Professional Documents
Culture Documents
Product Features
Credit Facility:
Revolving Credit Line and Fixed Term Loan. Borrower may choose any loan option
on a per transaction basis.
Loan Amount:
Minimum of PhP20,000
Maximum of PhP250,000
For fixed term loan transaction, the borrower pays a fixed amount
over a certain period
Payment Tenors (applicable
for Fixed Term Loan):
Minimum Monthly
Repayment (Minimum
Amount Due):
24 or 36 months
Statement of Account
Benefits
Consumers still prefer cash on hand versus credit card as it can be used anywhere,
anytime. And if one will use the cash advance facility of credit cards, a 5% fee is collected on
top of the revolving rate.
Any payment made can be used again if needed in the future. No need to re-apply.
Interest is applied only on the amount used and not on the entire credit line amount.
If employed, must be at least two years permanent work status with one year
tenure in current employer.
If engaged in business, must be operating profitably for the last three years.
Gross monthly income of at least PhP15,000 for employed and PhP30,000 for
self-employed.
With residential landline or mobile number, business landline and email address.
Requirements
Photocopy of any of the following identification cards: Company ID, SSS, GSIS,
PRC, Driver's License, Passport or TIN (plastic card type), Firearms License, NBI
Clearance, Integrated Bar of the Philippines ID
Photocopy of BIR form 1701 for self-employed applicants and Auditor's Report
and Financial Statement with BIR Stamp
Original copy of the latest credit card billing statement (with the client as the
PRINCIPAL cardholder)