Business First Loan - SME Micro Loan | OCBC Business Banking SG

• Business Banking
• SMEs
• Loans
• Business First Loan

Business first loan

Grow your startup with additional funds at a lower cost – enjoy 88% off your facility fee*

• Why you will love this
• Who can apply

Why you will love this

Easy to qualify, your business just needs to be 6 months old

Fast application within 5 minutes

CNY promo: 88% off your facility fee. T&Cs apply.

Who can apply

Business is registered and operating in Singapore between 6 months and 2 years

At least 30% owned by Singaporean or Singapore PR

At least 1 employee and more than 50% equity owned by individuals

Apply now

Less than 2 years in operations? Seize this opportunity to get up to S$100K and save up to S$1,500 on facility fees.

Plan your business loan

Easily estimate your monthly start-up loan repayments, which are determined by 3 main factors: loan amount, interest rate, and duration of loan.

Loan Amount S$ S$0 S$100,000 Loan Tenure (years) 1 years 5 years Indicative Interest Rate (%) 8% 11%

Estimated monthly instalment

S$0

Apply now

Disclaimer / Important Notice This is not a financing offer from OCBC Bank. The computations shown are based on the information provided by you. These computations are intended to give an indication of repayment information based on certain loan parameters, and are provided solely for reference only. Actual interest rates may differ and may be higher than what is shown here. We hereby disclaim any responsibility for any errors or omissions in the computations or past transaction values reflected. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of relying on the computations and/or past transaction values reflected. For the applicable terms and conditions of any financing offer made to you by OCBC Bank, please refer to the relevant Letter(s) of Offer issued.

How to apply for a start-up loan

1

Apply with Singpass.

2

Customise your loan amount and repayment period.

3

We will be in touch to guide you through the next steps.

4

Voila, your money is in!

Apply now

Ready to apply?

Get your Business First Loan today with us

Apply online Request a call back FAQS

Common questions

Why get a business loan?

The OCBC Business First Loan is a government-assisted loan that is great for young businesses between 6 months to 24 months to access financing quickly and easily. Get a jumpstart. Some of the most common reasons to get your first business loan are:

• Build a strong and reliable financial record that will help you realise your business goals
• Take on projects with a high upfront cost or have standby cash to seize opportunities at the right time
• Speed up expansion plans and ride the rapid growth in business with ease
• Cover a cash flow crunch
• Prepare for the unexpected

When will I get a reply?

The loan application process takes less than 5 minutes when you apply through MyInfo or MyInfo Business. Our Business Development Managers will get back to you within 3 business days.

Who can apply?

The OCBC Business First Loan is suitable for businesses that are:

• Sole Proprietor, Partnership, or Private Limited Company, registered and operating in Singapore for a minimum of 6 months
• At least 30% local shareholding (Singaporeans / PRs)
• At least 1 employee and more than 50% equity owned by individuals
• Group annual sales of up to S$100m or group employment size of not more than 200
• 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)

What are the documents I should prepare?

• Login details for MyInfo Business or Singpass
• Entity’s latest 2 years profit and loss statement and balance sheet (applicable for Pte Ltd/LLP with turnover > S$5million)
• Latest 6 months bank statement (non-OCBC account holder)
• All non-Singaporean/PR Guarantor's ID documents (not required with MyInfo Business or SingPass authentication)
• Guarantor’s latest 2 years NOA statement (not required with MyInfo Business or SingPass authentication

Will my lack of credit history be a problem?

A lack of credit history isn’t necessarily a problem. Credit history is just one aspect of what we consider when assessing a business loan application.

Are there any penalties for repaying my loan earlier and any other fees I should be prepared for?

There are no prepayment fees for repaying your loan earlier.

A facility fee of 2% of the approved loan amount (minimum S$500) is charged in addition to the effective interest rate offered to you. From now till 30 September 2025, apply online to enjoy 60% off facility fees, saving you up to S$1,200. Terms and conditions apply.

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Additional lending options for your business

OCBC Short-term Financing

Unlock funds from your unpaid business invoices. Receive payments immediately instead of waiting up to 30, 60, 90, or even 120 days.

Learn more

OCBC Revolving Term Loan

Access financing whenever you need it, without the hassle of reapplying unlike business loans or overdrafts.

Learn more

OCBC Commercial Property Loan

Secure attractive rates to own your first commercial property or expand your business premises.

Learn more Terms and Conditions

• Standard Terms and Conditions Governing Banking Facilities

  Download the Standard Terms and Conditions Governing Banking Facilities.

• Terms and Conditions Governing Business Loans

  Download the Terms and Conditions Governing Business Loans.

• *Terms and Conditions Governing the Business Loans Promotion

  Download the Terms and Conditions Governing the Business Loans Promotion

Our awards and accolades

Asia's Best Bank for SMEs

2025 Euromoney

2025 Euromoney

Best Bank for Cash Management in Asia-Pacific

2025 Global Finance

2025 Global Finance

Best Digital Business Banking Platform in Asia-Pacific

2025 The Asian Banker

2025 The Asian Banker