business-term

Business Loan

Apply for a loan and receive S$300 cash back
from now till 31st December 2024

Business Loan

Apply for a loan and receive S$300 cash back
from now till 31st December 2024

Why SMEs choose this
open to all

Open to all businesses

Able to stack on top of your government-assisted loans

borrow

Borrow up to S$500,000 with interest rate from 7%, up to 5 years

repayment

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

Enjoy lower processing fees for applications submitted online

Special limited time promotion

Receive S$300 cash back from now till 31st December 2024

From now till 31st December 2024, enjoy a S$300 cash back* when you submit a working capital loan or a business loan application online**. Click here to apply now.

*Terms and conditions apply.

**Applicable to SME Working Capital Loan and DBS Business Loan applications submitted via this link on or before 31st December 2024. 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 discount shall be final.

Calculate your business loan affordability
How it works
1
Submit your application online

Check if you need to gather these 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 online business banking platform. In cases where an offer cannot be accepted digitally, a relationship manager will assist with the acceptance.

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 so most businesses do not need to provide financial documents. However, additional information may be required on a case-by-case basis.

Additional documents required could be:

  • Latest 2 years financial statements
  • 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's the process of accepting the offer digitally?

While we’re processing your application, you can track your application status on DBS IDEAL online business banking platform. Once approved, we’ll give you an offer which you can accept on DBS IDEAL. In cases where an offer cannot be accepted digitally, a relationship manager will assist with the acceptance.
Are there any penalties for repaying my loan earlier?

If prepayment is made within the first 2 years of the disbursement of the loan, there is a fee that is calculated based on a flat rate of 2.5% on the principal amount prepaid. For more information, speak with your relationship manager.
What is my Processing Fee?

Enjoy an exclusive 0.37% processing fee for applications submitted online. 

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