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At PSBank, we know it’s important to build and expand your organization the way you envision it. With our PSBank SME Term Loan with Prime Rebate, you are in the driver’s seat. You control when and how to grow your company.

The PSBank SME Term Loan with Prime Rebate offers competitive rates for small businesses and customized repayment options suitable for your company’s needs. It provides you with a specific amount of funds that is perfect for fixed asset acquisition, construction or to boost your permanent working capital. It is also an ideal option when you want to cover your organization’s long-term financing needs while preserving your own funds.

The PSBank SME Term Loan with Prime Rebate comes with a maturity of 1 year up to 7 years. Repayment is through amortization of principal and interest during the loan period. What’s more, it comes with Prime Rebate, which allows you to get a loan interest discount whenever you make advance or excess payments on your monthly due, making your money work for you.



Loan Amount
  • Minimum of PhP2 million if collateral is real estate property
  • PhP500,000 if against deposits
Loan Term

Minimum of 1 year and maximum of 7 years from date of initial availment
Availability

Lump sum release or staggered basis.  For construction loans, based on % progress completion, with the first release up to 60% of appraised land value.
Interest Rate

Based on the prevailing lending rate of the Bank at the time of loan availment
Interest Repricing

Monthly, Quarterly, Semi-annually, Annually and Fixed for the term
Repayment

Repayment shall commence 1 month after each drawdown or at most 1 year from first release, depending on approval, In construction loans, maximum grace period of 12 months on principal payment could be allowed depending on approval.
Collateral
  • Any prime residential / commercial / industrial property with or without building improvements
  • Cash deposits
Modes of Payment
Turnaround Time

Approval within 20 banking days or less from submission of complete documents
  • Equal monthly payments for the entire term

  • PSBank Prime Rebate:
    • Allows customers to earn rebates or savings when they make advance or excess payments on their PSBank SME Term Loan’s monthly due. 
      • The rebate is automatically applied to all new and existing term loans. The client does not need to register or enroll to get the rebate.
      • Rebates earned from advance/excess payments are computed on a daily basis–including weekends and holidays, starting on the date the payment is posted, and credited every due date.

    • How does the PSBank Prime Rebate work?
      • Make an Advance Payment: For example, when you pay five (5) days before your loan’s monthly due date, you will actually earn a rebate on a daily basis from the day your payment was posted to the day before your loan’s due date.
      • Make an Excess Payment: If you pay in excess of the amount required on your due date, you will earn a rebate on a daily basis from the date of posting up to the day before the next due date.

BOOKING FEES AND CHARGES

Processing fee

Loan amount x 0.002; minimum of PhP3,000 and maximum of PhP15,000 for new to SME client; minimum of PhP2,000 and maximum of PhP10,000 if already with existing SME facility
Handling Fee

Loan amount x 0.00125; minimum of PhP2,000
Documentary Stamps for Real Estate Mortgage Registration

(Loan amount / 200) x PhP1.50

Note: Always round up to the nearest peso; if with secured and unsecured portions, DST should be computed separately for each portion
Notarial fee

PhP500 per document
Appraisal fee

For New Accounts and Additional or Change in Collateral requests for existing accounts: PhP3,500 per title + PhP500 per additional title in same location or PhP3,500 per additional title in a different location
Title Handling Fee

PhP1,500 per title
Credit Life Insurance (CLI)

Loan amount x 0.0048
Fire Insurance

Depends on appraised value of improvement on collateral
Registration fees for New and
Additional Real Estate Mortgage (REM)

Actual registration fees per Registry of Deeds fees schedule / (assessment + service charge)

Note: In accordance to actual Registry of Deeds fees
Cancellation of Previous Real
Estate Mortgage (REM)

Actual cancellation fees per Registry of Deeds fees schedule / (assessment + service charge)

Note: In accordance to actual Registry of Deeds fees
Cancellation of Sec. 4 Rule 74
(annotation on the title)

PhP1,804 shall be charged plus PhP300 for every additional title plus
applicable out of town charges if collateral is located outside Metro Manila

Note: Subject to change in accordance to actual Registration of Deeds fees
Cancellation of Sec. 7 RA 26
(annotation of court order and
finality on title)

PhP2,191 shall be charged plus PhP300 for every additional title plus
applicable out of town charges if collateral is located outside Metro Manila

Note: Subject to change in accordance to actual Registration of Deeds fees
Other Miscellaneous fees related to Real Estate Mortgage registration

Based on loan amount and actual registration fees per Registry of Deeds fees schedule / (assessment + service charge)

POST - BOOKING FEES AND CHARGES

Issuance of Cancellation Documents
  • 1st issuance: Pay Notarial Fee of PhP500
  • 2nd and every issuance thereafter:
    • Notarial Fee: PhP500
    • Processing Fee: PhP2,000 
Pre-termination charges

FREE OF CHARGE
Penalty Charges for Returned Checks

Penalty charges shall be computed as follows: Amount of returned check x 3% x no. of days (date paid - date of availment) / 30 days
Safekeeping fees

A fee of PhP2,000 Shall be charged if collateral loan document/s is/are unclaimed after 90 days to 120 days from loan closure date. An additional fee of PhP1,000 shall be charged for every 30 days succeeding the 120-day period.

OTHER FEES AND CHARGES (If applicable)

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 made over 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, if engaged in manpower, labor or transport business
      • Purchase Orders, if engaged in export business
      • Supply Contract, if engaged in contact growing
      • Licenses or accreditation from institutions or government agencies, for businesses engaged in providing healthcare, overseas & local manpower and for 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.

Truth and Transparency in Lending
Enhanced Implementation of the Truth in Lending Act (Republic Act 3765)


The State protects its citizen from a lack of awareness of the true cost of credit to the customer by assuring a full disclosure of such cost and other terms and conditions with a view of preventing the uninformed use of credit.

As such, a disclosure statement is a required attachment to the loan contract. It shall include, at a minimum, the following information:

1.) Total amount to be financed
2.) Finance Charges and all other charges incident to the loan
3.) Net proceeds of the loan
4.) Schedule of Payments
5.) The percentage that the finance charge bears to the total amount to be financed expressed as an Effective Interest Rate (EIR)

Important Notice: The Bank is required to provide the borrower a copy of the disclosure statement prior to the consummation of the credit transaction.

For more information:




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