Small and Medium Enterprise (SME) Loan (Collateralized)
Loan use
- Additional business capital
- Small and medium enterprises with loan needs of more than Php20,000
Loan Package
- Individual loan
- Capital Build-Up
- Fixed Php5,000 CAP Benefits
- Micro-Insurance Program
- Client Wellness Program
Loan Term
- 3, 6, 9, 12, 18, 24, 36 months
Mode of payment
- Monthly
Minimum Amount
- Php20,000.00
Maximum Amount
- Php1,000,000.00
Interest
- 4% monthly on a declining balance
Charges
- Paid before loan release
- Loan Service Fee - 3.5%
Qualifications
- 18 – 70 years old
- Must be engaged in small or medium enterprise for over a year.
- Physically capable in meeting the demands of the business
- Permanent resident of the barangay with at least 1 year stay
- With good moral character
Requirements
- Original documents of land title / tax declaration/OR and CR which is free from any encumbrance
- Postdated checks will suffice for loans amounting to Php20,000 up to Php49,000
- Certificate of non-tax delinquency for real estate collaterals or OR of vehicle for the current year
- Original Barangay Clearance for the current year with dry seal
- Photocopy of Business permit
- 4 copies 1.5 x 1.5 colored ID picture (replaced every 5th cycle)