Term Loan

Ranging from medium to long term loan packages, Term Loan offers repayment periods designed to meet the client's pattern of debt servicing needs. The term loans are geared to finance:

  • Acquisition of fixed assets.
  • Purchase of equipment.
  • Construction / Expansion / Modernization of building, factories and plants.
  • Working capital requirements.
  • Aacquisition of raw materials, supplies, etc.
  • Trading operations.

Product Features

Loan Amount Dependent on the borrower's requirements, paying capacity and the appraised value of the mortgaged property/collateral, whichever is lowest.
Loan term Up to a maximum term of ten (10) years.
Repayment terms Equal monthly amortization thru postdated checks.

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Benefits

  • Provides a wider scale of lending opportunities to business entities.

Documentary requirements

  • Properly filled out Loan application form.
  • Audited financial statements/Income Tax Returns (ITR), Income statement and balance sheet.
  • Bank statements for the last 3 months.
  • Trade references - at least 3 major suppliers and 3 major customers with contac persons and tel.nos.
  • Business Registration Papers (Certificate of Business Registration DTI / SEC, Articles of Incorporation and By- laws).
  • Title and Tax declaration.