Aspire SME Loans

Interest Rate
1 % flat int per month
Max. Loan Amount
$ 500,000.00
Approval Duration
Within A Week

ASPIRE SME LOAN is one of the cheapest peer to peer lending lender in Singapore

ASPIRE offers business financing solutions with numerous options to help your business be successful. Whether you're looking for a short-term line of credit (revolving credit line) or something more long-term like an unsecured business term loan, you can get access to funds from ASPIRE's SME LOAN and invoice financing while still being competitively priced with other established peer to peer lenders in the industry.


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Calculate Your Business Loan Repayment Instantly

I want to borrow
Monthly Installment
$ 17,166.67
Interest Rate
1 % flat int per month
Total Interest Payable
$ 1,500.00
Total Repayment
$ 51,500.00
Key Features
Features 1

Low-Interest Rate

Features 2

Fast Approval & Disbursement

Features 3

Construction Industry Risk-Adverse


ASPIRE is a business Neobank in Southeast Asia and are headquartered in Singapore with teams in Vietnam, Indonesia, Thailand and Singapore, and backed by Y-Combinator and private investors.

Aspire is the trade name of Aspire Financial Technologies Pte. Ltd., a fully owned subsidiary of Aspire Financial Technologies Holdings Inc., a Delaware (US) Corporation.

Maximum loan up to $500,000Maximum tenor up to 12 monthsThe company must be operating for more than 1 year

Annual Revenue of at least S$100,000

Additional Criteria:

  • Non-construction industry 

  • Average daily balance for last 2 months > SGD 20k 

  • CBS ≠ HX/HZ + No records of financial litigation/default/bankruptcy

  • Profitable as of 2020 

  • Positive net worth 

  • Revenue trend decline not more than 30% vs 2019

  • Past 2 years' financials

  • Past 6 months' bank statements

  • Company Additional Info form (attached)

  • Latest CBS report (dated within 3 mths)

  • Updated AR Aging List (within 2 months) 

Fees and charges
ASPIRE SME LOAN Temporary Bridging Loan Fees and Charges

Processing Fees: 
  1-2.5% of the loan amount 

Monthly Interest Rates: 
   1-2% flat interest per month

- Early Discount for Early Redemption 


Other similar products
Grab Finance SME Loan
Profit Rate
1.6 % flat int per month
Max. Loan Amount
$ 100,000
Minterest SME Loan
Profit Rate
2 % flat int per month
Max. Loan Amount
$ 300,000
Profit Rate
1.65 % flat int per month
Max. Loan Amount
$ 500,000

If you're not sure which loan is right for you, we can help!

Why Should You Apply Through Smart-Towkay ?

Benefits of Applying Through Us


As a team of ex bankers, we are very familiar with credit criteria of individual banks with a solid track record of >80% approval rate.


Leave the application process to our specialists while you focus your resources on your core business.


Tired of waiting for unresponsive bankers revert? Your application is our priority, reduce processing time by 3-5 working days through us!


No upfront fees, no fees applicable if we’re not enable to secure financing for your company. Performance guarantee, pay only for results!

by Smart-Towkay

Aspire's competitive revolving line of credit is an excellent option for startups in search of short-term financing with little to no requirements.

SME Unsecured Term Loan:
Lending applicants can borrow up to S$500,000 at a fixed interest rate and are eligible as long as they've met the other eligibility criteria (which include not having any financial or operational restrictions). Interest rates range from 1% monthly all the way up to 2%.

ASPIRE Revolving Credit Line:
This product comes with a 6-month term loan per withdrawal and works similarly to a credit card, meaning that borrowers only get charged interest on the amount they actually borrow. Aspire's progressive discount applies to remaining interest fees pro-rated according to the length of time left in each individual term loan agreement; if you repay your loan one month earlier than expected, then you will receive 20% off any future charges


Aspire SME Loans Faq

Peer-to-peer lending is a new financing method that allows SMEs with little credit history or SMEs that need short-term bridging loans to crowdfund and raise money.

A P2P lending platform enables such activities on an industrial level, allowing businesses to get the loans they need without having to spend time going from lender to lender in search of assistance.

If you're a small to medium enterprise without the cash or credit history necessary for bank loans and other forms of funding, peer-to-peer lending may be just what your business needs. P2P lenders provide financing based on applicants' credit scores that are determined by factors like how long they've been in business, their previous financial transactions (especially those involving repayment), and more.

 Licensed P2P lending operators must have a Capital Markets Services License and will have to comply with the controls and disclosures required of it under the MAS Circular No. CMI 27/2018 (securities-based Crowdfunding Circular)(issued 23 August 2018).

Currently, Funding Societies (FS Capital) and Validus Capital are involved in the Temporary Bridging Loan program.

What does it mean?

Given the Risk-Sharing by Enterprise Singapore, the above lenders might be more incline to approve 'borderline' cases given the 70%-30% risk-sharing. 

What is Temporary Bridging Loan?

The TBLP was introduced to help enterprises access working capital.

As announced in the Solidarity Budget on 6 Apr 2020, the Government will enhance the TBLP further with 90% risk share. The enhancement will apply to new applications initiated from 8 April 2020 until 31 March 2021. For applications that are pending approval from PFIs, enterprises are advised to speak to their PFIs on their eligibility.

As announced on 12 Oct 2020, TBLP will be extended from 1 Apr 2021 to 30 Sep 2021. Under this extension, the Government’s risk-share on the loan will be lowered to 70% (90% currently) with the maximum loan quantum lowered to S$3 million (S$5 million currently). This is to calibrate the support for businesses as the economy gradually recovers.

The use of P2P lending platforms for SMEs is becoming increasingly popular because they can approve loans as quick as 24 hours after the application has been made. This convenience and speed make them appealing to those with urgent needs, such as small business owners who may need funds quickly or entrepreneurs looking to expand their business

While conventional banks might take 2-3 weeks to get the loan application approved and disbursed. 

Most PFIs will require the standard documents listed below for processing:

    • Latest 6 months company’s operating account

    • Latest 2 years company audited/ management report

    • Latest 2 years notice of assessment of directors/shareholders

    • Photocopy of directors/shareholders NRIC (front and back)

Some may ask for additional documents such as the company’s debtor aging list, corporate Notice Of Assessment, GST tax filing, etc.

Yes, of course. Besides applying by yourself, you can engage us to act as a middleman between you and potential lenders. We understand the daunting task of going through the whole rigorous process of document submission and numerous Q&As for a company to take up a business term loan.

Our job is to work on your behalf and with several Peer To Peer Lenders to find the P2P loan which best fit your needs with the lowest rates. We have a well-developed stable of lenders we work with, making your life easier.

We are like your company loan concierge; we do all the legwork for you, negotiate terms, and make the approval magic happen. All for a nominal fee, of course.

Else contact us through our whatapps or email and our friendly consultants will guide you.

We heard of Buy Now Pay Later for consumers, how does Buy Now Pay Later For SME works?

SMART FUNDING Buy Now Pay Later Scheme is a new innovative initiative to help SMEs ease their cashflows 

First BNPL SME scheme in Singapore, this option provides SMEs with the flexibility to finance the purchase of good and services, with ZERO* upfront payment and instead make installment payments over 6-9 month


Buy Now Pay Later Features:

Not Vendor Dependable (SMEs can get approval for goods and services purchase with their choice of vendors)

Up to 9 months loan tenor which is longer than current BNPL providers in the market

Fast application turnaround time of 10 working days

Finance purchase of goods and services with ZERO* upfront payment
- Applicable for Pte. Ltd. Company only

*subject to company financial profile

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