SmallBiz Term Loan is for loans worth P10M and below, giving you the power to use your loan in multiple ways. All it takes is a Real Estate Mortgage (REM) or a combo of REM and Deposit Assignment.
Requirements
Employed
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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