Financial companies play a huge role in any economy. Individuals and companies rely on these financial institutions for transactions and investing. However, the financial service industry offers plenty of other services aside from deposits and credit card issuance.
Financial companies in Singapore have similar business models to commercial banks. They are in the business of money and asset management, investment management, lending, insuring, and more. These financial institutions are licensed under and governed by the Finance Companies Act.
Financial institutions are part of the financial service sector that offers their services to the government, SMEs, and non-profit organizations. Some of their financial services include merchant banking, corporate banking services, loans to build infrastructure, asset liability management, housing finance, mutual funds, and more.
1. Singapura Finance – Best for Personal and Businesses
With half a century of experience in the financial services industry, Singapura Finance continues to provide innovative and top-quality financial services. Their services and products are catered to both the everyday man as well as large and small businesses.
Since its incorporation in 1959, Singapura Finance is one of the pioneers of long-term housing loans and has become the leading financial services group offering continuously evolving financial services.
Highlights
- Offers personal and corporate services.
- Equipment and machinery financing, business loan and business overdraft, and enterprise financing scheme
- For personal use, you can open a savings account, fixed deposit, or avail financing such as for property/HDB housing
Price Range
- Reach out to Singapura Finance for a price quote
Contact Information
- Website:
https://www.singapurafinance.com.sg/ - Phone:
+65 6880 0668 - Address:
– 150 Cecil Street #01-00, Singapore 069543
– Blk 711 Ang Mo Kio Avenue 8 #01‑3501D Singapore 560711
– Blk 302 Woodlands Street 31 #01‑271 Singapore 730302 - Operating Hours:
Weekdays: 9:00 am to 5:00 pm
2. Hong Leong Finance – Best For Corporates
Boasting 60 years of outstanding track record, Hong Leong Finance is the largest finance company in Singapore. It has a network of 28 branches and 12 SME Centres islandwide. They were ranked the “Best Performing Bank in Singapore” and “Top 1000 World Banks” for 2021.
Hong Leong Finance’s core business involves taking deposits and savings from the public as well as offering financing solutions and services. Their services include corporate and consumer loans, government assistance for SMEs, corporate finance, and more.
Highlights
- The largest finance company in Singapore
- First to launch a Business Current Account in 2007
- Provides financial advisory and fundraising services to SMEs aiming to list on SGX Catalist Board
Price Range
- Reach out to Hong Leong Finance for a price quote
Contact Information
- Website:
https://www.hlf.com.sg/ - Phone:
+65 6579 6777 - Address:
– Main Branch: 16 Raffles Quay, #01-05, Hong Leong Building, Singapore 048581
– Ang Mo Kio Ave 1 Branch: Blk. 338, Ang Mo Kio Ave. 1, #01-1641, Singapore 560338
– Balastier Branch: 288 Balestier Road, #01-02, Balestier 288, Singapore 329731 - Operating Hours:
Weekdays: 9:00 am to 4:30 pm
3. Nomura Singapore – Best for Investment Banking
The ultimate holding company of Nomura Singapore is Nomura Holding, Inc. (NHI). NHI’s shares are listed on the Tokyo Stock Exchange, the Singapore Stock Exchange, the Amsterdam Stock Exchange, and the New York Stock Exchange.
Nomura is a global financial services company with a network spanning over 30 countries and regions. They have three business divisions – Retail, Wholesale, and Investment Management. Nomura provides services for individuals, institutions, corporations, and governments.
Highlights
- Provides a full range of services to both institutional and private clients.
- Provide highly personalized financial services to their high net-worth private clients
- Offers corporate and investment banking
Price Range
- Reach out to Nomura Singapore for a price quote
Contact Information
- Website:
https://www.nomuraholdings.com/ - Phone:
+65 6433 6288 - Address:
– 10 Marina Boulevard Marina Bay Financial Centre Tower 2, #36-01 Singapore 018983 - Operating Hours:
Weekdays: 9:00 am to 5:30 pm
4. AV Capital – Best for Business Capital Raising
Founded in 2001, AV Capital provides strong investment banking capabilities to private and publicly listed companies. They are a corporate finance advisory firm led by experienced executives who are focused on deal-making and capital raising in international markets. This firm specializes in mergers and acquisitions, capital raising, business valuation, and corporate restructuring.
