Heavy Equipment Loan
It offers financing to purchase heavy equipment and machineries by providing easy payments schemes maximizing profits, earning a and capital which can be used for other business expenditures.
TARGET CLIENTS:
Contractors
Business involved in construction
Individual who has need for equipment to be used for business
Construction Firms
Loan Amount: Minimum of P100,000.00
Term: Maximum of 5 years but of 1st time borrower, max term allowed is 2 years only.
Mode of Payment: Monthly
Qualification Requirements:
1. 2x2 or 1x1 ID Picture
2. Valid Photo Bearing ID
3. Deed of Sale of Equipment / Certificated of Registration
4. Picture of the Equipment / Truck
5. Deed of Reconveyance
6. Affidavit of Good Faith
7. Any proof of Income / ITR / AFS
8. Statement of Account showing repayment (for 2nd time borrower)