Invoice Finance

Invoice Finance

Maximise your working capital and better manage your cash flow.

  

Benefits

Cost reduction

Cost reduction

Reduce cost and time when you submit your application online.

Full support

Full support

Receive up to 100% of invoice value for domestic and cross-border invoices.

Flexible terms

Flexible terms

Credit terms structured in accordance to your working capital requirement.

How does invoice financing work?

Import Finance - Invoice Finance

Import Finance - Invoice Finance

  1. Buyer sends Purchase Order to Supplier for purchase of goods.
  2. Supplier ships goods and forwards the invoice(s) requesting for payment.
  3. Buyer submits financing application form, CTC copy of invoices and transport documents to UOB
  4. UOB makes payment on behalf of Buyer to Supplier
  5. On financing due date, UOB debits Buyer’s account at UOB for settlement.

Rates & fees

  • Services
  • Fees
Services Fees
Handling Commission 1/8%, min. S$75
Services
Handling Commission

Click here for other charges applicable to all trade products.

UOB Infinity Trade

Apply for Invoice Finance for both imports and exports on UOB Infinity Trade Platform
Step 1

Step 1

Log in via UOB Infinity.

Step 2

Step 2

Select Trade Services.

Step 3

Step 3

Select Financing Request, complete the application and click submit.

Ready to apply?

Ready to apply?

Get in touch

Frequently asked questions

Where can I submit my Invoice Financing application form?
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You may submit your application at any of our Trade Counters. Click here to find the Trade Counter nearest to you.

  • Customer’s letter declaring that:
    • They have not and will not obtain other financing pertaining to this transaction from another bank or financial institution, which in aggregate (including this financing) would exceed the value of this trade transaction; and
    • The underlying transactions are genuine and undertake to furnish the Bank for inspection
  • Customer’s letter providing information on:
    • Remittance and loan amount
    • Name of supplier/beneficiary
    • Supplier/beneficiary bank’s particulars and account number
    • Financing tenor and currency
    • Charges information
  • Bill of Exchange accepted by the buyer
  • Copy of invoice and transport document
  • An import invoice financing facility granted by the Bank
  • Proceeds of the import finance will be paid directly to the exporter

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