Internationalisation Finance (IF) Scheme

Interest Rates
The participating financial institutions (PFIs) shall determine whether these shall be fixed or floating

Repayment Period
The repayment schedule including any provision of grace period shall be determined by the PFI, provided that the loan tenure does not exceed the maximum loan period set out above for each of the various facilities.  Any grace period extended shall be treated as part of the loan tenure

Loan Limit
The maximum loan extended to the company on a group basis shall not exceed $15 million. Includes the company’s directly owned subsidiaries and associated companies

Disbursements
Disbursements will be made directly to the vendors or suppliers, unless otherwise approved by the PFIs


Qualifying companies:

• The applicant can either be a Singapore-based company or its overseas subsidiary (backed by the corporate guarantee of the Singapore-based parent company).
• The overseas associated company may also apply if there are restrictions/limits imposed by the overseas government that preclude the Singapore-based company from owning 50% or more in the overseas entity (documentary evidence must be produced)
• On a group basis (as defined above), the turnover shall not exceed $200 million or $500 million for trading companies at the time of application.  Your company is considered a trading company if more than 50% of turnover is derived from trading
• Singapore-listed companies may apply provided their turnover does not exceed $100 million ($200 million for trading companies)
• The overseas business must complement the activities of the Singapore operations and result in economic spin-offs for Singapore

Fund can be used for:

• Asset-based financing to purchase fixed assets for use overseas, or to purchase or construct factories or buildings overseas (including land).  Used assets are permitted as long as an independent valuation by a reputable valuer is obtained to ascertain the market value
• Structured loan (SL) to finance secure overseas projects or confirmed overseas sales orders.  SL must relate to and be backed by evidence of specific sales and/or projects from the borrowers’ customers