What Maybank offers Singapore SMEs
Maybank Singapore Limited is the local subsidiary of Maybank Group (Malaysia’s anchor universal bank) and operates as a full bank licensee under the MAS Banking Act Source: MAS — Banks register ↗ . For SMEs, Maybank publishes two core lending products on its Singapore SME page Source: Maybank SME — lending ↗ :
- Maybank Business Term Loan — multi-purpose term financing for established SMEs.
- Maybank SME Working Capital Loan — routed under EnterpriseSG’s Enterprise Financing Scheme (EFS), so EnterpriseSG carries part of the default risk alongside the bank.
Headline rates, maximum loan sizes, tenors and fees are set by Maybank and change frequently. Always verify on the Maybank SME lending page before relying on any number you read on a comparator (including this one). For an indicative comparison against other SG lenders see our current SG business loan rates page.
EFS participation explained
The Enterprise Financing Scheme is an EnterpriseSG umbrella covering the SME Working Capital Loan, SME Fixed Assets Loan, Trade Loan, Project Loan, Venture Debt and Green Loan facilities Source: EnterpriseSG — EFS ↗ . For EFS-backed lending, EnterpriseSG takes part of the risk so the participating bank can lend further into the SME tier than it might on its own balance sheet.
Maybank is one of the EFS-participating banks alongside DBS, OCBC, UOB, CIMB, Standard Chartered, RHB and HLF. EFS caps, risk-share percentages and eligibility criteria are set by EnterpriseSG — verify the current parameters before applying.
Eligibility — what Maybank typically looks for
Maybank does not publish a single consolidated eligibility checklist for SME lending. From the standing EFS criteria Source: EnterpriseSG — EFS eligibility ↗ and standard SG bank-tier underwriting, applicants should expect to provide:
- ACRA business profile (BizFile) confirming Singapore-registered entity status
- At least 30% local shareholding (EnterpriseSG EFS criterion, not a Maybank-specific one)
- Bank statements (typically past 3–12 months)
- Filed financial statements
- GST returns where applicable
- Notice of Assessment (NOA) for directors
- Personal guarantees from directors
Final eligibility, documentation requirements, and credit decision sit with Maybank’s underwriting team. Confirm the exact list at application stage.
How to apply
- Read the current product page on maybank2u.com.sg/en/sme/lending.page and pick the right facility.
- Prepare the documentation pack listed above.
- Submit an enquiry through the Maybank SME page or visit a branch. Existing Maybank business banking customers can route through their relationship manager.
- Underwriting decision typically runs 2–6 weeks depending on documentation completeness and credit complexity.
How Maybank compares to other SG banks
Maybank’s SME lending stack overlaps closely with the other EFS-participating banks. The product set is narrower than DBS’s (which adds the Digital Business Loan + Property Loan as separately marketed facilities) and similar in shape to UOB’s and OCBC’s core SME range. Choice between them tends to come down to existing banking relationship, response time on enquiry, and the specific facility-pricing on offer at the moment of application.
For side-by-side product comparisons against the rest of the SG bank tier and the EFS-participating alt-lender route, see the related links below.
Important disclosures
businessloans.sg is an independent comparator. We are not a licensed moneylender under the Moneylenders Act 2010 and we are not a MAS-licensed financial adviser under the Financial Advisers Act. Any product details on this page are for orientation only — the authoritative source for current Maybank product terms is the Maybank SME lending page Source: Maybank SME — lending ↗ .