If you have a business plan, we want to help you turn it into a reality. Together with MicroCredit Business Scheme Programme Office, POSB would like to give you the head start to success with the MicroCredit Business Scheme (MCBS).
Loan to kickstart your business plan
Depending on your business needs, MCBS allows you to borrow from S$3,000 to S$50,000 with affordable interest rates of 8% - 12%, depending on the loan amount, to kickstart your business plan.
Better control of your finances
Spread your loan over fixed fortnightly installments of up to 120 months, depending on the loan amount. With a defer period of up to 6 months from the date of loan disbursement, you only need to start your repayment after that, giving you peace of mind to focus on starting up your business first.
Additional resources to assist you in business planning
MicroCredit Business Scheme Programme Office will also assist you in evaluating your business case to ensure its soundness and feasibility. You will also get to attend a training workshop prior to the loan approval to equip yourself with the basic skills of running a business.