• Loans offered for the use of the business start-up, expansion or capital. 

Purpose:

1. For Start-up Capital

2. Purchase of equipment for business use

3. Purchase of car or vehicle for business use

4. Purchase of raw materials and requirement to run the business

5. For business activity within the major sectors of the economy namely: industry, trade, services including the practice of one profession. Business activity involving manufacturing, processing, production and retailing.

6. Other purposes used for business and operational expenditures.

Term: Maximum 10 years.

Loan Amount: 60%-70% of the appraised value but MUST NOT BELOW P50,000.00 loan application.

Mode of Payment: Monthly, Quarterly, Semi-Annually, & Annually (Depends on the source of income of the client)

Qualification Requirements:

    1. 2x2 or 1x1 ID Picture

    2. Valid Photo Bearing ID

    3. Tax Declaration of the property

    4. Current Tax Receipt / Tax Clearance

    5. Payroll or Pay slip (3 months) / Any Proof of Income / Certificate of Remuneration / Bank Statement / ITR

    6. Co-maker Statement (if principal borrower is 70 years old and above)

            Valid I.D. Of Co-maker

            Proof of Income of co-maker w/ attachments

            Cash Flow

    7. Original copy of OCT/TCT (collateral)

    8. Special Power of Attorney, if applicable

    9. Affidavit of non-tenancy (1 hectare or more)

              DAR Clearance (5 hectares or more)

              Insurance Policy for Improvements

              Bond to answer claims for Section 4 Rule 74, if applicable