Back to Back Loan
| Back-to-Back Loan Details | |
|---|---|
| Loan Amount | 90% of collateral |
| Interest Rate | 1% per month (Diminishing) |
| Terms | 12 to 180 months (with special approval of term if loan amount is higher) |
| Share Capital Requirements | None |
| Collateral to be Submitted | Savings and/or time deposit |
| Collateral Subject to Forfeiture / Foreclosure / Repossess Once Default in Payment | Savings and/or time deposit |
| Processing Time | 1 Day |
| Eligibility / Qualifications | At least ₱1,700 in share capital |
| Insurable Age | Up to 69 years old |
| Cash Out | None |