LEFS Micro Loan
Our LEFS Micro Loan Scheme is designed to help companies gain access to funding of up to S$100,000, which can be used to meet your working capital needs. With our LEFS Micro Loan Scheme, you can enjoy the following features:
- Loan amounts of up to S$100,000*;
- Monthly instalment plans;
- Tenor of 4 years;
- Enjoy fixed interest rate of 5.5% p.a.; and
- Enjoy peace of mind with 50% co-sharing of risk with SPRING Singapore.
* Subject to company's total Micro Loan exposure up to S$100,000 across all participating financial institutions.
To be eligible for our LEFS Micro Loan Scheme, you need to:
- Be a locally incorporated company with local shareholding of 30% or more;
- Have no more than 10 employees OR an annual turnover of not more than S$1m; and
- Have a group employment size of not more than 200 workers OR a group annual sales turnover of not more than S$100m.