The Enterprise Financing Scheme (EFS) is a series of schemes, not a specific loan type. For example, the SME Fixed Asset scheme supports three types of loans: hire purchase, construction loan, and property/land loan. Meanwhile, the Project Loan scheme also covers construction loans but is intended specifically for construction enterprises. For the most updated details, please refer directly to Enterprise Singapore's official website.
We have included EFS as a "loan type" on our platform because many users were searching for it and found it strange not to be able to locate it. So, please continue by choosing the actual loan type (or visit our glossary for further guidance on the various loan types) you are looking for, where you can also enquire with our other financing partners who are not PFIs but offer similar loan types.
Since Enterprise Singapore shares the loan default risk with Participating Financial Institutions (PFIs), they may, in theory, offer higher loan amounts, longer tenures, or lower rates compared to their usual in-house rates. However, it's important to remember that it is still the same underlying loan type.