mmen
Exchange Rate: November 21, 2024 10:00 am
FDB Bank | USD 3583 : 3592
FDB Bank | EUR 3793 : 3803
FDB Bank | SGD 2674 : 2681
FDB Bank | THB 127.30 : 127.50
FDB Bank | MYR 802.00 : 805.00
FDB Bank | JPY 23.00 : 23.10
FDB Bank | CNY 531.80 : 532.80

Commercial Term Loan (Secured)

With appropriate financing, we will help you to grow your business and ensure that we provide you with the necessary financial support required for your business to operate properly.

Interest Rate

  • From 10% per annum to 13.5% per annum.
  • Interest calculation will be based on daily basis. The interest rate is variable rate pegged to a base rate i.e., the Central Bank’s Policy Rate.
  • Subject to maximum rate that can be charged according to the Central Bank.

Loan Tenor

  • Short Term (up to 1 year)
  • Medium Term (up to 3 year)
  • Long Term (up to 5 years)

Repayment

  • Monthly Amortization (EMI)
  • Monthly interest and Principal yearly

Fees

  • One-time of application fee 1% on loan amount. (Application fees may be deducted from the loan amount).

Eligible Borrower

  • Minimum business operation of 3 years
  • A valid business license to operate and local businesses registered with DICA.
  • Minimum 3 years of successful operation and a solid track record.
  • Must meet other criteria specified by FDB Bank.

Collateral

  • Land and Building
  • Cash collateral (Deposit)
  • Bond
  • Gold bars

Required Documents

  • NRC (Original/Copy)
  • House Hold Registration (Original/Copy)
  • Residence Recommendation from ward office
  • Applicant’s license one photo

  • Business license
  • DICA certificate of incorporation and company extract, company constitution
    Resolution, import/export license.

  • Financial records (at least 3 years)
  • Income tax invoices (for the last fiscal 3 years)
Apply Now