Small Entrepreneurial Loan is a product which is offered to both male and female entrepreneurs.
The key feature of this loan is:
- The loan is for expansion of an existing business.
Loan Ceiling (1st loan) | Php 61,000.00 – 100,000.00 |
Follow-on Loan | Up to Php 15,000.00 |
Insurance/loan processing fee | NIL |
No. of Instalments | 23 |
Loan duration/Period | Six months |
Processing time for 1st loan | One week |
Grace Period | One week |
Age Limit | 18-65 years old |
Maximum loan limit | Php 300,000.00 |
In case of death of a relative living in the same house of the borrower, sickness and calamities | One week moratorium |
Collateral requirement | Not required |