Sustainable Loan Grant Scheme (SLGS)

Sustainable Loan Grant Scheme (SLGS)

Provides cost reimbursement in Singapore for external review work linked to sustainable or transition loans.

The Sustainable Loan Grant Scheme (SLGS) is a MAS Financial Sector Development Fund (FSDF) initiative valid until 31 December 2028, with SGD 15 million set aside to support it. The scheme helps corporates and financial institutions defray the cost of independent advisory and verification services when obtaining sustainable or transition financing in Singapore. Qualifying loan instruments include Green Loans, Social Loans, Sustainability Loans, Sustainability-Linked Loans (SLLs), and Transition Loans, each governed by internationally recognised loan principles. Loans must have a minimum size of SGD 20 million equivalent and a minimum tenure of three years, and the lending bank must generate more than 50% of its gross revenue attributable to Singapore.

MAS reimburses 100% of eligible expenses — covering loan framework or sustainability performance target (SPT) development, pre-origination external review, post-origination verification, and use-of-proceeds reporting — over a three-year funding period from loan origination. The maximum reimbursement is SGD 125,000 per instrument for issuers complying with TCFD, ISSB, or ESRS disclosure standards, or SGD 100,000 without. Transition Loans require pre-origination external review plus annual post-origination verification for three years, and the borrower must have a publicly disclosed entity-level transition plan aligned with the Singapore-Asia Taxonomy. Sustainability advisory work must be more than 50% performed by Singapore-based providers. Up to two qualifying instruments per borrower are eligible over the scheme's lifetime.

Applications are submitted by emailing fsdf_ext@mas.gov.sg within three months of loan origination. Both onshore and offshore companies and financial institutions, including international organisations such as the IFC and World Bank, are eligible borrowers; sovereigns are excluded. Applicants pursuing the higher cap should confirm compliance with a named international disclosure standard and retain external reviewer engagement documentation for submission.