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LEFS is administered by Standards, Productivity and Innovation Board (SPRING Singapore). We offer your company a full range of services under LEFS to meet your needs:
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Facilities
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Purpose
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Interest Rate
wef 1 Feb 2010
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| (a) |
Machinery Hire Purchase |
| (b) |
Machinery Term Loan / Hire Purchase |
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Modernise &
automate your operations with new or used machinery. |
| (a) |
Up to 4 years : 5.5% p.a. monthly rests. |
| (b) |
>4-8 years : 6.0% p.a. monthly rests. |
|
| Factory Loans |
Expand your existing manufacturing
capacity. |
Up to 4 years : 5.5% p.a. monthly
rests.
>4-10 years : 6.0% p.a. monthly rests. |
| Term Loan for Unencumbered Assets |
Working Capital |
Up to 4 years : 5.5% p.a. monthly rests. |
Variable LEFS (V-LEFS) on variable rates are also available.
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Eligibility Criteria under LEFS
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Eligibility Criteria under LEFS
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For SMEs |
For non-SMEs |
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Your company must have at least 30% local shareholding. |
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If your company is in the manufacturing sector, your GROUP fixed asset investment must not exceed S$15 million. |
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If your company is in the service or construction sector, your GROUP number of employees (CPF paid) must not exceed 200. |
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Your company must have at least 30% local shareholding. |
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No cap on GROUP fixed assets. |
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No cap on number of employees. |
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LEFS is also extended to PUBLICLY-LISTED SMES and THEIR SUBSIDIARIES. They will have to meet the current LEFS eligibility criteria to qualify for LEFS financing. However, they will NOT be eligible to apply for the Micro Loan Programme (as this is meant for the small SMEs) even if they meet the criteria for Micro Loan Programme.
Grace Period for Interest Servicing
A maximum of 24 months grace period can be allowed for the Short Term Equipment Term Loan/ Equipment Hire Purchase and grace period of up to 36 months for Factory Loan for the servicing of interest only.
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