Apply For The Loan

Apply for the loan quickly and easily, and hassle-free, through Finnacle Capital Solutions. Let us review the various steps involved in the process.

Finnacle is not a bank or lender, and we do not provide the loan directly. Finnacle interfaces with 21 leading banks and lending institutions in Singapore as a loan processing provider.

Finnacle works with contacts in the loan processing departments of these institutions. This means that you can expect quicker turnaround times in terms of loan application processing, document collection and forwarding, and getting the final verdict on whether your business loan application is sanctioned or not.

For the loan application process, we suggest that you first get a FREE credit assessment done with us. This ensures that we align your expectations with the ground reality in terms of your loan eligibility, matching loan products, maximum loan amount that will be feasible, expected interest rates, expected repayment period, etc.

Once this is done, our team of financing specialists will be able to map the right bank or lender with your requirements and proceed with the actual loan application process.

The usual eligibility requirements for business loans in Singapore are as below:

• Being registered as a Sole Proprietor, Partnership, or Private Limited Company
• Operating in Singapore
• 50% or more shareholding is held by a Singaporean or PR holder
• The business is in operation for a minimum of 3 years

In terms of documentation, we will identify all the necessary documents which will be required for the loan processing. We will work closely with you in helping you provide the ideal documentation, so that the bank or lender does not have to come back to you and ask for further documentation, which may delay the entire loan approval process.

The usual documentation requirements for business loans in Singapore are as below:

• Copies of ID Cards / Passports of the Sole Proprietor / Partner / Principal / Director
• Company’s operating bank current account statements for the past 6 months
• 4 quarters’ GST (Goods & Services tax) returns statements (if applicable)
• Copy of Income Tax Notice of Assessment of Sole Proprietors / Partner

All things considered, we will be able to ensure that we get your business loan application processed in just 8 working days.

That said, we also need to clarify that Finnacle does not take any responsibility for ensuring that your loan application is successful. We are not in the business of guaranteeing a business loan.

What we do at Finnacle is to work closely with our clients in determining their current situation, understanding their working capital needs, and then guiding them on various aspects of the loan application process such as, but not limited to:

• Meeting Eligibility Criteria
• Providing Required Documentation
• Quoting the Loan amount they are better eligible for
• Suggesting the best loan product and lender that will meet their needs

Finnale cannot help in terms of providing documents or trying to pressurize our banking contacts into getting loans approved.

Finnacle is also not a bank or lending institution, so we cannot provide any business loans directly.

At the end of the day, the chances of your business loan getting sanctioned is better off if you navigate through Finnacle, because we understand the loan industry very well, and can give you the right guidance on whether your loan application will be successful even before your papers reach the work desk of a banker or lender.

You can get in touch with us to start the business loan application process.