Micro Loan Programme (MLP)
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 Micro Loan Programme (MLP)


Loans of up to $100,000 for local SMEs with 10 or less employees.

Use of Funds For daily operations or for automating and
upgrading factory and equipment
Maximum Loan Quantum $100,000
Interest Rate * Minimum 5.50% interest rate for loan tenure of 4 years and below.
* Subject to Participating Financial Institutions’ assessments of risks involved.


You may apply for a Micro Loan if your company meets these criteria :

  • registered and operating in Singapore
  • company has 10 or less employees OR has annual sales not exceeding S$1 million
  • at least 30% local shareholding
  • 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)

Enhancement to MLP for Companies less than 3 years old

The MLP has been enhanced to make loans more accessible to young companies. The Government has increased the risk-share in the MLP and companies must be less than 3 years old to be eligible for this enhancement.

List of Participating Financial Institutions (PFI)


Contact Numbers

DBS Bank Ltd 1800 222 2200
Malayan Banking Berhad 1800 629 2265
Oversea-Chinese Banking Corporation Ltd 6538 1111
RHB Bank Berhad 1800 323 0100 /
6225 3111
The Bank of East Asia Ltd 6602 7848 /
6602 7849
The Hongkong and Shanghai Banking Corporation Ltd 1800 216 9008 /
6216 9008
United Overseas Bank Ltd 1800 226 6121

Finance Company

Contact Numbers

Hong Leong Finance Ltd 1800 3388 338

Other Financial Institutions

Contact Numbers

Ethoz Capital Ltd 6654 7799
IFS Capital Ltd 6270 7711
ORIX Leasing Singapore Ltd 6339 3622
^ Please note that Micro Loan may be subject to banks' credit approval

How to apply?

Before you apply

  1. Ensure that your business qualifies for the loan.
  2. Consult your banker or one of the Micro Loan Participating Financial Institutions. They will be able to give you professional advice and also assist your application.
  3. Prepare the supporting documents if your bank requires them :
    • a copy of your business profile from ACRA
    • audited accounts or certified financial statements
    • bank statements
    • personal income tax assessment of owners and directors
  4. Meet with your banker or financial institution. Bring the supporting documents for the meeting.

Applying for Micro Loan

  1. Download the application form and the application form guide. Find out from the lender what supporting documents you need to attach.
  2. Submit the Application Form with the supporting documents.
  3. Wait 3 weeks for the bank or financial institution to reply. Processing of applications may be longer depending on the size of the loan and other factors.

Upon successful application

  1. Receive funds from the bank or financial institution.
  2. Keep proper records of repayments. Repayments start 1 month after disbursement of the loan.
  3. Ensure you make repayments on time.
Need Assistance?

Contact EnterpriseOne

Hotline : (65) 6898 1800
Email :
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Last Modified Date :08 May 2014