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Loan Insurance Scheme (LIS)
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Loans & Insurance
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  • Internationalisation Finance Scheme (IFS) - Non-Recourse
  • Loan Insurance Scheme (LIS)
  • Political Risk Insurance Scheme (PRIS)
  • Trade Credit Insurance Scheme (TCIS)

Loan Insurance Scheme (LIS)

Overview

About

Enterprises can secure short-term trade financing loans via the Loan Insurance Scheme (LIS) from Participating Financial Institutions (PFI).

Loans are insured by commercial insurers which co-share loan default with the PFI in the event of enterprise insolvency. A portion of the insurance premium is supported by the Government. As announced at Supplementary Budget 2020, support for the LIS insurance premium will be increased to 80% (from 50%) until 31 March 2021.

Enterprises can apply for the LIS to secure short-term trade financing for the purpose of:

  • Inventory/ stock financing facility
  • Structured pre-delivery working capital
  • Factoring/ bill or invoice or accounts receivable discounting with recourse
  • Overseas Working Capital Loan
  • Banker's Guarantee

Eligibility

Companies applying for the LIS should meet the following criteria:

  1. Be a business entity that is registered and physically present in Singapore, and
  2. At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership, and
  3. Group revenue of up to S$100 million or maximum employment of 200 employees.

Apply

Interested enterprises may approach any of the following Participating Financial Institutions (PFI) to apply for trade loan backed LIS.

List of Participating Financial Institutions:

Bibby Financial Services (Singapore) Pte Ltd
6922 5030
CIMB Bank Berhad
6438 7888
DBS Bank Ltd
1800 222 2200
Hong Kong and Shanghai Banking Corporation
1800 216 9008 / 6216 9008
Hong Leong Finance Ltd
1800 3388 338
Maybank Singapore Ltd
1800 777 0022
Oversea-Chinese Banking Corporation Ltd (OCBC Bank)
6538 1111
RHB Bank Berhad
1800 323 0100
Standard Chartered Bank
1800 743 3000
The Bank of East Asia Ltd
6602 7848 /6602 7849
United Overseas Bank Ltd
1800 2266 121

  • LIS is administered directly by the PFIs.
  • Applications must be submitted to any of the PFIs listed above.
  • PFIs will advise enterprises on the required documentation in completing the application process.
  • Loan approval is subject to PFI’s approval.

FAQ

Click here for frequently asked questions on LIS.

 

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(Last updated on 06 April 2020 14:37:35)