New Facility at interest rate of 0.1% to help banks and finance companies lower cost of loans to SMEs

MR No.: 029/20

Singapore, Monday, 20 April 2020

The Monetary Authority of Singapore (MAS) has launched the MAS SGD Facility for ESG Loans in partnership with Enterprise Singapore (ESG), to lend Singapore Dollars (SGD) at an interest rate of 0.1% per annum to eligible financial institutions, to support their lending to SMEs under the ESG Loan Schemes. The ESG Loan Schemes comprise the Enhanced Enterprise Financing Scheme - SME Working Capital Loan and the Temporary Bridging Loan Programme.

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