A business loan from a licensed moneylender is tailored to support SMEs and startups in Singapore with working capital, inventory purchases, or equipment financing. Fast Money’s Business Loan offers quick approval and flexible amounts to help entrepreneurs access funds for business growth or unexpected expenses.
Eligibility Criteria
- To qualify, your business usually needs to:
- Be registered and operating in Singapore.
- Be owned by individuals aged between 21–65.
- Generate consistent revenue.
- Maintain sound personal/business credit history.
- Submit documents like business registration, bank statements, income proof, and shareholders’ details.
Key Features
- Quick processing: approvals and disbursement typically within 24–48 hours.
- Unsecured options: no collateral required.
- Flexible use: for equipment, salaries, rent, or inventory.
- Transparent costs: interest and fees are capped by law.
Application Process
- Apply online or at a Fast Money branch.
- Submit documents (business and financial).
- Loan assessment within 24–48 hours.
- Approval notification via SMS and email.
- Disbursement on the same or next working day.
Costs & Fees
- Interest: typically up to 4% per month on outstanding balance.
- Admin/Origination fee: generally up to 10% of loan amount.
- Late payment or handling fees may apply as per lender’s policy.
LOC Vs. Personal Vs. Business
| Feature | Business Loan (Moneylender) | Personal Loan |
| Use-case | Business expenses | Personal needs |
| Collateral | Usually unsecured | Unsecured |
| Interest rate | Up to 4% p.m. | Up to 4% p.m. |
| Loan amount cap | Up to 6× monthly revenue | Up to 6× monthly income |
| Tenure | 3–36 months (typically) | 3–72 months |
Fast Money offers quick, flexible business loans in Singapore so you can focus on building your business with confidence. Check your business loan eligibility and estimate repayments using our calculator now.
