Enterprise Financing Scheme (EFS) is a series of schemes, not a loan type. For example. The “SME Fixed Asset” is essentially a scheme for 3 types of loans: Hire Purchase, Construction Loan and Property/Land Loan. While the “Project loan” also has a construction loan, it is meant for construction enterprises. Please visit ESG’s website for the most updated information.
So please continue by selecting the actual loan type that you are looking for or visit our glossary for more.
As Enterprise Singapore will share the loan default risk with the Participating Financial Institutions (PFI), in theory, the PFIs may offer a lower rate than their in-house rate. You can also enquire from our other Financing Partners that are not Participating Financial Institutions that offer the same loan type, as you never know until you really compared them. Furthermore, besides looking for just the cheapest interest rate, the tenure and payment methods are things you should take into consideration as well. To learn more, read our FAQ on how to compare loans.
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