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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
    1.1 Real Estate  
          a. Areas within Metro Manila

Php2,500.00

Additional Php500.00 for each title submitted for appraisal.

Additional Php1,000.00 for each collateral located within
the same subdivision or location.

Additional Php2,000.00 for each collateral located far from
the first location and within the same city/province.
         b. Areas outside Metro Manila
             (with one day/office hours fieldwork)

Php5,000.00

Additional Php500.00 for each collateral submitted for
appraisal.

Additional Php1,000.00 for each collateral located within
the same subdivision or location.

Additional Php2,000.00 for each collateral located far from
the first location and within the same city/province.

         c. Areas Outside Metro Manila (with overnight or more than one day fieldwork)

Php5,000.00

Additional Php500.00 for each title submitted for appraisal.

Additional Php1,500.00 for each collateral located within
the same subdivision or location.

Additional Php2,500.00 for each collateral located far
from the first location and within the same city/province.

Note: Plus airfare, hotel accommodation, gasoline
expenses and actual receipted incidental expenses.
Collecta
       d. Large parcels of land (several subdivision lots) Apply the above basic rates and additional charges
(on case-to-case basis)
            1.2 Chattel Mortgage  
                    A. Machinery and Equipment  
                          a.1 Areas within Metro Manila Php1,500.00 - Php3,000.00
                          a.2 Areas outside Metro Manila Php2,000 - Php4,000.00+Actual receipted expenses
                    B. Used car  
                          b.1 Areas within Metro Manila Php1,500.00 - Php3,000.00
                          b.2 Areas outside Metro Manila
 		 Php2,000 - Php4,000.00+Actual receipted expenses
2. Documentary Stamp  
        a. On mortgage document

When the amount secured does not exceed

Php5,000.00 - Php40.00. On each Php5,000.00 or fractional
part thereof in excess of Php5,000.00 an additional tax
of Php20.00
        b. On debt instrument or promissory note Php1.50 on each Php200.00, or fraction part thereof on every
original issue of debt instruments of 1 year. For less than
1 year, a proportional amount in accordance with the ratio of
its term in number of days to 365 days. (R.A.10963)
3. Registration Fee Based on amount of mortgage per schedule of fees.
4. Service Fee 2% per annum on principal outstanding in addition to
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 from date of default until full payment
of the obligation.
6. Certification Fee Php500.00 per Certification of Loan Credit Line and
Certification of payment
7. Commitment Fee 1/4 of 1% of the Committed amount or Php2,500.00
whichever is higher.
8. Cancellation of Mortgage Php500.00 for reissuance of Cancellation of Mortgage.