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Exchange Rate: September 22, 2023 10:00 am
FDB Bank | USD 2105 : 2106
FDB Bank | EUR 2241 : 2243
FDB Bank | SGD 1537 : 1539
FDB Bank | THB 57.93 : 58.27
FDB Bank | MYR 446.30 : 448.95
FDB Bank | JPY 14.15 : 14.22
FDB Bank | CNY 286.60 : 288.30

It takes money

to make money.

SME

SME term loan is available to SMEs in manufacturing, wholesale, retail, service, SME industrial units,
traders, exporters, importers, and other business enterprises (frequent cash flow and outflow) with a maximum loan tenor of maximum five years.

The SMEs loan is designed specifically to assist SMEs in raising working capital or expanding production
capacity.

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).

Fees

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

Eligible Borrower

  • Minimum business operation of 1 year with YCDC license or DICA registered local company Or must have proper business license.
  • Good business performance and financial 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/ YCDC license
  • If company: DICA certificate of incorporation and company extract, company constitution Resolution, import/export license.
  • If SMEs member: SMEs member card

  • Financial records (at least 2 years)
  • Income tax invoices (for the last fiscal 2 years)
Apply Now