A convenient secured loan option with high loanable amount and low interest rates.
This loan is perfect for larger SMEs who are looking to make big purchases or investments to scale their business.
This secured loan can go up to P20M for 10 years loan term if you have the collateral to back it up.
Up to a max of 10 years (for asset acquisition, loan take out and construction) and 5 years for permanent working capital.
Higher loan amount compared to other business loans
Lower interest rates and offer tailored to client needs
Approval in 15-20
Startups (operating less than 3 years) are acceptable on a case to case basis
|Fixing Period||Interest Rate per annum %
For loan amount of P5M below
|Interest Rate per annum %
For loan amount of P5M above
|1 Year||NO MORE FIXING RATE||NO MORE FIXING RATE|
|2 Years||NO MORE FIXING RATE||NO MORE FIXING RATE|
|Revolving Credit Line|
|Regardless of loan term||9.75%||9.25%|
*Please note that BML rates change on a monthly basis
**Rates are not applicable to BML amortized loans due for repricing
|Residential Properties||80% of Appraised Value for lot with improvement
80% for vacant lot
|Commercial Properties||80% of Appraised Value|
|Mixed-use Properties||80% of Appraised Value|
|Hold-out Deposit||100% of Peso deposit accounts maintained with SBC.|
|Appraisal fee||Paid upfront– PHP 3,500 (Metro Manila); PHP 4,500 (Outside MM);PHP 500 for additional titles within same area|
|Real estate mortgage fees||Paid upon approval–~2.5% to 3.0% of loan amount
(inclusive of: DST, registration fee, notarial fee, processing fee)
|Late Payment Fee||24% per day of unpaid amortization + past due interest for
technical past dues
Effective September 19, 2021: 2% of unpaid amortization
Collateral Docs for Real Estate
Additional Documents for Specific Loan Purpose
CONSTRUCTION OR RENOVATION