Term Loans

Purpose
Whether you’re looking to finance specific projects or aiming to invest in your company’s future, our Term Loans offer a foundation for sustained business growth
Why It Matters To The Client
Product Features
- Financing from P10,000.00
- Repayment period: Max 5 years.
- Minimum 20% Upfront payment of total cost, either cash or cash in kind.
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.