business-term

Business Loan

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

Business Loan

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

Why SMEs choose this
open to all

Open to all businesses

Including companies that don't qualify for government-assisted loans

borrow

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

Support your operational expenses or business expansion

Loan amount is approved based on the bank's assessment.

repayment

Take up to 5 years to repay

Enjoy a flexible repayment period of 1 to 5 years.

Try our business loan calculator below to estimate your monthly payments.

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
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?

The processing fee is 1.5% of the loan amount charged during disbursement of the loan by DBS.

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