Small and Medium Enterprise (SME) Business Loan

 

Yuanta Saving Bank Offers Financing assistance to entrepreneurs in the form of a secured or unsecured term loan or revolving credit faclity for the follwing loan purpose.

  • - Additional working capital
  • - Purchase of new equipment/machineries to improve the business production
  • - Purchase additional inventory/ supplies

OVERVIEW



Loanable Amount
  • PHP 100,000 to 1,000,000 for unsecured loan

    (Subject to a *collateral for higher loan amount)

  • - Condominium Unit/s
  • - Bank Deposits
Maximum Term 5 Years for Term Loan
6 months to 2 years for Revolving Credit Line
Mode of Payment Post-Dated Checks
Processing Time Clean Loan :
At least 10 banking days upon submission of complete requirements

Secured Loan :
At least 20 banking days upon submission of complete requirements


QUALIFICATIONS



  • ○ At least 23 years old and not exceeding 59 years old upon loan maturity

  • ○ Business must be profitable for the last 3 years



APPLICATION REQUIREMENTS



General Requirements (Sole Proprietorship)
  • ○ Completely Filled-Up Application form with 2x2 Photo
  • ○ Copy of 2 Government Issued IDs with 3 specimen signatures
  • ○ Latest residential proof of billing
  • ○ DTI registration
  • ○ BIR Certficate of Registration
  • ○ Business Permit
  • ○ Mayor's Permit
  • ○ Barangay Clearance
  • ○ Latest 3 years Audited Financial Statements with Income Tax Return (ITR)
  • ○ Latest 6 months Bank Statements
General Requirements (Corporation)
  • ○ Completely Filled-Up Application form with 2x2 Photo
  • ○ Copy of 2 Government Issued IDs with 3 specimen signatures
  • ○ SEC Papers
  • ○ Latest General Information Sheet
  • ○ Articles of Incorporation BY-Laws
  • ○ Board Resolution/Secretary's Certificate
  • ○ Latest 3 years Audited Financial Statements with Income Tax Return (ITR)
  • ○ Latest 6 months Bank Statements
Income Documents
(For Employed)
  • ○ Contract of Emplyoment
  • ○ Latest one month payslip
  • ○ Latest ITR (Form 2316)
Collateral Documents
(For secured loan)
  • ○ Conominium Certificate of Title (CCT) under the name of the borrowwer
  • ○ Tax Declaration
  • ○ Updated tax reciept and Tax Cleareance
  • ○ Insurance of the collateral endorsed to Bank


LOAN CHARGES



Processing Fee PHP 1,500
Credit life Insurance Based on the approved loan amount
Documentary Stamp Tax PHP 1.50 for every PHP 200 of the loan amount or fractional part of thereof
Notarial Fee PHP 200
Appraisal Fee PHP 1500

(Shall apply to condomnium unit/s with less than PHP 5 Million as principal loan amount)



PHP 6,000

(Shall apply to condomnium unit/s with PHP 5 Million as principal loan amount)



*Amount indicated above may vary depending on the location and size of the property

 

© 2017 Yuanta Savings Bank Philippines, Inc. All right reserved.

a proud member of

 

Yuanta Savings Bank Philippines, Inc. is a wholly owned subsidiary of Yuanta Commercial Bank in Taiwan, and is regulated by the Bangko Sentral ng Pilipinas.

For inquiries or complaints, you may call Yuanta Savings Bank Customer Service at (02) 845-3838 or send e-mail to ysb.customerservice@yuanta.com.ph.

Similarly, you may also contact the BSP Financial Consumer Protection Department at (02) 708-7087.