Business Loan

I. Borrower Qualification

  • At least 21 years old but not more than 60 years old
  • With existing business for at least one (1) year.

II. Requirements

  • Processing fee of P 1,000.00
  • Duly filled up application form
  • Business/Mayors permit/Brgy. Permit
  • DTI
  • Sales invoice/O.R./Ledger or daily logbook of sales
  • Photocopy of two (2) valid ID’s
  • Two (2) pcs. 2×2 latest I.D. picture
  • Residence certificate
  • Brgy Certificate
  • Co-maker based on applied loan amount (Co-maker’s requirements are same as listed above)
  1. P 15,000 and below (2 Co-makers)
  2. Above P 15,000.00 up to P 50,000.00 (2 Co-makers with PDC)
  • Proof of billing address

III. Target Market

  • Small businesses like market vendor, retail store, canteen, hair salons, bakeries, internet café, flower shops etc.

IV. Amount of Loan

  • Maximum of P 50,000.00 per borrower

V. Term of loan

  • Minimum of one (1) month, maximum of two (2) years

VI. Interest

  • 24% p.a. annuity method