As the owner of a small or medium enterprise, you have to manage the day-to-day running of your business, while also pursuing plans to expand your business. This could be through technological advancement, or perhaps through setting up ancillary units in different markets, or even scaling up production to anticipate future demand. Along with this, you also need to keep an eye out for opportunities you can capitalise on: a sudden tender you want to bid for, a unit that is up for auctions that you could buy. All of these require funds that your working capital may not have the elasticity to provide.

SME Finance can prove beneficial to you at these times. Our range of products are tailored to meet your requirements.

Line of Credit KNOW MORE
Unsecured Business Loan KNOW MORE
Secured Business Loan KNOW MORE
Working Capital Demand Loan KNOW MORE
Supply Chain Financing Solutions - Invoice Discounting KNOW MORE ​​​​​​

Revision Of Reference Rates For Determining Interest Rates On Loans Given

Long Term Reference Rate (LT​RR)

ABFL has increased its Long Term Reference Rate (LTRR) by 25 bps to 16.75% p.a. with effect from June 1, 2018. The interest rate on the floating rate loans of tenor greater than 12 months that are linked to the LTRR will be revised upwards by 25 bps. The spread / margin on the said loans will remain unchanged.

Short Term Reference Rate (STRR)

ABFL has increased its Short Term Reference Rate (STRR) by 25 bps to 16.00% p.a. with effect from June 1, 2018. The interest rate on the floating rate loans of tenor up to 12 months that are linked to the STRR will be revised upwards by 25 bps. The spread / margin on the said loans will remain unchanged.​​​

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