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Exchange Rate: July 26, 2024 10:00 am
FDB Bank | USD 3369 : 3378
FDB Bank | EUR 3654 : 3664
FDB Bank | SGD 2508 : 2515
FDB Bank | THB 101.10 : 101.30
FDB Bank | MYR 722.00 : 725.00
FDB Bank | JPY 22.00 : 22.10
FDB Bank | CNY 481.00 : 482.00

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)
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