As part of our commitment to help SMEs, Maybank is a participating financial institution for the Local Enterprise Finance Scheme (LEFS) administered by SPRING Singapore. Companies that require funds for automation, upgrading or purchase of equipment and/or premises can apply for loans of up to S$15 million.

The types of loans available under LEFS are

• Factory loan
• Machinery term loan/Machinery hire purchase

Benefits

• Access to financing for automation, upgrading, equipment hire purchase and property purchase (only JTC Corporation or Housing & Development Board properties)
• Loan limit of up to S$15 million

Who can apply

SMEs

• Registered or incorporated in Singapore
• At least 30% of your shareholding is local
• Group^* Annual Sales Turnover of not more than $100 million; OR Group^* Employment Size not exceeding 200

Required documents

• Last 2 years' audited accounts or certified financial statements
• Last 3 months' bank statements
• Copy of NRIC (front and back) of owners/directors/partners/sole proprietor/guarantor(s)
• Latest personal Income Tax Notice of Assessment of owners/directors/partners/sole proprietor/guarantor(s)

Please refer to the application form for the complete list.

To apply, simply complete the Application Form (LEFS Loan) (PDF) and Commercial Loan Application Form (PDF), and send them in with the required documents.

For more information, call 1800-MAYBANK (1800-629 2265), or make an appointment online with our Relationship Managers today.