Choose a country
Philippines
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
Philippines
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Россия
Україна

DBP business loans for September 2022 in the Philippines

Get a business loan at DBP. On 25.09.2022 there are 6 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.

Offers: 6

Updated:
01.09.2022
08:28
DBP
Rediscounting Line Facility for Financial Institutions
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 85% of the current outstanding principal balance
Rate
i

Effective interest rate on the product

prevailing market rate
Term
i

Loan term for the financial product

up to 3 years
DBP
Agroforestry Plantation Program (APP)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 90% of total project cost
Rate
i

Effective interest rate on the product

prevailing market rate
Term
i

Loan term for the financial product

up to 15 years
DBP
Swine Repopulation, Rehabilitation and Recovery (Swine R3) Credit Program
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 100% of total project cost
Rate
i

Effective interest rate on the product

5% per year
Term
i

Loan term for the financial product

up to 10 years
Submit your loan application online
Submit your loan application online

Take advantage of our business loan selection system with a free credit check!

DBP
Rural Agro-enterprise Partnership for Inclusive Development and Growth (RAPID Growth) Credit Facility
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 90% of the total project cost net of the matching grant
Rate
i

Effective interest rate on the product

prevailing market rate
Term
i

Loan term for the financial product

up to 10 years
DBP
Sustainable Agribusiness Financing Program for the Dairy Industry (SAFP-DAIRY)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 80% of the Total Project cost or value of Purchase Order
Rate
i

Effective interest rate on the product

prevailing market rate
Term
i

Loan term for the financial product

up to 10 years
DBP
Expanded Rice Credit Assistance Under Rice Competitiveness Enhancement Fund (ERCA-RCEF)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 90% of the Total Project Cost
Rate
i

Effective interest rate on the product

0% - 2% per year

Business loan application in the Philippines

Loan amount
i

Specify the desired loan amount

100000 ₱
10000000 ₱
Loan term
i

Specify the loan term for the calculation

1
72
Business loan application
Your data is securely protected
Loan amount
0 ₱
Loan term
0 month
Loan comission
29 246
More

Other types of business loans

How to get a business loan

Fill out your application
Fill out your application
On our website you can fill out a short application form for a loan.
Pass a credit check
Pass a credit check
We will offer you to check your credit score online for free.
Send your application online to the suggested companies
Send your application online to the suggested companies
After checking your credit rate, you will be able to send your loan application to the appropriate companies.
Wait for a response from the lender
Wait for a response from the lender
If necessary, the lender will contact you to clarify the details.
Get your loan!
Get your loan!
Get the money to a bank account.
Apply for a loan Your data is securely protected
DBP business loans for September 2022

The DBP business loans are also known as micro, small, and medium enterprises loans. It is a way the bank supports Filipino business owners through its Sustainable Enterprises for Economic Development (SEED) program. Additionally, DBP promotes agricultural competitiveness and food security through its Sustainable Agribusiness Financing Program (SAFP). By creating jobs and promoting regional products through these initiatives, DBP also contributes to the prosperity of local communities.

Types of DBP business loans

As mentioned earlier, there are two types of DBP business loans: the Sustainable Enterprises for Economic Development (SEED) and the Sustainable Agribusiness Financing Program (SAFP).

Sustainable enterprises for economic development

This is DBP's overarching initiative for small, medium-sized, and microbusinesses (MSMEs). The SEED Program seeks to increase MSMEs' contribution to long-term economic growth. By introducing alternate methods of securing MSME loans, the initiative also intends to bring MSMEs into the mainstream of banking, increase the Bank's lending reach, and aid in creating employment and income prospects. There are two loan types under this umbrella:

  • The DBP response to accelerating MSME recovery.

  • Rediscounting line facility for financial institutions.

The sustainable agribusiness financing program

The bank's overarching agricultural sector program is called the Sustainable Agribusiness Financing Program (SAFP). By providing financial support for agribusiness initiatives, the SAFP seeks to promote agribusiness for rural development and enhance the competitiveness and efficiency of farmers and fisherfolk in the nation. The loan is sub-divided into five parts:

  • Swine repopulation, recovery, and rehabilitation (Swine R3) credit program.

  • Program for sustainable agribusiness financing in the dairy sector.

  • Rice competitiveness enhancement fund: Expanded credit assistance for rice.

  • Agroforestry plantation program.

  • Partnership for inclusive growth and development in rural agro-enterprises.

How to apply for a DBP business loan?

Here are three easy steps to follow if you want to apply for a DBP loan for micro, small, or medium-sized businesses:

  1. Discuss your loan proposal for a micro, small, or medium-sized company with a DBP account officer. Consult them, and DBP will evaluate your company's requirements.

  2. File your application form and all necessary supporting documentation. DBP will assess and process your application as necessary after submission. If your application is accepted, DBP will inform you in writing and via phone.

  3. Open a DBP account if you don't already have one after your application has been approved. After that, everything will be done through your DBP account.

Requirements

The entire loan application requirements and eligibility depend on the type of business loan you want, which will be communicated to applicants during the loan application. Some of the general requirements are:

  • Fully completed application form.

  • DBP customer record form.

  • DBP confidential information sheet.

  • Two copies of the borrower(s)' current, valid IDs (government-issued IDs).

  • Registration of business forms.

  • Business license (from LGU).

  • Three years old income tax returns (if applicable).

  • Statement of assets, liabilities, and the principal borrower(snet )'s net worth (if applicable).

  • Last three months' worth of bank statements (if applicable).

  • Business plan with an income statement and cash flow projection included.

Pros and cons

These honest pros and cons are worth checking out if you are interested in a DBP business loan.

Pros

  • The loan covers many business types, which means your business is more likely to be inclusive.

  • DBP covers all the loan requirements and information on its website, so you can know if you are eligible or not without having to visit a bank branch.

Cons

  • There is a very long list of requirements, some of which you must pay extra money for to get.

  • It takes time before your loan application is approved.

How to repay a DBP business loan?

There is not much info from the bank about loan repayment, but most business loans in the Philippines are paid back in fixed or equal monthly payments that include both the principal and interest. Call the bank's customer care at (02) 683-8324 for more information.

FAQ

Who are the eligible borrowers for a DBP business loan?

Eligible borrowers for DBP business loans are:

  • Business owners with an existing current account either with the Development Bank of the Philippines or any other recognized bank.

  • Applicants that do not have any adverse findings upon credit investigation.

What are the general loan terms and conditions for a DBP business loan?

Below are some of the terms and conditions for a DBP business loan:

  • The minimum loanable amount is ₱300,000, with the maximum ₱1,000,000. 

  • The maximum percentage loanable based on audited net income is 50% for first-time borrowers and 60% for subsequent ones. 

  • The loan tenor is one or two years, subject to debt service coverage compliance.

  • The payment is made every month.

  • The interest rate is fixed at 9% p.a. for a one-year loan and 10% p.a. for a two-year loan.

  • The loan collateral security is the post-dated checks from non-DBP accounts.