Honest answers to real questions.

FundWise charges a success-only fee of 4–5% of your approved loan amount. The fee is paid only on the day your funds are disbursed. If we don't get you funded, you pay nothing. There are no consultation fees, no assessment charges, and no application processing fees.

We earn from borrowers only, not from lenders. FundWise receives no referral fees, kickbacks, or payments from banks or financial institutions. This means we have no financial incentive to recommend one lender over another — we recommend based on what best fits your profile.

No. FundWise is an independent financing advisor, not a licensed moneylender or bank. We connect borrowers with licensed financial institutions and banks. All loans are provided by our panel of regulated lenders — we handle the advisory and application process on your behalf.

When you apply directly to a bank, you see only that bank's products. FundWise compares 30+ lenders simultaneously — major banks, digital banks, P2P platforms, and private credit providers — and submits to the 2–4 most likely to approve your specific profile. One application. Multiple real offers.

The Enterprise Financing Scheme (EFS) is administered by Enterprise Singapore. Under EFS, the government co-shares the default risk of qualifying SME loans with participating banks — typically 50% risk-share for established businesses, 70% for young enterprises under 5 years old. The most popular EFS product is the EFS Working Capital Loan, which provides up to $500,000 with tenure up to 5 years.

Most banks require a minimum of 1 year of operating history for standard SME loans. Under EFS schemes, some lenders accept businesses as young as 6 months. For alternative lenders on our panel, the minimum can be as low as 6 months. Your annual revenue, cash flow history, and directors' personal credit also factor into eligibility.

Yes, and this is specifically where FundWise adds the most value. A rejection from DBS, OCBC, or UOB does not mean you don't qualify for financing — it means that bank wasn't the right fit for your profile. Singapore has 30+ active lenders with completely different criteria. We review exactly why you were declined and identify lenders whose credit appetite matches your actual profile.

Invoice financing lets you turn unpaid customer invoices into immediate cash. Say your client owes you $100,000 but has 60-day payment terms. An invoice financing provider advances you $85,000–$90,000 immediately against that invoice. When your client pays at day 60, the provider takes their advance back plus interest; you receive the balance. Approval is based primarily on your clients' creditworthiness, not yours.

SORA (Singapore Overnight Rate Average) is MAS's benchmark interest rate for SGD lending. SORA-pegged mortgages float with the overnight interbank rate. Fixed rate packages lock in your rate for 2–5 years. Choose SORA if you expect rates to fall or plan to refinance within 2 years. Choose fixed if you prefer payment certainty. FundWise models both scenarios for your specific loan quantum before recommending.

Yes, with conditions. For private residential property, foreigners can obtain a mortgage from Singapore banks, though LTV is typically capped at 75% for the first property. Additional Buyer's Stamp Duty (ABSD) of 60% applies for foreigners purchasing residential property. For commercial property, there is no ABSD for foreigners, making commercial property loans considerably more accessible.

Equity release is worth considering if your property has appreciated significantly and you need working capital or want to fund a business opportunity. You unlock a portion of your property's value — typically up to 80% LTV — without selling. It works best when you need more than $500K (beyond EFS limits), or when your business doesn't have the revenue profile to qualify for an unsecured SME loan.

For a standard SME loan application: NRIC or passport copies for all directors and shareholders with ≥20% stake; ACRA BizFile+ Business Profile; last 6–12 months of corporate bank statements; latest 2 years of financial statements or management accounts; NOA (Notice of Assessment) from IRAS for all directors. For the initial eligibility check, no documents are needed — just your quiz answers.

Approval timeline depends on the product. EFS Working Capital Loans: 3–5 business days for well-prepared applications. Standard bank term loans: 5–10 business days. Alternative lenders: 24–72 hours. Property loans: 10–21 days. The biggest variable is document completeness — applications with all required documents submitted on day 1 consistently close faster.