UOB SME Loan for startups
Borrow up to $100,000 | Up to 10% cash rebates* | 1-day response
*T&C apply
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A loan for Singapore startups with repayment period of up to 3 years. Receive 10% cash rebate on your interest payments in the first year worth up to $500*
There is no requirement to pledge any property or deposit as collateral. You can enjoy flexible repayment terms with no prepayment fees.
Apply online for your loan with minimal documents required and get a response in
1 business day^
# 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).
Our online application process has been enhanced to be fast, simple and secure with MyInfo Business. Enjoy less hassle as the form gets pre-filled and there are less documents to submit.
Fast application in just 5 minutes, less documents to submit
Online form gets pre-filled by retrieving your details via MyInfo Business
Upon full documents submitted and application is approved, sign the loan agreement and funds will be disbursed to your account
SME Micro Loan is part of Enterprise Singapore’s initiatives to help local small businesses gain unsecured working capital financing under the Local Enterprise Finance Scheme (LEFS). UOB is a participating institution in this scheme and we offer the UOB SME Micro Loan of up to S$100,000 to qualifying SMEs that meet this criteria:
# 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).
With effect from 29th October 2019, SME Micro Loan has been subsume under SME Working Capital Loan.
Simply apply through our simplified online process and a UOB relationship manager will be in touch within 1 business day. Upon full documents submitted and application is approved, sign the loan agreement and funds will be disbursed to your account.
The UOB SME Loan is for companies that are just starting out (between 1 to 3 years in business) to help you better manage operations and cash flow with a loan size of up to $100,000.
For larger and more established companies, the UOB Business Loan may be more suitable. The UOB Business Loan offers up to $550,000 and repayment over up to 5 years.
UOB offers a variety of loans to suit your business needs.
Working capital loans that require no collateral:
Loan for fixed assets:
The respective terms and conditions governing UOB SME Loan apply and are contained in the application form and other offer documents, including the facility letter.
~Information is accurate as of 1st Jan 2019.
#Personal guarantees may be required.
^For enquiries that reach UOB within the Stipulated Timing, we will contact you by the next Business Day with an indicative loan amount that you may apply for. “Business Day” is defined as Mondays to Fridays (Singapore date and time, and excluding Singapore public holidays). “Stipulated Timing” is defined as 8am to 8pm from Mondays to Saturdays (Singapore date and time, and excluding Singapore public holidays). For enquiries that reach UOB at times other than the Stipulated Timing, we will contact you within two Business Days after UOB receives your enquiries, with an indicative loan amount that you may apply for. Full product terms and conditions apply. The quote of the indicative loan amount is based on the information provided by the customer and does not constitute an offer, an invitation to offer, a solicitation or recommendation to enter into or conclude any transaction, and the quote of the indicative loan amount is not a contractual agreement by UOB to provide the UOB SME Loan or any other products/ services to the customer. Accordingly, the actual approval of the UOB SME Loan application is subject to the submission of the required full and complete documentation as UOB may so require at its discretion and UOB’s credit assessment. UOB has the absolute right and discretion to decide, for whatever reason and without prior notice and without being liable to any person, whether to approve the customer’s application for the UOB SME Loan and whether (i) to grant (or not to grant) the customer the amount of the UOB SME Loan requested for in the customer’s application form; or (ii) to grant the customer a lower amount from the amount of the indicative loan amount quoted or from the amount of the UOB SME Loan requested for in the customer’s application form.
