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)