For Micro Term Loans, you do not need to pledge any cash or property collaterals to support the loan. For Term Loans, the requirement for collaterals will be assessed on a case-by-case basis.
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GLDB Term Loans
GLDB
Term Loans
Term Loans
Non-revolving financing solution for daily operations, working capital boost and business expansion
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Last updated on 30/09/2022
What is a Term Loan?
Looking for...
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More working capital financing to fuel your business’s growth and expansion?
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A way to ease up cash flow pressures?
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A non-revolving credit line?
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Collateral-free financing up to SGD 300K at competitive interest rates?
Look no further.
A Term Loan is a working capital financing solution which can be used to fund your daily operations, support your business expansion or even finance upgrades and automation initiatives. Term Loans are non-revolving in nature. The loan amount can be repaid over the loan tenor via monthly instalments thereby reducing cash flow pressure on your company. The maximum tenor for a Term Loan is up to 2 years.
GLDB also offers Micro Term Loans which are term loans up to SGD 300K. Micro Term Loans are unsecured in nature (i.e. no collaterals are required apart from personal guarantees). The maximum tenor for a Micro Term Loan is also up to 2 years.
No collaterals required
Attractive interest rates
Loans are priced based on your company’s credit standing and collaterals (if required); Enjoy loan pricing from 5.00% per annum for unsecured term loans and 4.00% per annum for secured term loans.
Easy, convenient and fast application
Hassle-free digital loan application with quick turnaround time on approval result.
If you would rather have the flexibility to mobilise operating expenses quickly for the shorter term, check out GLDB’s Overdraft facility. Otherwise, look into GLDB’s Receivables Financing solution if you would like to release funds that are locked up as unpaid invoices and convert them into valuable working capital.
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FAQS
01
Q.
How can I be eligible for Term Loans?
02
Q.
How much financing can I get?
03
Q.
What is the maximum financing tenor?
04
Q.
What are the interests and fees involved?
05
Q.
Am I allowed to prepay my Term Loans with GLDB?
06
Q.
What are the documents required?
Important Notice
The information published by Green Link Digital Bank Pte Ltd (“GLDB”) is for information only. The information contained in the materials on the Website are intended for general circulation only and should not be used as a basis for making any business or financial decisions. Notwithstanding anything in this website, your eligibility for all products and services on this website is subject to acceptance by GLDB. The contents of this website, including the terms and conditions, are subject to change and may be modified, deleted or replaced from time to time and at any time at the sole and absolute discretion of GLDB.Our Banking Solutions
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Security advisory to protect yourselves and avoid falling victim to scams. 1. Do not provide personal information, bank account information (including User IDs, Passwords and OTPs) to people you have never met. 2. Do not accept any requests from online acquaintances or unknown persons for bank transfers. Practise good cyber hygiene to minimise the risk of cyber threats. 3. Do not click on links or open attachments found in suspicious looking emails or SMSes. Ensure that your email account has not been compromised. 4. Ensure that your bank account is used only for your corporate banking needs and do alert the bank immediately if you find any discrepancy or unauthorised transaction on your bank statements. If you suspect that you have responded to a scam and disclosed your personal or bank account information, please email GLDB at FraudReporting@glbank.com.
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Security advisory to protect yourselves and avoid falling victim to scams.
1.
Do not provide personal information, bank account information (including User IDs, Passwords and OTPs) to people you have never met.
2.
Do not accept any requests from online acquaintances or unknown persons for bank transfers. Practise good cyber hygiene to minimise the risk of cyber threats.
3.
Do not click on links or open attachments found in suspicious looking emails or SMSes. Ensure that your email account has not been compromised.
4.
Ensure that your bank account is used only for your corporate banking needs and do alert the bank immediately if you find any discrepancy or unauthorised transaction on your bank statements. If you suspect that you have responded to a scam and disclosed your personal or bank account information, please email GLDB at FraudReporting@glbank.com.
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