Internationalisation Finance Scheme

Decrease Text Size Increase Text Size Print Bookmark Share

The Internationalisation Finance Scheme (IFS), administered by IE Singapore, is designed to help Singapore-based companies expand their operations overseas and internationalise successfully.

Types of Loans

The IFS loan can be used for one or more of the following purposes associated with overseas investment:
Asset-Based Financing

  • To purchase or construct factories or buildings (including land)
  • To purchase other fixed assets such as machinery

Structured Loans

  • To finance secured overseas projects or confirmed overseas sales orders

The acquisition of the above assets must be for overseas projects that will generate economic spin-offs for Singapore.

Banker’s Guarantee for the issuance of guarantee facilities for secured overseas projects for the following purpose:

  • Advance payment guarantee
  • Performance guarantee
  • Tender / Bid bond guarantee

Issuance of Banker’s guarantee must relate to and be backed by evidence of specific secured overseas projects. In the case of tender/ bid bond guarantee, it must be backed by supporting tender documentation.

Types of Financing Maximum Loan Period Maximum Quantum of Financing1
Asset-Based Financing

(a) Land / Factories / Buildings

(b) Other fixed assets
15 years
90%*2
6 years
90%*2
Structured Loans
3 years
90%*3
Banker's Guarantee
5 years
100%

1 Financing is pro-rated in proportion to the percentage of the Singapore-based company's shareholding in the overseas operation.
2 Based on valuation or purchase price, whichever is lower.
3 Based on the value of the sales order or contract amount or project value.

Maximum Loan Exposure

  • Maximum loan exposure (on a group basis) shall not exceed S$15 million.

Eligibility

To be eligible for IFS, your business must meet the following requirements:

  • Must be either a Singapore-based company or the overseas subsidiary/associate of a Singapore-based company
  • For non-trading companies, the turnover shall not exceed S$300 million. For trading companies*, the turnover shall not exceed S$500 million.

* Refers to companies with more than 50% of sales turnover derived from trading

Apply Now

  • Call +65 6539 1236
  • Download, and complete an application form (PDF: 78KB).
    Send completed form to:

    United Overseas Bank Limited
    Global Business Development
    80 Raffles Place
    #12-00 UOB Plaza 1
    Singapore 048624

Useful Information