Highlights
- Emphasizes international business
- Have access to an extensive network of senior business contacts and access to many family business groups in the Asia Pacific Region
- Specializes in Mergers and Acquisitions, Capital Raising, Strategy Consulting, and more.
Price Range
- Reach out to AV Capital for a price quote
Contact Information
- Website:
https://www.avcapital.com.sg/ - Phone:
+65 6274 1391 - Address:
– 105 Cecil Street #24-02 The Octagon, Singapore 069534 - Operating Hours:
Weekdays: 9:00 am to 6:00 pm
5. DBS Bank – Best for Investment Banking
DBS Bank is Singapore’s leading international banking group and a premiere financial institution. DBS serves not only private individuals but SMEs and established companies as well. They offer tailored wealth management, SME banking, and a full range of financial services – both for their local and international clients.
Highlights
- Leading global investment banking
- Offers both consumer and commercial banking services
- Offers tailored wealth management services and SME banking
Price Range
- Depends on the financial service or product availed
Contact Information
- Website:
https://www.dbs.com.sg/index/default.page - Phone:
+65 6878 8888 - Address:
– DBS Asia Central @ Marina Bay Financial Centre Tower 3 Singapore 018982
– DBS South Bridge Branch @ 531 Upper Cross Street #01-51 Hong Lim Complex, Singapore 050531
– DBS Raffles Place Branch @ 22 Malacca St, #01-00 RB Capital Building, Singapore 048980 - Operating Hours:
Weekdays: 8:30 am to 4:00 pm
6. HSBC Singapore – Best for Wealth Management
HSBC has been one of the world’s leading financial institutions for over 150 years. With their investment capabilities, they have also become a leading global wealth manager covering equities, fixed income, hedge funds, real estate, and more. They are also known to provide tailored lending solutions, including mortgages and residential investments.
Highlights
- Offers international and investment financing
- Excellent online banking services
- Caters to home-based companies, private clients, and retail customers
Price Range
- Depends on the financial service or product availed
Contact Information
- Website:
https://www.hsbc.com.sg/com.sg/ - Phone:
+ 65 6227 8889 - Address:
– HBSC Claymore Branch @ 6 Claymore Hill #01-01 Singapore 229571
– HSBC Holland Village @ 263 Holland Avenue Singapore 278987
– HSBC Raffles Place @ 50 Raffles Place Singapore Land Tower #01-03 Singapore 048623 - Operating Hours:
Weekdays: 9:30 am to 5:00 pm
7. Sing Investments & Finance LTD – Best for Personal, Corporate / SME Financing
Incorporated in Singapore in 1964, Sing Invest & Finance Limited has more than 50 years of lending experience in the finance sector of Singapore. They have helped both individuals and corporations in achieving their business goals. Their services cover the acceptance of fixed and savings deposits as well as the provision of loans and credit facilities to individuals, SMEs, and corporations.
Highlights
- Helps SMEs and corporations by offering loans, such as Machinery Loans, Commercial Property Loans, Land and Construction Loans, and more.
- A participating financial institution for the government-backed SME Loans under the Enterprise Financing Scheme (EFS).
- Offers personal financing through housing/HDB loans and car loans
Price Range
- Depends on the financial service or product availed
Contact Information
- Website:
https://www.sif.com.sg/ - Phone:
+ 65 6305 0300 - Address:
– 96 Robinson Road #01-01, SIF Building Singapore 068899 - Operating Hours:
– Weekdays: 9:00 am to 4:00 pm
– Weekend: 9:00 am to 12:00 pm (Saturday)
8. IFS Capital – Best for Small and Medium Business Financing
IFS Capital is a respected financial services company in Singapore. Since its inception in 1987, It has provided financial solutions to SMEs, such as factoring, hire-purchase/leasing loans, government-assisted schemes, and trade/export finance.
Highlights
- Provides SME Working Capital Loan to complement business growth plans
- Buyer-led supply chain financing solution for your suppliers.
- Financing solutions, such as Accounts Receivable Purchase (domestic and export), for your working capital needs
Price Range
- Depends on the financial service or product availed
Contact Information
- Website:
https://www.ifscapital.com.sg/ - Phone:
+ 65 6270 7711 - Address:
– 10 Eunos Road 8 #09-04 Singapore Post Centre Singapore 408600 - Operating Hours:
Weekdays: 8:30 am to 6:00 pm
9. Deutsche Bank – Best for Corporate and Investment Banking
50 years ago, Deutsche Bank established its Singapore office and has now become one of the strongest investment banks in Singapore. It focuses on its strengths in Corporate Bank, Private Bank, and focused investment banking and asset management. Deutsche Bank addresses the needs of corporate clients, financial institutions, investors, and issuers.
