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Local Enterprise Finance Scheme (LEFS)

Financing Schemes

This scheme provides a loan quantum of up to $15 million for all locally owned companies. The company may use the loan for automating and upgrading factory and equipment, and/or purchasing factory and business premises (only JTC Corporation or Housing & Development Board properties). Expanded to include financing of more types of construction equipment and heavy vehicles.  Expanded to include financing of more types of construction equipment and heavy vehicles.


You may apply for the Local Enterprise Finance Scheme if your company is locally-owned, with at least 30% local equity.

How to apply?

Before you apply

  1. Ensure that your business qualifies for the loan.
  2. Consult your banker or one of the LEFS Participating Financial Institutions. They will be able to give you professional advice and also assist your application.
  3. Prepare the supporting documents if your bank requires them :
    • a copy of your business profile from ACRA
    • audited accounts or certified financial statements
    • bank statements
    • personal income tax assessment of owners and directors
  4. Meet with your banker or financial institution. Bring the supporting documents for the meeting.

Applying for LEFS

  1. Obtain an Application Form from your banker or financial institution. Find out from the lender what supporting documents you need to attach.
  2. Submit the Application Form with the supporting documents.
  3. Wait 3 weeks for the bank or financial institution to reply. Processing of applications may be longer depending on the size of the loan and other factors.

Upon successful application

  1. Receive funds from the bank or financial institution.
  2. Keep proper records of repayments. Repayments start 1 month after disbursement of the loan.
  3. Ensure you make repayments on time.

Participating Financial Institutions

Banks Contact Numbers
DBS Bank Limited 1800 222 2200
The Hongkong and Shanghai Banking Corporation Limited 6216 9000
Indian Bank 6309 4379
Maybank 6550 7888
Oversea-Chinese Banking Corporation Limited 6538 1111
RHB Bank 6323 2001
Standard Chartered Bank 1800 743 3000
United Overseas Bank Limited 1800 2266 121
Finance Companies Contact Numbers
Hong Leong Finance Limited 6415 9640
Sing Investments & Finance Limited 6305 0285
Singapura Finance Limited 6880 0633
Other Financial Institutions Contact Numbers
IFS Capital Limited 6270 7711
ETHOZ Capital Ltd 6654 7799
ORIX Leasing Singapore Ltd 6339 3622

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