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Micro Loan

The Micro Loan Programme is a SPRING Singapore scheme which offers local Small and Medium Sized Enterprise (SMEs) loans for daily operations or for automating and upgrading factory facilities and equipment.


The maximum tenure for this loan is four years and the interest rate is at 5.5% per annum.


The maximum loan exposure under this programme is S$100,000 per company. Overall, this is subject to the company's total Micro Loan exposure of not more than S$100,000 across all participating financial institutions. If the company currently has existing Micro Loan of S$100,000 with any of the participating financial institutions, it will not be eligible for the Micro Loan Scheme.