A convenient secured loan option with a high loanable amount and flexible loan terms.
This loan is perfect for growing businesses that are looking to make big purchases or investments to scale up. Whether it’s for property acquisitions or working capital, this secured loan can go up to P20M for 20 years loan term if you have the collateral to back it up. Startups are welcome to apply!
Up to a max of 20 years depending on the bank’s valuation.
Compared to other business loans in the market
Rates are tailored to client’s needs
Get approved in as fast as 15-20 working days
Loan terms can be up to 20 years depending on the bank’s valuation
|Facility||Working Capital Loan (Term)|
|Maximum Term||2 years|
|Interest Rate||7.0% per annum*|
|Loan Amount||Existing minimum and maximum policy|
|Booking Period||Until December 29, 2021|
|Effectivity||Turn-ins starting August 24, 2021|
*No one-year fixing period
|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|
*Please note that BML rates change on a monthly basis
**Rates are not applicable to BML amortized loans due for repricing
|Residential Properties||Up to 80% of Appraised Value for lot with improvement and vacant lot*|
|Commercial Properties||Up to 80% of Appraised Value*|
|Mixed-use Properties||Up to 80% of Appraised Value*|
|Hold-out Deposit||100% of Peso deposit accounts maintained with SBC.|
*LTV can be as high as 80% depending on the bank’s valuation and capacity to pay evaluation.
|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 October 25, 2021: 2% of unpaid amortization|
*PHP 1,500 discount on Appraisal Fee (for the first property offered as collateral) until October 31, 2021 only.
Collateral Docs for Real Estate
Additional Documents for Specific Loan Purpose
CONSTRUCTION OR RENOVATION