursed Loan Amount Cashback
S$120,000 and above S$610*
S$240,000 and above 2x Cashback = S$1,220*
S$360,000 and above 3x Cashback = S$1,830*

 

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Exclusive Bonus for New DBS Commercial Cardholders

Spend S$6,100 within the first 60 days of card issuance and receive an additional S$61 cashback**.
 

Reward Component Cashback
SME Financing Cashback S$1,830
DBS Commercial Card Cashback Bonus S$61
Total Cashback S$1,891


*Applicable to SME Working Capital Loan and DBS Business Loan applications submitted via this link on or before 30 Nov 2026. The Bank may vary the terms and conditions or discontinue this processing fee discount at any time without any notice or liability to any party. The Bank’s decision on all matters relating to the promotion shall be final. Terms and Conditions apply.

** Applicable to only New-to-Card customers. Cashback reward is on top of existing 8% bonus rewards for new cardholders. 

Government Support for Singapore SMEs

The Singapore government recently announced a S$900 million support package for businesses to manage higher operating costs amid ongoing global uncertainties. Key measures for SMEs:

  • Enhanced Enterprise Financing Scheme (EFS) – September 2026 to March 2027: Government risk-share on the EFS–SME working capital loan rises from 50% to 70%.
  • SME Cash Grant – November 2026: S$500 per local employee, with a maximum of S$2,500 per company. Sole proprietorships, partnerships, and LLPs with at least one local business owner receive a flat S$500.

Read the full government announcement

Who is the DBS working capital loan for?

This loan is designed for Singapore SMEs that need financing for day-to-day operations, including payroll, inventory, rent, utilities, and bridging cash flow gaps between revenue cycles.
You may apply if your business:

  • Is registered and operating in Singapore
  • Has at least 30% local shareholding (Singaporeans or Permanent Residents)
  • Has annual group revenue below S$100 million
  • Employs fewer than 200 people
Why SMEs choose this Loan
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Borrow up to S$500,000 with interest rate from 7%*, up to 5 years

*7% interest rate is derived considering the gradual reduction in principal over the loan tenure. The equivalent simple interest rate is approximately 3.8% p.a. based on a loan of $100,000 over 5 years. Actual rates may vary depending on loan amount, tenure, and client profile.

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No documents required for loans of up to S$50,000 for new borrowers with DBS
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Enjoy lower processing fees for applications submitted online
DBS Working Capital Loan Complimentary BizLoan Protect

With every DBS SME Working Capital Loan, complimentary BizLoan Protect coverage is included to offset outstanding loans in the event of accidental death or permanent disability, ensuring your business remains protected. 

Learn more.

All benefits and coverages are subject to the terms and conditions of BizLoan Protect. Please refer to the policy wording for the full insuring clauses, definitions, schedule, extensions, terms, conditions, exclusions, and limits of liability of BizLoan Protect.

Calculate your affordability
How it works
1
Submit your application online

Check if you need to gather documents for your application.

2
Inform guarantors about your application

We’ll email your guarantors to endorse your application.

3
Track your application status

Upon submission, you can track your application status on DBS IDEAL online business banking platform.

4
Review the offer

Once approved, we’ll give you an offer. You can accept the offer on DBS IDEAL.

5
Look out for our notification

We’ll notify you when we disburse the funds into your DBS business account.

Documents to prepare

If you apply using ACRA or MyInfo Business, we can retrieve most of the required information without asking you to submit financial documents. However, some businesses may be required to provide additional information.

Additional documents required could be:

  • Latest 2 years financial statements
    Usually not required for loans below S$50,000
  • Latest 3 months bank statements
    Not required if DBS is your main operating bank

*No documents required for loans of up to S$50,000 for new borrowers with DBS

Frequently asked questions
What is the working capital loan interest rate?

Interest rates start from 7% p.a. (applied rate 3.8% p.a.). Your actual rate will depend on your business profile and loan amount. Use the affordability calculator above to estimate your monthly repayments.
How does the enhanced EFS government risk-share affect my application?

From September 2026 to March 2027, the government's risk-share on the EFS–SME Working Capital Loan increases from 50% to 70%, which may improve access to financing for eligible SMEs. Loan eligibility and approved amount remain subject to DBS's credit assessment.
How is loan eligibility calculated based on annual revenue and employment size?

Annual sales turnover and employment size are calculated on a group basis. This covers all corporate shareholders holding more than 50% of your company's total shares at every level up, as well as all subsidiaries at every level down.
Can I apply for a DBS working capital loan if I've already applied with another bank?

Yes. However, the total amount you can borrow across all participating financial institutions is capped at S$500,000, regardless of how many offers you receive.
Are there any fees for repaying my loan early?

No. There are no pre-payment fees for the DBS SME working capital loan. You will need to provide at least one month's notice before redeeming early. Speak to your relationship manager for details.
How do I accept my loan offer on DBS IDEAL?

Once your application is approved, your offer will be available for digital acceptance on DBS IDEAL. You can track your application status there throughout the process. In cases where digital acceptance is not possible, a relationship manager will assist you.

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