Local Enterprise Finance Scheme
With Local Enterprise Finance Scheme (LEFS), you can modernise 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 LEFS Loans
Financing of up to S$15 million, at a fixed interest rate, is available in a wide range of financing packages:
- Machinery Term Loan
- Hire Purchase
- Factory Term Loan
| Tenure | Interest Rate | Types of Financing |
| 1 to 4 years | 4.25% p.a. | Factory & Machinery Term Loans and Hire Purchase |
| 5 to 10 years | 4.75% p.a. | Factory & Machinery Term Loans (maximum tenure for Machinery term Loans is 8 years) |
| Types of Financing | Quantum |
| For Machinery Financing: - Up to 4 years - Above 4 years | 90% 70% |
| For Financing of Factory Up to 10 years | 90% |
Eligibility
To be eligible for LEFS, your business must meet the following requirements:
- Registered or incorporated in Singapore
- At least 30% local shareholdings
- 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)
Apply Now
To apply for LEFS:
-
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
More Information
- Call us at 1800 226 6121
- Contact Us
Useful Information
Uniplus Account Rates
| Savings Amount | Rates |
|---|---|
| First S$3,000 | 0.2500 |
| Next S$47,000 | 0.2750 |
| Next S$50,000 | 0.3750 |
| Remaining Balance Above S$100,000 | 0.4750 |