CORPORATE LOAN GUIDELINES

CORPORATE LOAN GUIDELINES
For assistance, email me at: barcenanorma60@gmail.com

Qualification Requirement:

• ·         Gross money sales / Revenue of 500K

• ·         Business is operating for at least three (3) years

Additional Documentary Requirements:

• ·         Business Permit – Mayor’s Permit or Barangay Permit to operate business

• ·         DTI Certificate

• ·         SEC Registration

• ·         Articles of Incorporation

• ·         Board Resolution  to borrow if corporation with Secretary Certificate for authorization to borrow  (to be submitted prior to release of the loan)

• ·         Bank Statement (Latest Savings or Current Account Transactions for 2 to 3 months)

• ·         Basic Documentary Requirements

LOANABLE AMOUNT                                  : Php 50,000.00 – 300,000.00 INTEREST RATE                                            ; 2.5 % add-on per month of the amount financed TERMS OF PAYMENT                                  : 6 – 12 months CHARGES      Processing fee                                         : 5% of the amount financed      Documentary stamps                               : depends on the amount financed      Loan Redemption Insurance                    : depends on the amount financed      Notarial fee                                             : Php 200.00