Business Loan Philippines

Got needs for bridge financing or micro business running for expansion? Business loan is just perfect for your startup investment. If you are looking for lowest interest rate option, a collateral loan would definitely be the best choice.

Business Loan Requirements

You may visit this page - http://www.loanph.com/ for more information on different non-collateral loans including small business loan or microfinancing choices.

Basic Documents Needed

As part of pre-qualification, the business had to be running for at least 1 year already and have complete documents as listed below.

  1. DTI permit for single proprietorship and SEC registration for corporation type of business.
  2. Mayor's permit and barangay permit to operate business
  3. For coporation - you need to provide original and notarized board resolution to borrow duly signed by the corporate board
  4. Latest 3 months bank statement - strictly requires current or savings account passbook or statement of account.
  5. 2 valid primary IDs
  6. Original water bill or electric bill (proof of billing) (not necessarily under your name but must have same address as valid IDs.
  7. Completely filled up application form
  8. 4 pcs of 2x2 picture
Call and Look for – Sir Sam Casuncad
Office phone: 542-7015 (Sam) / 542-8105 (Vina)
Sun No 0932–872 5532
Smart No 0939-9269335
Globe No 0905–4249367 / 0917-5019245 (with Viber, IMO and Whatsapp)
Email application form to info.fastloanph@gmail.com / info.ofwloan@gmail.com

Interest Rate, Loan Terms and Processing Time

Know Processing Procedures

Know Interest Rate and Charges

Always Prequalify Before Applying

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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.

Initial Loan Calculator

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:

Principal Amount divided by the number of months to pay or loan term + loan interest rate.

Fill Up Our Online Loan Application Form, We'll Call You ASAP

If you want immediate assessment, please take time to fill up our online loan application form below. One of our marketing representatives will call you as soon as we get your inquiry concern. Put N/A for fields you feel you cannot provide information with in the boxes.

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.

  



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