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SME LOAN
SME Loan
A type of business loan provided to the major sector of the economy engaged in trade, services, manufacturing whether single proprietorship, cooperative, partnership or corporation. (Collateralized/Non-Collateralized)
Amount of Loan
Within the debt capacity-ratio of the borrower based on cash flow.
Mode of Payment
Lump sum, Quarterly, Monthly and Semi-Monthly
Security
Real estate Mortgage, Chattel Mortgage and Hold-out Deposits
Term
Minimum of six (6) months
Maximum of five (5) years
Basic Requirements
Collateralized
Non-Collateralized
Basic Requirements
Choose from
” Collateralize or Non-Collateralize “
Collateralized
- 2 Valid ID’s of Borrowers/and Spouse
- 3 pcs. Latest 2×2 picture
- Latest Barangay Clearance
- Latest Proof of Income
- If business – Business Permits, Picture of Business, Latest FS, Proof of Business Transaction
- Additional Requirements:
- If corporation – General Information Sheet (GIS), Articles of Incorporation and By-laws
- If partnership – Lists of Partners, Articles of Partnership/Contract of Partnership
- If employed – Original Certificate of Employment, 3 Months Latest Payslip
- If business – Business Permits, Picture of Business, Latest FS, Proof of Business Transaction
- Proof of Billing
- Certified True Copy of Title
- Property Documents
Non-Collateralized
(Borrower & Co-Borrower)
- 2 Valid ID’s of Borrowers/and Spouse
- 3 pcs. Latest 2×2 picture
- Latest Barangay Clearance
- Latest Proof of Income
- If business – Business Permits, Picture of Business, Latest FS, Proof of Business Transaction
- Additional Requirements:
- If corporation – General Information Sheet (GIS), Articles of Incorporation and By-laws
- If partnership – Lists of Partners, Articles of Partnership/Contract of Partnership
- If employed – Original Certificate of Employment, 3 Months Latest Payslip
- If business – Business Permits, Picture of Business, Latest FS, Proof of Business Transaction
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Head Office Address:
J. M. Kalaw Street, Poblacion 5, Lipa City, Batangas 4217
Email:
kapartner@mcrbi.com.ph
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