SG Bank Loan
True cost of a business loan, including the facility fee. Prepared .
Method. The facility fee is taken off what you receive, while instalments are set on the full approved amount. The real cost shown is the rate that values those instalments against the cash actually advanced. Fee basis: OCBC's published Working Capital Loan terms, 1.5% of the approved amount, minimum S$500, charged in addition to the effective interest rate. Read on 17 August 2026.
Independent consultancy. Not a bank, not a licensed moneylender. We do not lend and we do not approve anything. Figures are computed from the amounts entered and are not an offer.
Working capital
Where the fee comes fromOCBC's published Working Capital Loan terms: a facility fee of 1.5% of the approved amount, minimum S$500, charged in addition to the effective interest rate.
MethodThe fee is taken off what you receive, while instalments are set on the full approved amount. The real cost is the rate that values those instalments against the cash actually advanced.
Read on17 August 2026
Independent consultancy. Not a bank, not a licensed moneylender. We do not lend and we do not approve anything.
The rate you were quoted is not the rate you pay.
Singapore banks quote an effective interest rate, then charge the facility fee on top of it. OCBC says so in its own terms: a facility fee of 1.5% of the approved amount, minimum S$500, is charged in addition to the effective interest rate offered to you. Put your numbers in and see what the money actually costs.
Neither of these sends anything to us. The PDF is produced by your own browser and the WhatsApp message is yours to edit before you send it.
Same fee, different tenure
The fee is the same number of dollars either way. Spread over fewer months, it costs you far more.
| Tenure | Monthly | Real cost | Added by fee |
|---|
Method and sources
Where the fee comes fromOCBC's published Working Capital Loan terms: a facility fee of 1.5% of the approved amount, minimum S$500, charged in addition to the effective interest rate. Read on 17 August 2026.
MethodThe fee is taken off what you receive, while instalments are set on the full approved amount. The real cost is the rate that values those instalments against the cash actually advanced.
Independent consultancy. Not a bank, not a licensed moneylender. We do not lend and we do not approve anything.
Government backed
Read from Enterprise Singapore on 17 August 2026.
Source
The SME Working Capital Loan, without the guesswork.
The government does not lend you the money. It shares the bank's loss if you default, which is what makes a bank willing to look at you at all. Knowing the risk share matters, because it tells you how much room the bank has to say yes.
From 1 September 2026, the risk share rises to 70% for all enterprises, running until 31 March 2027. If your timing is flexible, that window is worth waiting for.
There is no rate cap on this scheme. The rate is subject to the participating bank's own assessment of risk, so being eligible and being approved are different things, and the price is the bank's call.
Eligibility: Business entity registered and operating in Singapore, with at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s). Group annual sales turnover not exceeding S$500,000,000, and for the SME schemes, group revenue up to S$100,000,000 or at most 200 employees. Offered through 16 participating financial institutions.
Closed
Schemes that no longer exist
Pages offering these are still online. If someone is selling you one, they have not checked their own website in years.
COVID-era scheme. Its final extension ran to 30 September 2022 and no further extension was announced. Not a currently available government scheme.
Enquiry
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