A 1-year credit line wherein funds are accessed via check-writing, thus providing the ultimate in accessibility, convenience, flexibility, and savings! For business demands that require additional cash for working capital, for bridge financing or simply seizing a business opportunity, PSBank SME Business Credit Line is appropriate.

  • Quick Access: Instant funds for your business needs that can't wait. No need to sign promissory notes or call/see the branch whenever funds are needed.

  • Convenience of availment. Clients can issue checks even during weekends/holidays or after banking hours. Instant funds!!! No more hassle ... no more waiting.

  • Flexibility to borrow for short-term periods or when you want to pay the loan back quickly.

  • Savings on interest charges: Pay the principal amount anytime, when you have excess cash ... then borrow again when you need it.

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Product Features

 

Line Amount

  • Minimum of PhP2.0 million if secured by real estate properties

  • PhP500,000 if against deposits

Purpose

Working capital

Line Expiry

One (1) year from date of line set-up, renewable annually

Interest Rate

At competitive SME Business Credit Line rates.  Click here for the prevailing rates.

Interest Repricing

Every start of billing period/monthly, as indicated in the monthly Statement of Account

Mode of Availment

Via issuance, encashment, or negotiation of PSBank SME Business Credit Line Checks

Repayment

Every 10th of each month equivalent to minimum amount due (interest, any past due amount, penalties, excess availment, documentary stamps) as indicated in the Statement of Account

Collateral

  • Any prime residential / commercial / industrial properties with or without building improvements

  • Cash deposits

Mode of Repayment

Primarily Automatic Debit Arrangement from any CASA Account maintained with PSBank, over-the-counter cash or check payment, or via PSBank Online

Turnaround Time

Approval within 10 banking days from submission of complete documents

Others

No commitment fee upon approval


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Qualifications

 

For SME Loans with Real Estate Property Collateral

  • If an individual, must be a Filipino, of legal age, not more than 65 years old upon loan maturity

  • If a corporation, must be at 60% owned by Filipinos

  • With existing profitable business operations for the last three (3) years per ITR / Financial Statements showing income and positive retained earnings

  • With financing need of at least PhP2.0 million

  • With acceptable real estate property to offer as collateral

For SME Loans with Time Deposit Collateral

  • With financing need of at least PhP500,000.00

  • With time deposits to offer as collateral (90% loan value for Peso Time Deposit and 80% loan value for Dollar Time Deposit)

  • Supported by Time Deposit Certificate/s
    *No ITR needed

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Documentary Requirements

  •  Standard Application Documents

For SME Loans with Real Estate Property Collateral
 

  • Properly filled-out and signed Business Loan Application Form and Statement of Assets & Liabilities (available here for downloading)

  • Two (2) Valid IDs

  • Business registration papers – DTI Certificate of Registration or SEC Articles of Incorporation and By-Laws, General Information Sheet

  • Company profile and ownership structure

  • Income Tax Returns with Audited Financial Statements for the last 2 to 3 years duly stamped “received” by the BIR

  • Waiver of Confidentiality of Client’s information and/or Authority of the Bank to Conduct Random Verification with the BIR (as indicated in the application form)

  • Interim financial statements, if available

  • Photocopy of bank statements or passbook within the past 6 full months

  • Photocopy of TCT, tax declaration and vicinity map of the offered collateral

  • Trade References / List of at least five major suppliers and clients with contact names and contact details

For SME Loans with Time Deposit Collateral

  • Properly filled-out and signed Business Loan Application Form and Statement of Assets & Liabilities (available here for downloading)

  • Time Deposit Certificate with signed endorsement at the back portion

  • Two (2) valid IDs

  • DTI or SEC registration/By-Laws and Articles of Incorporation if applicant is the company

  •  Additional Documents (depending on loan purpose)

For Loan take out

Latest statement of Account from creditor and copy of Official Receipts of payments for the past 3 months

For construction / renovation

Building plans, bills of materials and cost estimates / specifications

For Acquisition

  • Contract to sell

  • TCT of property being acquired

For sureties and co-borrowers

Two (2) valid IDs, properly filled-out Business Loan Application Form and Statement of Assets & Liabilities and ITR

Based on nature of Business

  • Lease contracts – if source of Income is from rentals

  • Notarized Service Agreements/Contracts, List of Completed and On-going Projects - if business is construction

  • Franchise Agreements - for franchise or franchisor

  • Service Contracts – for manpower, labor or transport business

  • Purchase Orders – for exporters

  • Supply Contract – for contract growers

  • Licenses or Accreditation from institutions or government agencies – for businesses such as healthcare providers, overseas and local manpower providers, and rice or grain dealers

  • Contracts / Distribution Agreements – for businesses in sales or exclusive distributorships

 

Click here here to download the SME Document Checklist

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Loan Service Fees

 

Click here to download SME Group Loan Service Fees.

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Application Form/Statement of Assets & Liabilities Form Download

 

A copy of the PSBank Business Loan application form (in PDF format) is also available here for downloading. Click the following links to download:

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How to Apply

 

Once Business Loan Application Form is filled-out and the documentary requirements are complete, you may fax it to:

PSBank SME Group
Fax: (632) 885-8316 or (632) 885-8318

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Contact Information

 

For more information, please contact SME Group (632) 885-8208 locals: 8364, 8670, 8361, 8664 and 8323.

 

You may also get in touch with us through our PSBank Customer Service anytime, any day; or visit any PSBank branch near you.

 

 

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Member: PDIC.
Maximum Deposit Insurance
for Each Depositor: PhP500,000.
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