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.
|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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- Provides a wider scale of lending opportunities to business entities.
- 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.