Loan Insurance Scheme

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The Loan Insurance Scheme 3 (LIS 3) provides an alternative access to funding for local enterprises through the use of loan insurance. Under this scheme, the Bank can help local enterprises package attractive loan facilities to meet their working capital and expansion needs.

For each application, the total insurance premium is at 2.25% p.a. of the loan quantum. The applicant is required to pay 50% of the total insurance premium.

Types of Loans

The financing facilities include the following:

Loan TypeMaximum Quantum FinancedMaximum Repayment Period
Inventory / Stock Financing FacilityUp to 100% of the Purchase Price1 year
Structured Pre-delivery Working Capital FacilityUp to 100% of Letters of Credit received or of Confirmed Sales Order
Accounts Receivable Financing FacilityUp to 100% of Invoice Value

Eligibility

Qualifying Criteria for Domestic Facilities:
(refers to facilities for purchases with Singapore as the end destination)

  • At least 30% of shareholding is local
  • Company's Group Annual Sales of not more than S$100 million OR company's Group Employment Size of not more than 200*

    *Annual sales turnover and employment size will be computed on a group basis.
    (i.e All levels up for corporate shareholders holding >50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

Qualifying Criteria for Export-oriented Facilities:
(refers to facilities for purchases with Singapore not being the end destination)

  • Singapore-based company with at least 3 strategic business functions in Singapore:
    a) Banking & financial
    b) Marketing & business planning
    c) Procurement/ logistics
    d) Training & personnel management
    e) Investment planning/coordination
    f) Research & Development, technical support & manufacturing
  • Group Turnover cap:
    a) Non Trading companies: ≤ S$300m
    b) Trading companies: ≤ S$500m

Qualifying Criteria for Domestic and Export-oriented Facilities:

  • Must fulfill both the domestic facilities criteria and the export-oriented facilities criteria.

Apply Now

  • Contact our officers at +65 6539 8880
  • Download, and complete an application form (PDF: 128KB).
    Mail completed form to:

    United Overseas Bank Ltd
    Enterprise Banking
    80 Raffles Place
    #12-00 UOB Plaza 1
    Singapore 048624

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