SME HP Facility/ Equipment Loan/ Factory Loan

With SME HP Facility/ Equipment Loan/ Factory Loan under the Local Enterprise Finance Scheme (LEFS), you can modernize and automate your plant and equipment, expand existing manufacturing capacity, diversify into other product lines and/or augment working capital needs. Interest rate is fixed for the entire loan tenure and is computed on a monthly rest basis.

Work out your monthly instalments with our LEFS Calculator.

Types of Loans

Financing of up to S$15 million, at a fixed interest rate, is available in a wide range of financing packages:

  • SME Equipment Loan
  • SME Hire Purchase (HP) Facility
  • SME Factory Loan
Types of FinancingQuantum
For Machinery Financing:
- Up to 4 years
- Above 4 years

For Financing of Factory Up to 10 years90%


You may apply for SME HP Facility/ SME Equipment loan/ SME Factory loan if your business meets the following criteria.

  • Registered and operating in Singapore
  • At least 30% local shareholding
  • 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 Group consists of all levels up for corporate shareholders > 50% of total shareholding of the company and any subsequent corporate parent and subsidiaries where applicable holds > 50% of total shareholding of the subsidiaries.)

All Terms and conditions must apply.

Apply Now

To Apply:

  • Download, print and submit the application form
    Mail completed form to

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