Enterprise Loan
| Enterprise Loan Details | |
|---|---|
| Loan Amount | Maximum of ₱300,000 |
| Interest Rate | 3% per month (Diminishing) |
| Terms | Maximum of 36 months (3 years) |
| Share Capital Requirements | None, but encouraged to add share capital, especially for the first loan |
| Collateral to be Submitted | None |
| Collateral Subject to Forfeiture / Foreclosure / Repossess Once Default in Payment | None |
| Processing Time | 3 to 4 days after CIBI |
| Eligibility / Qualifications | With ₱1,700 share capital, established business, and attendance of an entrepreneurial seminar under the SMEC department |
| Age Limit | Maximum up to 69 years old upon maturity |
| Insurable Age | Up to 69 years old |
| Cash Out | None |