Loan Insurance Scheme <!--#include virtual="/ssi/title

Enjoy peace of mind with the Loan Insurance Scheme (LIS) and the accompanying complementary programme LIS+, where default risk is insured. Under these schemes, risks are co-shared with 75% risk borne by the insurers*, thus lowering any default risk.

Under LIS, the sponsors (IE Singapore & SPRING Singapore) provide premium support of 50% while you pay for the remaining 50%.

Under LIS+, the sponsors will charge an insurance premium of 1.5%p.a. for the amount insured by the sponsors.

UOB Business Banking facilities allowed under LIS:

Types of Loan Facilities	Domestic Trade Facilities	Overseas Trade Facilities
Inventory / Stock Financing	Yes	Yes
Bill or Invoice or accounts receivable discounting with recourse	Yes	Yes

*The insurer under the LIS scheme for UOB is United Overseas Insurance Limited. Insurers for LIS+ are Standards, Productivity and Innovation Board (SPRING) Singapore & International Enterprise (IE) Singapore

For domestic trade facilities
If your company's goods are sold domestically within Singapore, you can apply for the LIS Scheme if it meets all these criteria:
- Registered and operating in Singapore
- At least 30% local shareholding;
- Company's group annual sales of not more than $100 million or company's group employment size not more than 200 workers*
* Annual sales turnover and employment size will be computed on a group basis. (i.e All levels up for corporate shareholders holding >50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)
For overseas trade facilities
If your company's goods are exported and sold overseas (i.e for non- domestic consumtption, you can apply for the LIS Scheme if it meets all these criteria:
- Based in Singapore with at least 3 strategic business functions. Strategic business functions are defined as:
  - Banking, Financial and Treasury
  - Marketing and business planning
  - Procurement/logistics
  - Investment Planning/coordination
  - Research & Development
  - Technical Support
  - Manufacturing
- turnover of Applicant Company and its subsidiaries must not exceed $300 million for Non-Trading Companies and $500 million for Trading Companies
Both domestic trade facilities and overseas trade facilities
If your company's goods are sold both domestically and overseas, it will have to meet both sets of criteria as described above.

To sign up now, just follow these three easy steps: