Business Loan

Business Loan

Financing options you can tailor to your business

Regardless of how long you have been in business, you may suffer a degree of the recession in your business. Due to some reasons that you find it difficult to explain, your seemingly successful business may face financial challenges.

If you are witnessing this, taking a business loan from Raffles Credit is the way out. We offer you the best Business loan to give your business a soft landing or the resources to revive it.

Before you apply for our loan, check the qualification criteria for all loan borrowers and see whether you are qualified for the loan.

Business Loan Qualification Criteria

These are the few qualification criteria you must satisfy before you can get the loan:

  • Your business must be registered in Singapore.
  • You must have been in the business for a minimum of one year
  • Minimum Turnover of $60,000

If you meet these conditions, you also need to submit some important documents for verification.

Moneylender Agent
Moneylender Agent

Documents for Verification​

  • ALL Directors / Partners NRIC
  • Recent Information report (Business Profile) from the Accounting & Corporate Regulatory Authority (ACRA)
  • Recent Income tax assessment notice (Both personal & company)
  • Recent Financial Statement
  • Recent Invoices or Business Contracts
  • Recent Utility bills under the company name
  • Recent 6 months bank statements
  • List of Assets Own by the Company, Directors & Partners (If Any)
  • Office / Shop Tenancy Agreement (If Any)
  • Singpass (To Download IRAS NOA)
If you are still contemplating whether to go for the loan or not, consider some of the benefits of taking advantage of Raffles Credit Business Loan:
  • Attractive interest

    The interest rates charged are attractive enough for you because we make the rates relatively low for customers’ convenience.
  • Collateral-free

    Since we understand that a lack of collateral may serve as an impediment for business people who are really in need of this loan, we make it collateral-free. If you need this financial assistance, apply for it without delay without any collateral.
  • Quick approval

    The company will not keep you waiting and in suspense, approval of loan applications for qualified borrowers is not delayed so they can quickly invest in their business. If you are qualified, your loan application may be approved in less than an hour.
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