PERSONAL Consumer Loan Products  Commercial/SME Loans

 

COMMERCIAL / SME LOANS
PRODUCTS
                                                                                                                                                                                                       
1.    REVOLVING PROMISSORY NOTE LINE (RPNL)

        a.    Provides financing anytime, all the time
        b.    Bridge short-term working capital requirements
        c.    Allows business entity to draw, repay and re-draw
        d.    Interest - payable monthly / quarterly
               Principal - payable upon Promisory Note maturity
 

2.    POST-DATED CHECK DISCOUNTING LINE (PDC-DL)

        a.    Designed to quickly convert customers' receivables, covered by post-dated checks, into CASH
        b.    Interest deducted in advance
        c.    Acceptability of the PDCs subject to credit evaluation
        d.    Loanable Amount = 80% of the total amount of check/s
 

3.    DOMESTIC LETTER OF CREDIT /TRUST RECEIPT LINE (DOM LC/TR LINE)

        a.    To finance local purchases of raw materials and / or inventory
        b.    Domestic Letter of Credit (LC) - form of undertaking by the Bank, made at the request of an Obligor (Buyer), in favor of a Beneficiary
        c.    Trust Receipt (TR) - commercial document whereby the Bank releases the goods to the Entrustee (Obligor / Buyer) but retains ownership
 

4.    DOMESTIC BILLS PURCHASE LINE (DBPL)

             •     For outright purchase of customers' local checks
 

5.    TERM LOAN

       a.    Designed for a specific purpose / finance seasonal funding needs
       b.    Can be used for business expansion
             •   Acquisition of fixed assets
             •    Acquisition / construction of industrial and/or commercial properties
       c.    Can be used to re-finance existing term loans (take-out)
       d.    Term - Maximum of five (5) years
       e.    Repayment - Principal & Interest payable via equal monthly / quarterly amortization
 

STANDARD DOCUMENTARY REQUIREMENTS FOR BUSINESS LOAN

1.    Duly filled-up application form
2.    DTI Registration - if Sole Proprietorship
SEC Papers (Latest GIS, Certificate of Registration, Articles of Incorporation & By-laws) - If Corporation
3.    Company profile / Background on the Company's principals and officers
4.    Audited Financial Statements with ITR for the last three (3) years
5.    In-house Financial Statements for the last three (3) years
6.    Photo copies of bank statements ( major banks, last 6 months)
7.    Updated list of customers and suppliers with contact person and telephone numbers
8.    Collateral documents - Photo copies of
 
             i.     TCTs / CCTs 
             ii.    Tax declaration (land and improvement)
             iii.    Lot Plan with vicinity map