The EFS option only applies the current published S$500,000 maximum loan quantum and 5-year maximum repayment period as a planning check. It does not determine scheme eligibility or approval.
Enter the rate quoted or assessed by your lender. EnterpriseSG does not set a universal EFS interest rate; participating financial institutions price loans based on their risk assessment.
Disclaimer: Planning estimate only, not a loan offer or approval. Actual business-loan pricing, fees, repayment structure, collateral/security, guarantees and eligibility depend on the lender and facility terms.
What Is a Singapore Corporate Business Loan Calculator?
A Singapore Corporate Business Loan Calculator estimates the repayment and borrowing cost of a business loan.
Enter the loan amount, annual interest rate, tenure and any upfront fees. The calculator then shows the estimated monthly instalment, total interest and total financing cost including the entered fees.
You can select a standard corporate loan or use the Enterprise Financing Scheme reference option as a basic planning check.
The result is not a loan offer or approval. Actual pricing and eligibility depend on the participating lender’s assessment.
For a general loan calculation that is not specifically designed around a business facility, use the Bank Loan Calculator Singapore.
How to Use the Calculator
Complete each field using the quotation or scenario you want to assess.
Loan or Reference Type
Select the relevant option:
- Standard corporate or business loan
- EFS reference check
The standard option calculates repayments using the entered loan details.
The EFS option also checks the entered amount and tenure against the published SME Working Capital Loan maximums. Passing this basic check does not mean the business qualifies for the scheme.
Loan Amount
Enter the amount the business wants to borrow in Singapore dollars.
Use the actual facility amount, not the total value of the business project. The lender may approve a lower amount after reviewing the company’s finances and credit risk.
The Loan Eligibility Calculator Singapore is a separate property-loan servicing screen. It should not be used to decide eligibility for a corporate facility.
Annual Interest Rate
Enter the annual rate quoted or assessed by the lender.
For example, enter 5.5 for 5.5% per year. The calculator does not retrieve live business-loan rates.
Enterprise Singapore does not set one universal interest rate for EFS facilities. Participating financial institutions price loans based on their risk assessment.
Tax is also separate from loan repayment. Use the Singapore Tax Calculator for a different tax-related estimate.
Loan Tenure
Enter the repayment period in years.
A longer tenure usually reduces the monthly instalment but increases the total interest paid. The lender may offer a shorter period based on the facility type, company profile and credit assessment.
Upfront Processing or Facility Fee
Enter the processing or facility fee as a percentage of the loan amount.
Leave the field at zero when no percentage fee applies.
Other Upfront Fee
Enter any additional fixed upfront fee in Singapore dollars.
Examples may include an administration or documentation charge when stated by the lender. Do not guess an amount that has not been quoted.
Press Calculate Business Loan after completing the fields.
Monthly Business Loan Formula
The calculator uses a monthly reducing-balance instalment formula:
Monthly instalment = P × i × (1 + i)^n ÷ [(1 + i)^n − 1]
Where:
- P is the loan amount
- i is the annual interest rate divided by 12
- n is the total number of monthly repayments
Total interest is calculated as:
Total interest = Monthly instalment × number of months − loan amount
The percentage processing fee is:
Processing fee = Loan amount × entered fee percentage
Estimated borrowing cost including fees is:
Total interest + processing fee + other entered upfront fee
The calculator assumes equal monthly repayments and a constant rate. A lender may use a different repayment structure or calculation method.
Business Loan Calculation Example
Suppose a company enters:
- Loan type: Standard corporate or business loan
- Loan amount: S$250,000
- Annual interest rate: 5.5%
- Loan tenure: 3 years
- Processing fee: 1%
- Other upfront fee: S$500
Using the monthly reducing-balance formula, the estimated monthly instalment is:
S$7,548.98
There are 36 monthly repayments.
Estimated total interest:
S$7,548.98 × 36 − S$250,000 = approximately S$21,763.12
Processing fee:
S$250,000 × 1% = S$2,500
Total entered upfront fees:
S$2,500 + S$500 = S$3,000
Estimated borrowing cost including entered fees:
S$21,763.12 + S$3,000 = S$24,763.12
Total cash outflow including principal would be approximately S$274,763.12.
Rounding and lender-specific repayment dates may create a small difference.
How the EFS Reference Option Works
The Enterprise Financing Scheme includes different financing facilities. The calculator’s EFS reference option relates only to the SME Working Capital Loan planning limits programmed into the tool.
The current published limits are:
- Maximum loan quantum: S$500,000 per borrower
- Maximum repayment period: Five years
The company remains responsible for repaying 100% of the loan. Government risk-sharing does not turn part of the loan into a grant or remove the borrower’s repayment obligation.
The interest rate remains subject to the participating financial institution’s risk assessment.
EnterpriseSG publishes the current loan details, eligibility conditions and participating financial institutions.
Who May Qualify for EFS-WCL?
The official scheme includes conditions such as:
- The business must be registered and operating in Singapore.
- It must have at least 30% local equity held directly or indirectly by Singapore citizens or permanent residents.
- Group annual sales turnover must not exceed S$500 million.
- For SME Working Capital, group revenue must be up to S$100 million or group employment must not exceed 200 employees.
Meeting these conditions does not guarantee approval. The participating lender performs its own credit assessment.
The calculator does not request the information needed to test these requirements.
What the Calculator Cannot Determine
The calculator does not evaluate:
- Scheme or lender eligibility
- Credit history
- Business revenue or cash flow
- Profitability and financial statements
- Local shareholding
- Group turnover or employment size
- Collateral and security
- Director or shareholder guarantees
- Variable interest rates
- Early-repayment charges
- Late-payment fees
- Approval probability
A company’s corporate tax is also not part of the loan calculation. Use the Corporate Tax Calculator Singapore separately for an estimate based on chargeable income and the tax settings available there.
Common Business-Loan Mistakes
Avoid these common mistakes:
- Treating an EFS reference check as approval
- Assuming EnterpriseSG sets the interest rate
- Thinking risk-sharing reduces the borrower’s repayment obligation
- Ignoring processing and facility fees
- Comparing loans using only the monthly instalment
- Choosing a longer tenure without checking total interest
- Omitting guarantees, collateral or early-repayment conditions
- Treating the calculator result as a lender quotation
Business assets may support a wider financial review, but this calculator does not value them. The Gold Price Calculator Singapore estimates entered gold value and does not determine business-loan eligibility.
Other Singapore-focused tools are available through the Calculator Singapores homepage.
Frequently Asked Questions
Q1: Does the calculator approve a business loan?
A: No. It provides a repayment estimate only. The lender decides eligibility and approval.
Q2: Does EnterpriseSG set the EFS interest rate?
A: No. Participating financial institutions determine pricing based on their risk assessment.
Q3: What EFS limits does the calculator check?
A: It checks the S$500,000 SME Working Capital Loan quantum and five-year maximum repayment period.
Q4: Does government risk-sharing reduce the amount I must repay?
A: No. The borrower remains responsible for repaying 100% of the loan.
Q5: Are upfront fees included?
A: Yes, when you enter the percentage facility fee and fixed other fee.
Q6: Does the calculation include variable rates?
A: No. It assumes the entered annual rate remains constant throughout the tenure.
Q7: Can the actual repayment differ?
A: Yes. Lender pricing, repayment structure, fees, rounding and facility terms may produce a different result.