Highlights
- A leading corporate and investment bank that offers services for corporate and commercial clients.
- Provides banking services to consumers, such as loans, mortgages, brokerage, asset management, private banking, and insurance services
- This investment and corporate bank focus on its traditional strengths in financing, advisory, fixed income, and currencies.
Price Range
- Depends on the financial service or product availed
Contact Information
- Website:
https://www.db.com/ - Phone:
+ 65 6423 8001 - Address:
– One Raffles Quay South Tower Level 17 Singapore 048583 - Operating Hours:
Weekdays: 9:00 am to 6:00 pm
10. SME Financial Services Pte Ltd – Best for SME Loan Solutions
Established in 2005, SME Financial Services Pte Ltd has helped plenty of small and medium-sized companies to access capital with ease. This financial institution provides inclusive financial services, boosting the finances of companies to stay afloat in the fast-changing market. Some of their services include right-fit financing, advisory, and loan solutions.
Highlights
- Provides right-fit financing to find the best loan solution for your company
- Corporate advisory services so you can operate a better organized and efficient organization
- Offers Covid-19 financing relief programs, such as government capital loans – SME Working Capital Loan and EFS Loans.
Price Range
- Depends on the financial service or product availed
Contact Information
- Website:
https://www.smesg.com/ - Phone:
+ 65 9750 0281 - Address:
– 2 Suffolk Road #19-02 Lucida Singapore 307780 - Operating Hours:
Weekdays: 9:00 am to 6:00 pm
At a Glance
This list of financial companies in Singapore offer a wide range of financial solutions – whether for individuals, businesses, and corporations. For personal and business loans, Singapura Finance is a good option. On the other hand, SMEs may benefit from the financial services offered by SME Financial Services Pte Ltd as well as IFS Capital.
|
Financial Company |
Best For |
Specialization |
Price Range |
|
Singapura Finance |
Personal and Business |
Personal and Business Loans |
Depends on the financial service or product availed |
|
Hong Leong Finance |
Corporates |
Deposits, Savings, and Financial Solutions |
Depends on the financial service or product availed |
|
Nomura Singapore |
Investment Banking |
Full range of services for corporate, institutions, and private clients |
Depends on the financial service or product availed |
|
AV Capital |
Business Capital Raising |
Mergers and acquisitions, capital raising, strategy consulting, and more |
Depends on the financial service or product availed |
|
DBS Bank |
Investment Banking |
Consumer and commercial banking services |
Depends on the financial service or product availed |
|
HSBC Singapore |
Wealth Management |
Tailored lending solutions, such as mortgages and residential investments |
Depends on the financial service or product availed |
|
Sing Investments & Finance LTD |
Personal, Corporate / SME Financing |
SME Loans under the Enterprise Financing Scheme |
Depends on the financial service or product availed |
|
IFS Capital |
Small and Medium Business Financing |
SME Working Capital and Small Business Loans |
Depends on the financial service or product availed |
|
Deutsche Bank |
Corporate and Investment Banking |
Corporate Bank, Private Bank, and focused investment bank and asset management |
Depends on the financial service or product availed |
|
SME Financial Services Pte Ltd |
SME Loan Solutions |
SME Working Capital Loan and EFS Loans |
Depends on the financial service or product availed |
Closing
Financial institutions (FI) serve most individuals, corporations, and even the government. Their financial operations play a critical part in any economy since individuals and companies rely on financial companies for transactions and investing. FIs offer a wide range of products and services for both individual and commercial clients.
Key Takeaways:
- Financing companies are in the business of money and asset management, investment management, lending, insuring, and more.
- These financial institutions are licensed under and governed by the Finance Companies Act.
- Financial institutions can help individuals as well as SMEs gain access to funds, such as personal loans or SME Working Capital Loan. Some FIs offer financing services in partnership with the Singapore Government.
Need financial assistance for your goals? Raffles Credit offers a wide range of loan solutions for your every need. Here at Raffles Credit, we offer tailored personal and small business loan Singapore plans at the lowest interest rates and flexible loan repayments. Use our online loan application facility today to instantly get the services you need.
