Eligible Borrowers

• Single Proprietorships
• Partnerships
• Corporations that have been in continuous operations for the last 3 years 

Purpose

• Discounting Line - discounting of third party customer's PDCs with the bank, or trade receivables from customers.
• Domestic/Import Letter of Credit - used for the domestic purchase or importation of raw materials or finished goods through a Letter of Credit.
• Term Loan - used to finance permanent working capital requirements as acquisition of equipment or other fixed assets, construction of buildings for expansion purposes, etc.
• Loan Line - drawing funds from client's credit line to meet his working capital requirements, as long as it is within the approved limit.

Collateral

• 50% of Appraised Value of Vacant Lot
• 60% of Appraised Value of Condominium/Townhouse and House and Lot

For Discounting Line - Real estate, third party PDCs or purchase orders and delivery receipts, deed of assigment of receivables

For Domestic/Import Letter of Credit - PDCs, marginal deposits and trust receipts on goods purchased via Letters of Credit

For Term Loan - Real estate, deed of assignement of receivables, third party PDCs, purchase orders, and delivery receipts.

For Loan Line - Real estate and PDCs.

Loanable Amount

• PHP 1,000,000 to PHP 10,000,000
• One (1) Year Credit Line Facility or Term Loan
• Prevailing Market Interest Rates

Loan Term

• 1 yr - for Discounting Line, Domestic/Import of Letter of Credit and Loan Line
• 1-5 yrs - for Term Loan