Business Loan Philippines

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Know Interest Rate and Charges

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Processing Duration:

For such modified loan, it will basically take this credit offer from 5 - 10 working days depending upon the cooperation and availability of the borrower in times of a need by the lending company to communicate, ask questions regarding the loan application and for needs of providing additional documents should there be a case of insufficient document.

Interest Rate:

Interest rate for this type of loan is only 3% monthly add on with a diminishing principal loan from monthly payment amortization schedule which will be presented to the client upon loan approval. NO HIDDEN CHARGES! The latest lending law requires all charges from processing fee to interest rate to be transparent and presented to the loan borrower after the loan has been approved and before the availment of the cash loan proceeds.

Loan Payment Terms:

Loan payment will be from 3 - 12 months depending upon the nature of business and the desire of the loan borrower on how long to pay for the monthly amortization of the credit approved by the lender. Note that this is a non-collateral and non-secured loan which means that a shorter period of payment term is required. No extensions are currently offered to loan borrowers.

This is our own way of determining the monthly amortization payment you will need for your loan. Simple computation formula for your loan calculator would be as follows: