SmallBiz Revolving
Promissory Note Line

SmallBiz Revolving Promissory Note is a loan facility for loans worth PHP10M and below. Interest is computed only for the amount used. All you need is a Real Estate Mortgage (REM) or a combo of REM and Deposit Assignment.
Requirements
  • Duly filled-out Pre-screening Form signed by the originating AO/BM
  • Duly filled-out Application Form signed by the borrower/s
  • Copy of the Official Receipt of Appraisal Fee
  • Copy of valid ID (with photo & signature) of the borrower/s, major shareholders and authorized signatories, if applicable
  • Latest Income Tax Return (ITR)
  • Latest two (2) months pay slips
  • Certificate of Employment with Compensation
  • Collateral Documents-REM
    • Copy of OCT / TCT / CCT
    • Updated tax declaration
    • Vicinity Map / Location Plan / Lot Plan
    • Master Deed of Restriction (for Condo units)
    • Building Plans (for Building Construction)
    • Costing of Materials (for Building Construction)
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