NON-COLLATERAL LOANS

Loan Types

  • OFW Loan
  • Business Loan
  • Seaman’s Loan
  • Doctor’s Loan

Non-collateral Loans are loans issued and supported only by borrower’s credit worthiness, rather than by any type of collateral.

OFW Loan

For OFW currently in and out of the country  with basic salary of Php 20,000 and above per month:

  • Latest contract (with POEA validation)
  • Copy of passport
  • Copy of visa
  • Overseas Employment Certificate (OEC)/E-receipt
  • Flight details/Plane ticket

Additional Requirements for Balik Manggagawa:

  • Last arrival stamp
  • Proof of Remittances

Business Loan

  •  Business must be in operation for at least one (1) year.
  • Mayor’s Permit
  • Three (3) months latest bank statement with negotiated checks

For Single-Proprietorship

  • DTI Certificate

For Partnership

  • Articles of Partnership

For Corporation

  • SEC Registration
  • Board Resolution to Borrow
  • Secretary’s Certificate
  • Articles of Incorporation and By-Laws
  • Updated General Information Sheet (GIS)

Seaman’s Loan

For Seafarers about to on-board and are already on-board

  • Latest contract with POEA validation
  • Copy of passport
  • Seafarer’s Registration Certificate (SRC)
  • Seaman’s Book
  • Allotment Certificate
  • Copy of service record (embarkation/disembarkation)

Doctor’s Loan

For General Practitioners, Ophthalmologists, Optometrists, Dentists, and Veterinarians

  • PRC ID (renewal stub if expired)
  • Three (3) months latest bank statement or Three (3) months latest Credit Card bill