Internationalisation Finance Scheme
The Internationalization Finance Scheme (IFS), administered by IE Singapore, is a government-assisted financing program designed to help Singapore-based Companies expand into the overseas market. It is part of the government's effort to assist local enterprises globalize their operations and leverage on global resources to grow.
Customer Eligibility
To apply for IFS, a company must satisfy the following conditions:
- The applicant must be a Singapore-based company*
- The company must have turnover not exceeding S$200 million. For trading companies, the turnover should not exceed S$500 million
- Trading companies are companies with more than 50% of turnover derived from trading
- The applicant must be engaged in an overseas business which complements the activities of the Singapore operations and result in quantifiable economic spin-offs to Singapore.
* The IFS is also open to Singapore-listed companies.
Loan Features
| Types of loan |
Max Loan period |
Max quantum of financing1 |
| (A) Asset-Based Financing |
|
|
| - Land/Factories/Buildings |
15 years |
90%2 |
| - Other fixed assets |
6 years |
90%2 |
|
|
|
| (B) Structured Loans |
3 years |
90%3 |
1 Pro-rated in proportion to the percentage of borrower's shareholding in the overseas operation.
2 Based on Valuation of Purchase Price, whichever is lower
3 Based on the value of the Sales Order or Contract Amount or Project Value
Fees, Rates & Charges
We offer competitive rates. Please call our hotline at 1800 222 2200 to find out more.
Loan Exposure Limit
The financing shall be in Singapore dollars and the maximum loan per company (on a Group basis) shall not exceed S$15 million.
Application Procedure
Application should be made on the prescribed form and submitted to DBS Bank prior to paying any deposit for the machinery, industrial property or plants. Application received after the deposit has been made will not be supported.
To apply for IFS, simply call our hotline at 1800 222 2200.
You will need to get the following documents ready in order to facilitate our processing:
- Duly completed and signed IFS application form[PDF]
- Last 3 years of audited financial statements
- Details of fixed assets / secured overseas project / orders to be financed
- Internationalization Plan
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