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LOANS

For your financial requirements, we can help you with the following:

  • Working capital
  • Business expansion
  • Purchase , construction or renovation of real estate property
  • Export and Import financing
  • Investment

Among our credit facilities include:

We offer and package various types of business loans for your specific financing requirements.

Acceptable collaterals are:

  1. Real estate mortgage
  2. Hold-out on peso or dollar deposits maintained with our Bank
  3. Assignment of acceptable listed shares of stocks
  4. Assignment of acceptable country club shares, or
  5. Assignment of government securities.

Fees and Charges

Loans
1. Appraisal Fee
     a. Large parcels of land Apply the above basic rates and additional charges on case-to-case basis
     b. Areas within Metro Manila  - Minimum of P2,000,00 for one TCT. However, if the submitted collaterals are several TCTs located within the same subdivision or location, additional fee of P50.00 will be charged for the verification of the TCTs;
 - Minumum of P2,000.00 for one TCT plus P1,000.00 for each additional TCT or location that is far from the first location under the same application for credit;
     c. Areas outside of Metro Manila (with one-day / office hours fieldwork)  - Minimum of P3,000,00 for one TCT. However, if the submitted collaterals are several TCTs located within the same subdivision or location, additional fee of P50.00 will be charged for the verification of the TCTs;
 - Minumum of P3,000.00 for one TCT plus P1,000.00 for each additional TCT or location that is far from the first location under the same application for credit;
     d. Provincial areas ( with overnight or more than one- day fieldwork) Minimum of P5,000,00 initial fee for one TCT or location, plus P1,500.00 for each additional collateral that is far from the first location under the same application for credit, plus airfare and / or gasoline expense and actual receipted incidental expenses collectable after appraisal inspection.
2. Documentary Stamp P1.00 on each P200.00, or fraction part thereof on every original issue of debt instruments of one year. For less than 1 year, a proportional amount in accor- dance with the ratio of its term in number of days to 365 days.
3. Registration Fee Based on amount of mortgage per schedule of fees.
4. Service Fee 2% per annum on PRINCIPAL outstanding balance in addition to the contracted loan interest rate.
5. Penalty Charge In case any note/amortization and/or interest becomes past due, a penalty charge of 2% per month shall be collected on the outstanding PRINCIPAL balance from date of default until full payment of the obligation.
6. Certification Fee Php 500.00 per Certification of Loan Credit Line
7. Commitment Fee 1/4 of 1% of the Committed amount of Php 2,500.00, whichever is higher.
8. Cancellation of Mortgage Php 500.00 for re-issuance of Cancellation of Mortgage.