This loan program is available to any businessmen or would-be entrepreneurs looking for additional capital. This quick affordable loan program has very flexible rates  to accommodate any business or commercial endeavor from start-up capital to revolving inventory loans to credit lines.

Eligible Borrowers

  • Local entrepreneurs & businessmen with businesses

Purpose of Loan

  • Start-up capital for new business;
  • Additional working capital;
  • Expansion of existing business;
  • Refinancing of existing business loan or;
  • Credit line

Amount of Loan

  • Php 300,000 to 50 Million

Term of Loan

  • Short term loan: maximum of twelve (12) months to be renewed of fully paid upon maturity.
  • Medium term loan: thirteen (13) months to a maximum of sixty (60) months; amortized monthly or quarterly.

Collateral

  •  Real Estate Mortgage:
  1. Original Copy of Title with Survey Plan
  2. Certified Copy of Latest Tax Declaration
  3. Latest Real Estate Tax Receipts
  4. Deed of Acquisition (donation, sale, extra judicial settlement and etc.)
  5. Picture of Collateral
  6. Fire Insurance (if any)
  • Additional Requirements for Untitled properties:
    1. Certification from DENR
    2. Form V-37 from Bureau of Lands
    3. Affidavit of Adjoining Owners

* Tax declaration is only accepted at Head Office and La Union Branches.

  • Chattel Mortgage:
    1. Certificate of Registration
    2. Latest Official Receipts or Registration
    3. Picture of Motor Vehicle (front, side, back and inside)
    4. Stencil of engine and chassis number
    5. Deed of Sale
    6. Duplicate Key

Requirements

  • 2x2 latest ID Picture of the Principal Borrower
  • Latest Business Permits and DTI Registration
  • Photocopy of Valid ID's
  • Sketch of Residence
  • Court Clearance
  • Current year community tax certificate