A common problem among entrepreneurs regarding client payments is the time it takes for the money to be credited to their account. That is why we are offering you the PSBank Domestic Bills Purchase (DBP) Line.

The PSBank Domestic Bills Purchase Line is the right answer to both your expected and unexpected business expenses. It lets you maximize the use of your funds and replenish the day-to-day working capital requirements of your business without having to wait for normal check-clearing procedures. We purchase your dated checks or sales bills, and advance the money to you pending payment from your clients and bank clearances. This way, funds from receivables will immediately be made available to you. The sooner you receive the proceeds from your sales, the faster you can seize opportunities and take your business to the next level.

Line Amount

Based on 50% of Average Daily Balance for the past 6 months

Line Expiry

One (1) year from date of approval ; subject to renewal

  • Up to 100% of the DBP check via local, regional checks only of client's third party/customer payable to Borrower only
  • Out-of-town, second-endorsed and client's own checks are not eligible to purchase
Term of Availment

Maturity of DBP availment shall be the maturity of the last maturing check, provided it does not exceed line expiry

Interest Rate

Usual DBP charges. If check is dishonored, prevailing lending rate + 36% of p.a. penalty to be collected from the date of clearing until fully paid

Repayment Collateral

Principal payable upon clearing of the check

  • Any prime residential/commercial/industrial properties with or without buidling improvements
  • Cash deposits
  • No collateral, OR clean, but given to valued clients with substantial ADB for the past 6 months (subject to approval)
Mode of Repayment
Turnaround Time

Approval within 20 banking days or less from submission of complete documents

Check purchasing for immediate funding of deposit account


Application / Processing Fee
  • PhP2.00 for every PhP1,000.00 of loan amount
    • For new SME clients: Minimum of PhP3,000 and maximum of PhP15,000
    • For existing SME clients: Minimum of PhP2,000 and maximum of PhP10,000
Notarial fee

PhP500 per document


Local Clearing Checks Computation
First PhP100,000 Minimum of PhP300.00
In excess of PhP100,000 Excess x 0.0015
Regional Clearing Checks Computation
For the first PhP100,000 Minimum of PhP600
In excess of PhP100,000 Excess x 0.0030


Late payment penalty fee

3% per month or a fraction thereof shall be added on each unpaid installment from its due date until fully paid.

Attorney’s fees and Liquidated Damages

In case the Bank / Financial Institution should engage the services of counsel to enforce its rights under this Agreement, the Borrower / Mortgagor shall pay an amount equal to ten (10) percent of the outstanding Loan and Secured Obligations which in no case shall be lower than PhP50,000. The Borrower / Mortgagor shall likewise be liable for and bear the costs of legal fees and expenses entailed in the foreclosure, collection, and/or enforcement of this Agreement.

Note: All aforesaid fees and charges will take effect immediately and may be cancelled or modified anytime at the Bank’s sole discretion without any prior notice.

  • For SME Loans with Real Estate Property Collateral:
    • Completely filled-out and signed Business Loan Application Form and Statement of Assets & Liabilities
    • Two (2) valid IDs

    • Business registration papers:
      • DTI Certificate of Registration
      • 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:
    • Completely filled-out and signed Business Loan Application Form and Statement of Assets & Liabilities
    • 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:
      • Completely filled-out Business Loan Application Form and Statement of Assets & Liabilities
      • Two (2) valid IDs
      • Income Tax Return (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

A cooling-off period of two (2) banking days is granted from the signing of the loan documents and/or payment of applicable bank fees, whichever comes first.  During the cooling-off period, the borrower may cancel or terminate the loan without penalties, by submitting a written notice to the Bank, provided that the loan proceeds have not been released; and he/she shall be entitled to a refund of any fees or payments made, if any and as applicable, except for appraisal fees. The Bank, however, reserves the right to collect reasonable processing and administrative fees to cover the costs incurred during the loan processing.  The cooling-off period is available for financial consumers who are individuals, or micro and small enterprises as defined in applicable DTI regulations.

For more information:

Quick Loan Inquiry and Insurance Portal

Inquire Now

PSBank Near You


PH Peso - US Dollars

PhP {{buying}}

Today is April 25, 2024
Guiding Rate as of {{asOf | date: 'MM/dd/yy'}}

PSBank Online

Log in