Asset Financing

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Overview

As a leading bank in Asia, our core strength lies in our ability to combine our industry-specific knowledge and experience to deliver innovative financial solutions to meet our customers’ changing needs. As you make your next capital expenditure to expand your business or to enhance your business capabilities, we can provide the suitable financial solution to achieve your business goals.

At UOB Corporate Banking, we understand that to expand your business or to enhance your business capabilities, companies need to make capital investments. Be it a purchase of equipment/ commercial vehicles, buying of new land/ property or building up your new fleet of vessels, our dedicated team of Product Sales Specialists and Relationship Managers have the expertise to help you efficiently acquire the fixed assets. 

Features

2bank

Commercial & Industrial Property loan

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equipment

Machinery / Equipment financing

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equipment-loan

SME HP facility / SME Equipment loan/ SME Factory loan

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  • Enjoy Attractive interest rates
  • Higher financing quantum
  • Flexible financing structure ( a combination of overdraft / term loan/ trade facilities is available)

Eligibility 

All businesses incorporated in Singapore are eligible to apply. 

  • Enjoy competitive interest rates 
  • Choice of financing of either hire purchase facility or term loan 

Eligibility

All businesses incorporated in Singapore are eligible to apply

  • Administered by SPRING Singapore 
  • Financing of up to $15million
  • Loan tenure of up to 8 years for SME HP/ SME equipment loan & 10 years for SME factory loan 

Eligibility 

  • Company registered & operating in Singapore 
  • At least 30% local shareholding 
  • Group^ annual sales turnover of <=S$100m or group employment <= 200

^Group is defined as 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

globalcurrency

Asset- based financing under Internationalisation Finance Scheme (IFS)

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vessel

Vessel/Aircraft Financing

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vehicle

Commercial Vehicle Financing

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  • Administered by IE Singapore
  • Financing purchase/ construction of factories / buildings / fixed assets (such as machinery/ equipment) for overseas use
  • Funding of up to S$30m (on group basis) 
  • Loan tenure of up to 6 years for fixed assets & 15 years for factories 

Eligibility 

  • Singapore-based company with meaningful business operations and at least 3 strategic business functions* in Singapore.
  • Global Headquarter(HQ)** anchored in Singapore.
  • For non-trading companies, the turnover shall not exceed S$300 million. For trading companies‘, the turnover shall not exceed S$500 million.
  • Singapore-based company with meaningful business operations and at least 3 strategic business functions** in Singapore.
  • The overseas business must complement the Singapore company's core operations and result in economic spin-offs to Singapore

* Strategic business functions refer to activities such as (i) banking & financial, (ii) marketing and business planning, (iii) procurement, logistic, (iv) training & personnel management, (v) investment planning/co-ordination, (vi) R&D and design, (vii) technical support, (viii) manufacturing, and (viiii) other value-added (VA) activities.

** An entity is considered to have its Global HQ anchored in Singapore where:

  1. more than 50% of the Board of Directors are Singaporeans or Permanent Residents of Singapore;
  2. the more control and management of the QSE's ultimate corporate parent (the Parent) is exercised in Singapore;
  3. the chief executive officers of the Parent responsible for the global decisions of the Group are based in Singapore; and
  4. the Parent's Board of Directors meeting are held in Singapore.
  • Flexible financing structure to finance the growth of your fleet
  • Competitive interest rates
  • Customized repayment terms which helps you to manage your cash flow 

Eligibility

  • All businesses incorporated in Singapore are eligible to apply
  • High Financing quantum
  • Hire Purchase financing available for commercial vehicle and commercial vehicle with renewed COE
  • Obtain ownership of the vehicle upon fulfilling payment of loan installment

Eligibility 

All businesses incorporated in Singapore are eligible to apply

United Overseas Bank Limited (UOB) is a leading bank in Asia which provides a wide range of financial services. Our corporate banking team works closely with corporates to offer innovative and customised banking and financial risk management services that meet their specific priorities. Our deep client relationships are based on the premise that we care for our clients’ businesses as if they were our own. Our relationship managers, comprising industry experts with in-depth industry-specific knowledge, work with product specialists to provide a full suite of customised solutions, from working capital and term lending, cash management, trade finance and financial supply chain management, to global markets and risk management solutions, as well as capital-raising and advisory capabilities. Through UOB’s extensive branch network in ASEAN and the rest of the world, we also provide seamless, cross-border banking solutions to help our clients manage and expand their businesses across borders.

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Contact Us

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For Queries
Please call us at (65) 6922 7300 or

email


Email us at Corporate.Banking@UOBgroup.com

Via Branch

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Alternative you may  wish to visit any UOB Group Branch

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