Temporary Bridging Loan

As announced at Solidarity Budget 2020, eligible enterprises may borrow up to $5 million with the interest rate capped at 2.5% p.a., from 16 Participating Financial Institutions (PFIs). The Government will provide 90% risk-share on these loans for new applications initiated from 8 April until 31 March 2021.

Loan Amount Up to S$5,000,000 per Borrower Group*
Loan Tenor Up to 5 years
Loan Repayment

Service only interest for first 12 months, thereafter principal and interest for the remaining of loan tenor

Collateral Nil

Eligibility

Business must be registered and operating in Singapore with at least 30% local shareholdings (Singaporeans or Permanent Residents)

Eligible companies may borrow up to $5 million under Temporary Bridging Loan with effect 1 April 2020, and is available until 31 March 2021

Quick Assessment Free Consultation

Bank statements for the last 6 months
Income Tax Notices of Assessment of Directors(s) for the last 2 years
Photocopy of NRIC (front & back) of guarantor(s)

or

and our Business Development Manager will be in touch with you shortly.

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