Get A Business Loan in Singapore
Looking for the best business loan in Singapore? Know what type of products really suit your business need.
From IT equipment to cranes, you will able to get up financing to purchase. Fast and effective in getting this as a way of secured loans.
Equipment financing for SME is a significant financial solution.
The owner of the assets- “the Lessor” gives “the Lessee,” the right to use the asset for a regular payment.
Assets such as vehicles, equipment or software are usual lease financing in Singapore.
The payment, known as lease rental, allows the lessee to use the asset, which remains the possession of the Lessor for the contract period.
At the end of the period, the lessee either returns the asset, takes up the option to purchase at a new residual price, or, enters into a new lease agreement.
The low interest is often a better option than using cash to purchase items. It allows the lessee to purchase expensive equipment over a period, thus alleviating the necessity of finding a significant amount of upfront cash.
Up to 100% financing of the cost of equipment
Loan term up to 5 years
2 to 4 weeks of processing time
Easier leasing finance with poor credit rating
Lower interest compared to unsecured business loan