Loanable Amount
Up to P10 Million
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Description
CBS offers a financial support to small businesses who is into business expansion thru term loans. Placements and real estate property are acceptable collaterals. Loan terms can be from 1 to 5 years.
Requirements
General Documents
• Duly filled-out Pre-screening Form signed by the originating AO/BM
• Duly filled-out Application Form signed by the borrower/s
• Copy of the Official Receipt of Appraisal Fee
• Copy of valid ID (with photo & signature) of the borrower/s, major shareholders and authorized signatories, if applicable
• Latest Income Tax Return (ITR)
• Latest two (2) months pay slips
• Certificate of Employment with Compensation
Collateral Documents-REM
• Copy of OCT / TCT / CCT
• Updated tax declaration
• Vicinity Map / Location Plan / Lot Plan
• Master Deed of Restriction (for Condo units)
• Building Plans (for Building Construction)
• Costing of Materials (for Building Construction)
How to Apply
Application process not stated; visit nearest open China Bank Savings
Eligibilities
• Filipino citizen, of legal age but not more than 65 years old upon maturity of the loan
• At least 3 years of profitable business operation
• 3 years in practice for professionals
Processing Time
2-4 weeks