business-term

Celebrate SG60: Enjoy up to 60% off processing fees!

Unsecured financing to support business growth and operational needs.

Celebrate SG60: Enjoy up to 60% off processing fees!

Unsecured financing to support business growth and operational needs.

SG60 Exclusive Offer

*Applicable to SME Working Capital Loan and DBS Business Loan applications submitted via this link on or before 30 September 2025. 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.

Explore more solutions from the SG60 Digideals campaign.

Apply for SME Loan​

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

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 is a business loan?

A business loan in Singapore can help your business get on the right path to business expansion. A business loan can be used to: (1) Expand your line of products and services, (2) Expand your business overseas, (3) Buy or lease new equipment, (4) Buy a commercial property, (5) Use new sales channels. Learn more about business loans in Singapore.
How to get a business loan in Singapore?

To get a business loan in Singapore, identify your funding needs and choose between government-assisted schemes (like SME Working Capital Loan) or DBS Business Loan. 

To get a SME Working Capital Loan, your business must:

  • be registered and operating in Singapore with at least 30% local shareholdings (Singaporeans or Permanent Residents) and
  • have an annual group sales below S$100 million or
  • have a group employment size of fewer than 200
     
How to apply for a business loan?
  1. Start your application online.
  2. Retrieve your business information from MyInfo Business or ACRA search.
  3. Enter your loan request.
  4. Appoint your loan guarantors which can be easily selected from ACRA-listed partners /directors and/or major shareholders of the company.
  5. Upload your financial and bank statements. 
    If you apply using 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.
  6. Review and submit!

Upon submission, you can track your application status on DBS IDEAL online business banking platform.
How to get a business loan with little to no credit history?

You can consider DBS Quick Finance for fast access to financing of up to S$50,000 with no documents required for new customers who open a business account with us.
What is my processing fee?

Enjoy an exclusive 0.6% processing fee for applications submitted online. 
What is 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.

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