Commercial Property Finance Equity Release

Purpose
Unlock additional capital by unlocking the value already accumulated in your property. Our Equity Release facility allows your business to secure funding against an existing commercial property, helping you access the liquidity you need to grow, expand, or reinvest.
Why It Matters To The Client
Product Features
- Minimum Loan Amount: P10,000.00
- Repayment Period: Max 5 years.
- Secured against assets in the form of immovable property.
Requirements
- KYC update Form to be filled by all shareholders/directors of the company.
- Certified copies of National Identity Cards (Omang), or certified copies of passports (for non-citizens) for all shareholders/directors.
- Copy of Marriage certificates if shareholders are married and marriage instrument.
- A copy of a residence permits and work permits (non-citizens).
- Tax clearance certificate for the company.
- Proof of residence for all shareholders/directors.
- A copy of work permit(s) for all company employees who are not citizen or an alternative (i.e. Waiver).
- Current Pay slip for Shareholders/directors and letter of employment or letter from company secretary specifying that the individual is a shareholder but does not earn salary from company, however they earn dividend annually (specify amount).
- All company documents including share certificates, tax clearance certificate, operating licenses or A constitution, partnership agreement for partners, syndicates and trusts (trust deed) (In addition NDB may require a management plan).
- Confirmation of Physical Address e.g. utility bill or confirmation from company secretary.
- Company profile explaining what the business does. Include competitive analysis of your business.
- Transactional account’s 6 months Bank statement. For seasonal business, 12 months bank statement.