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 (4 pcs)
2. 1 Valid Photo Bearing ID
3. Any proof of Income / ITR / AFS
4. Deed of Sale of Equipment / Certificated of Registration
5. Picture of the Equipment / Truck
6. Duly Signed and Notarized Chattel Mortgage
7. Life Insurance (if necessary)
8. Comprehensive Insurance
9. Deed of Reconveyance
10. Affidavit of Good Faith
11. Statement of Account showing repayment (for 2nd time borrower)