PHILIPPINES CHINA TRUST BANK CORPORATION LOANS
BACK-TO-BACK LOAN
- Back-to-Back Loan is a standby loan available to existing Savings and Time Deposit account holders that intends to bridge financial gaps for personal and business purpose.
Features
- For a minimum of PhP100, 000 loan, a client can borrow against his Savings and Time Deposit in Peso or US Dollar.
Requirements
- Conforme
- Offering Ticket (OT)
- Auto Debit Arrangement (ADA)
- Two (2) copies of notarized Promissory Note with Deed of Assignment (PNDA)
- Marital consent shall be required unless waiver for such condition is stipulated in the Offering Ticket (for assignors who are married)
- In case of corporate borrowers, a Secretary’s Certificate on the Corporation’s Board of Approval:
- authorizing the Officers of the Corporation to secure a loan from the Bank
- authorizing the use of the deposit as a collateral for the loan
- specifying the authorized signatories for the documents related to the transactions
- Certificate of Time Deposit duly endorsed by the depositor/assignor or passbook stamped “With Hold-Out”
SME BUSINESS LOAN
The Small and Medium Enterprise (SME) Business Loan is a secured credit facility that caters to the business financing requirements of entrepreneurs and business owners. The program provides Short Term Loans or Revolving Credit Lines and Term Loans.
Features
- Facility:
Short Term Loan (Revolving Credit Line) – a 30 to 180-day revolving credit line ideal for business operating and working capital requirements
Term Loan – a credit facility paid in monthly amortizations for a period of up to 10 years to address long term financing needs of businesses
- Purpose:
- Business Expansion
- Acquisition
- Working Capital
- Refinancing of existing credit facilities
- Loan Amount:
Minimum: PhP500, 000
Maximum: PhP50, 000,000
- Processing Time: 21 banking days
- Term:
Term Loan: Up to 10 years
Short Term Loan: 30, 60, 90, or 180 days
- Interest Rate: Prevailing SME Business Loan rate at time of availment
- Interest Rate Fixing:
Term Loan: 1, 2, 3, 4 and 5 years fixing term
Short Term Loan: 30, 60, 90, or 180 days
- Collateral: Real Estate properties
Minimum Eligibility Criteria
Proprietorships, partnerships and corporations who:
- are Filipino-owned
- have been in business operations for at least three (3) years
Requirements
- Duly filled-out and signed application form
- Payment of appraisal fee
- Photocopy of two (2) valid IDs of each authorized signatory
- Business registration papers issued by the Department of Trade and Industry (for sole proprietors)
- SEC Registration Certificate, Articles of Incorporation, By-Laws and latest General Information Sheet (GIS) (for corporations)
- Latest six (6) months bank statement
- Audited Financial Statements for the last three (3) years
- Income Tax Return for the last three (3) years
- Photocopy of TCT / CCT
- Photocopy of lot plan / vicinity plan / subdivision plan
- Photocopy of Tax Declaration
BUSINESS LOANS
- Short-term Loans: This is a loan facility established to finance interim requirements to manage inventory, accounts receivables and payables, cash and other working capital-related corporate expenses.
- Term Loan Financing: A loan product set-up to finance capital expenses related to plant expansion, equipment and machinery purchases, land acquisition and other intermediate term requirements.
- Syndicated Financing: For large-scale financing requirements denominated in Philippine Pesos or US Dollars, CTBC BANK can organize a group or syndicate of banks and investors who will each act as a participating lender in the facility.
- Omnibus Facility: A multi-purpose credit line which may be drawn on a one-time or multiple bases.
- Discounting Facility: A type of credit line granted by the bank against an assignment of post-dated checks issued by the bank-customer’s vendors. Repayment of the loan is taken from the proceeds of the matured postdated checks.
- Domestic Bills Purchase Line: A type of financing product where the bank purchases current dated checks
