Commercial Loan (Long Term)
A type of loan that is designed to entrepreneur members and to provide short-term additional capital for business owners.
Loan Requirements
- SHARE CAPITAL MUST BE AT LEAST 10% OF THE AMOUNT TO BE PAID OUTRIGHT. • Minimum Savings Deposit of P1,000.00
- Acceptable Titled Lot as additional collateral including its Tax Clearance & receipt, vicinity map/sketch plan.
- Special Power of Attorney (SPA) if the applicant is not the owner of the lot.
- Affidavit of Non-tenancy
- ONE (1) CO-MAKER THAT HAS NO DELINQUENT ACCOUNT, TWO (2) CO-MAKERS IF ABOVE ONE MILLION (PhP1,000,000.00), HOWEVER, IF THE COLLATERAL OFFERED IS SUFFICIENT, CO-MAKER IS NOT REQUIRED.
- One (1) Witness
Additional Terms and Condition
- Transfer Certificate of Title (TCT)
- Original Certificate of Title (OCT)
- Condominium Certificate of Title (CCT)
Charges
- Service Fee – 3% of the loaned amount if 25 months and above Service Fee – 2% of the loaned amount if 24 months and below.
- Notarial (PhP 125.00)
- Insurance - [{amount of loan ÷ 1000 x number of months x special rate provided by climbs} - less rebates, if there is any]
Renewal Policy
- After 3 months provided that payment is consistent
Max Loan Ceiling
(Capacity based unless stated otherwise)
- 5 million
Commercial Loan (Short Term)
A type of loan that is designed to entrepreneur members and to provide short-term additional capital for business owners.
Loan Requirements
- Share Capital must be at least 10% of the amount applied.
- Minimum Savings deposit of at least P1,000.00
- Business Permit
- One (1) Witness
Max Loan Ceiling
(Capacity based unless stated otherwise)
- PhP 300,000.00
Charges
- Notarial (PhP 125.00)
- Service Fee (2%)
- Insurance- [{amount of loan ÷ 1000 x number of months x special rate provided by climbs} - less rebates, if there is any]
Renewal Policy
- After 3 months provided that payment is consistent