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 Financing||Quantum|
|For Machinery Financing:|
- Up to 4 years
- Above 4 years
|For Financing of Factory Up to 10 years||90%|
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.
Download, print and submit the application form
Mail completed form to
United Overseas Bank Ltd
80 Raffles Place
#12-00 UOB Plaza 1