FRANCHISE LOAN GUIDELINES

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

Qualification Requirement:

·         Completely filled-up Application Form with Cost Estimate (Franchisor)

·         Must have a Co-maker /Co-borrower Basic Documentary Requirements

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·         Additional requirements apply if the borrower is employed, with business, OFW beneficiary, seaman/allottee, migrant or doctor

Collateral:

·         PDC (Post-dated Check)

LOANABLE AMOUNT                                : Base on the source of income/capacity to pay of the                                                                      borrower INTEREST RATE                                          : 4% add-on per month of the amount financed TERMS OF PAYMENT                                : 6 – 12 months w/ 1 month grace period 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