LEFS Micro Loan Scheme

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The LEFS Micro Loan Scheme is designed to help small companies gain access to funding and can be used for purchase of equipment, or meeting working capital requirements. The maximum tenure for this loan is four years and the interest rate is at 5.75% per annum.

The maximum loan exposure under this programme is S$100,000 per company. Overall, this is subject to the company's total Micro Loan exposure of not more than S$100,000 across all participating financial institutions. If the company currently has existing Micro Loan of S$100,000 with any of the participating financial institutions, it will not be eligible for the Micro Loan Scheme.

Work out your monthly instalments with our LEFS Calculator.

Types of Loans

The financing facilities available include:

  • LEFS Micro Loan - Hire Purchase (Equipment Financing)
  • LEFS Micro Loan - Term Loan (eg: Renovation, Working Capital)

Eligibility

To apply for the Micro Loan Scheme, local SMEs must meet the following requirements:

  • Local companies with at least 30% local shareholdings
  • Company has 10 or less employees OR has annual sales not exceeding S$1million
  • Company’s Group Annual Sales of not more than S$100 million OR company’s 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)

Apply Now

To apply for LEFS Micro Loan:

  • Contact our officers at +65 6539 8880
    Please note that the Bank may require additional supporting documents to process the applications.
  • Download, print and submit the application form
    Mail completed form to

    United Overseas Bank Ltd
    Enterprise Banking
    80 Raffles Place
    #12-00 UOB Plaza 1
    Singapore 048624

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