DBS Bank Ltd


Interest Rate
7.75 % E.I.R per year
Max. Loan Amount
$ 500,000.00
Approval Duration
Within 1 Week Using Smart Towkay

DBS Bank offers an unsecured loan application process with notably lenient document requirements.

Applicants are only required to submit three months' worth of bank statements. This aspect makes it particularly suitable for start-up and young companies that may not meet the minimum two-year turnover criteria demanded by other lenders.

DBS Bank stands out as one of the banks fostering a loan-friendly environment for SMEs, facilitating access to crucial financial support.

Calculate Your Business Loan Repayment Instantly

I want to borrow
Monthly Installment
$ 1,561.06
Interest Rate
7.75 % E.I.R per year
Total Interest Payable
$ 6,198.09
Total Repayment
$ 56,198.09
Bank Statements
3 Months Bank Statements
Notice of Assessment
Directors' and Shareholders' 2022 & 2023 NOAs
Optional: Financial Report
Identity Card
Front and Back of Directors' and Shareholders' ICs
Fees and charges

- Processing Fees: 1-1.5% (depends if is new to DBS or existing DBS clients)

-  No partial or redemption fees


- $50 documents fees charged by DBS

Other similar products
Micro Loan
Profit Rate
1 % E.I.R per year
Max. Loan Amount
$ 150
Profit Rate
9.75 % E.I.R per year
Max. Loan Amount
$ 300
Profit Rate
7 % E.I.R per year
Max. Loan Amount
$ 300

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!


The TBLP was introduced to help the 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$1 million . This is to calibrate the support for businesses as the economy gradually recovers.

Yes, SMEs can approach different financial institutions to apply for Temporary Bridging Loans. However, the total aggregate borrowing under the scheme from different Financial Institutions cannot exceed S$1,000,000.

The participating Financial Institutions for the Temporary Bridging Loan Scheme are:

  • CIMB Bank Berhad

  • DBS Bank Ltd

  • ETHOZ Capital Ltd

  • FS Capital Pte Ltd

  • Goldbell Financial Services Pte Ltd

  • Hong Kong and Shanghai Banking Corporation

  • Hong Leong Finance Ltd

  • IFS Capital Ltd

  • Innoven Capital

  • Maybank Singapore Ltd and Malayan Banking Berhad, Singapore Branch

  • ORIX Leasing Singapore Ltd

  • Oversea-Chinese Banking Corporation Ltd (OCBC Bank)

  • Resona Merchant Bank Asia Ltd

  • RHB Bank Berhad

  • Sing Investments & Finance Ltd

  • Singapura Finance Ltd

  • Standard Chartered Bank

  • United Overseas Bank Ltd

  • Validus Capital Pte. Ltd.

Temporary Bridging Loan was introduced in response to the COVID-19 outbreak, to help SMEs manage their immediate cash flow needs.

Eligible SMEs can borrow up to S$1 million, with an interest rate capped at 5.5% per annum. SMEs that require help beyond the Temporary Bridging Loan can also tap on the Enhanced Working Capital Loan, which has been further enhanced to support loans of up to S$500,000.

Different banks have different risk appetites at different times, hence their lending policies can differ. A credit score in risk grade HH might be outrightly rejected by some financial institutions while others like Maybank might approve the application (subject to Company Financial Profile and mitigation of bad Credit Bureau Score.) 

Financial Institutions like Ethoz and Orix might not even need to run Directors' CBS search if entities have more than 2 Directors/ Shareholders. 

The best thing you can do is to improve your credit score as much as you can and keep it at that highest possible level. You may wish to approach us for advice.

Find out more about how your personal credit bureau affects your business loan application here.

All eligible enterprises applying for the Temporary Bridging Loan are subject to assessment by Participating Financial Institutions (PFIs).

As different PFIs have different lending criteria and assessments, one rejection might not similarly mean rejection from others. But do note that any failed application with a PFI will result in a waiting period of 6-12 months before the business can re-apply with the same PFI.

To avoid this, one can approach a platform like us to assist with the company's financial assessment before they submit to PFIs. 

Businesses that require further support may approach Enterprise Singapore at (65) 6898 1800 or enquiry@enterprisesg.gov.sg for assistance.

Site visit inspection is part of the Participating Financial Institution's due diligence to make sure applicants are running a proper and legitimate business.

The site visit includes but is not limited to:

1. Proper Company signage and tenancy agreement sighted for Company registered address

2. Sighting of Original Company operating account statements

3. Selfie with Company key person 

4. Taking pictures of company premises, inventory, staff, etc. 

We wish that were the case too! But, sadly, borrowers and guarantors are responsible to repay 100% of the loan amount.

In the event of default, Participating Financial Institutions are obligated to follow their standard commercial recovery procedure, including the effect of the personal guarantee (which means PFIs will foreclose, auction off any valuable assets of the company and guarantors), before they make a claim against Enterprise Singapore for the unrecovered amount in proportion to risk-share. 

We get this enquiry a lot from businesses running as sole-proprietorships with no business account.

Participating Financial Institutions require corporate bank statements for their credit assessments, thus our advice is to set up a business banking account, and credit all future business proceeds to the newly set-up corporate account, and apply for a business loan in 6 months time (most PFIs require 6 months' bank statements for submission except for DBS which require only 3 months' bank statement for credit analysis).

Credit Call is part of the Participating Financial Institution's due diligence to make sure applicants are running a proper and legitimate business. Credit call is required when PFIs use solely bank statement analysis for their credit assessments (like UOB and CIMB).

Usually, the credit call to the Keyman of the business will comprise of the following questions:

1. Nature of Business
2. Financing Purpose
3. How does Covid-19 affect the business
4. Proposed Loan Amount
5. Is the company profit-making?
6. What is the existing company loan commitment?
7. Annual Sales Turnover

Applications may possibly be rejected due to the following reasons:

  •  The guarantor of the application has poor credit bureau standing

  •  Loss-making company

  •  Negative net-worth company

  •  Poor repayment conduct of existing personal or business loan facility with the applicant lender

  •  Poor mid/end month balance sighted

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 documents 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 PFIs to find the best business term loan lenders who 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.

All business term loans will require the company’s director and shareholder to be the personal guarantor.

As per MAS notice 645 TDSR (Total Debt Servicing Ratio) guidelines, 20% of the monthly repayment instalment for any relevant credit facility which the borrower is a guarantor of will be factored into the TDSR calculation.

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