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Maybank business loans for december 2022 in the Philippines

Maybank
Get a business loan at Maybank. On 04.12.2022 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:
18.10.2022
05:07
Developmental Loan
Rating by Finanso®
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Recommended FinScore™
0
300
650
1000
up to 60% from project cost
Term
i

Loan term for the financial product

up to 5 years
Contract-to-Sell
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Recommended FinScore™
0
300
650
1000
Loans against Hold-Out on Deposits
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Recommended FinScore™
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300
650
1000
Submit your loan application online
Submit your loan application online

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

Term Loan
Rating by Finanso®
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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
Term
i

Loan term for the financial product

up to 10 years
Domestic Bills Purchase Line
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
Term
i

Loan term for the financial product

up to 1 year
Revolving Credit Line
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
Term
i

Loan term for the financial product

up to 1 year

Maybank business loans calculator in the Philippines

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PHP
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10000 ₱
200000 ₱
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Business loans interest rates in the Philippines 

According to the guidelines for Bangko Sentral ng Pilipinas Circular No. 1133, Series of 2021, on the ceiling/s of interest rates and other fees charged by lending companies, financing companies, and their online lending platforms, the maximum nominal interest rate for unsecured loans is 6% per month (0,2% per day), and the maximum effective interest rate is 15% per month (0,5% per day). The caps apply to unsecured loans of no more than ₱10000 and payable within four months.

Business loan application in the Philippines

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100000 ₱
10000000 ₱
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1
72
Business loan application
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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.

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BillEase
5
Albert T
Albert T
02.12.2022 at 09:25
The best interest – lower than other companies. I've been using Billease for 2 years, and want to say thanks. You may use it with no fear to pay for you smartphone or smth.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
BillEase
3.2
Erwin P
Erwin P
17.11.2022 at 13:05
I decided to get a second loan, bigger one. But it takes me ages to apply. They already had my info and acc. Why so long? My sis says its the best lender… I dont know.
Review
Maybank business loans for december 2022

Maybank business loans are designed to help your business grow. They offer flexible terms, from fixed-rate loans to revolving credit facilities, and they allow you to make progress while maintaining liquidity.

Types of Maybank business loans

  • Term loan. You are qualified for a term loan if you operate as a sole proprietor, a partnership, or a corporation. You can choose between less than a 360-day short-term loan or a 3, 5, or 10-year long-term loan. When your Term loan is approved, you can use the funds for project financing, modernization of facilities, acquisition of goods and services, and business expansion.
  • Revolving credit line. You can use this line for daily operations, such as employee salaries, or large-scale purchases like equipment or new office space. The validity of this line of credit is one year, but you can only use the portion of the loan for up to 180 days. The revolving credit line is suitable for partnerships, corporates, or sole proprietorships.
  • LC Discounting Line. Exporters and importers part partnership and corporates are eligible for this loan. The discounting line enables you to purchase of draft under Usance LC.
  • Export Advance Line. Use this line to buy materials from overseas suppliers and pay them back with the proceeds from your receivables. You have access to financing with a large margin of up to 80% of the allotted LC, CPO, or SC. With a maximum financing duration of 120 days, you may use this line in USD or PHP currency.
  • Export Bills Purchase Line. The credit facility is eligible for a business of trade, export, an existing Maybank PH loan client, a single proprietor, part of a partnership, or a corporate. Great for paying suppliers on time when you have limited working capital or temporary capital difficulty. Maybank avails financing of up to 100% of the invoice value of part thereof.
  • Domestic Bills Purchase Line. You get funds to help you cater to your daily expenses without waiting until the client's checks clear. You have one year to use this credit facility after it is approved.

How to apply for a Maybank business loan?

  1. Visit your nearest branch to check if you qualify for a Maybank business loan.

  2. Fill in the business details, such as your name, date of birth, address, and email address.

  3. Give the necessary documentation, such as bank statements, to prove your income. You can also submit evidence of business registration and incorporation documents where applicable (if you are a sole proprietor).

  4. When you visit a branch, fill out an application and give it to the loan officer in charge.

  5. After submitting your application, wait for it to be processed.

Requirements for a Maybank PH business loan

General requirements

  • Company profile with the product line.
  • Business papers like Articles of Incorporation with by-laws, latest GIS, DTI or SEC registration, business permit.
  • Three years of ITR and Audited Financial Statements (AFS).
  • Customer and supplier list with contact information.
  • One-year projections.
  • Project details.
  • Photocopy of TCT or CCT with tax declaration and RETR where applicable.
  • Location plan, if applicable.

Requirements for Export Advance Line

  • Disclosure statement
  • Deed of assignment
  • Promissory notes
  • Duly signed purchase order

Requirements for Export Bills Purchase Line

  • Commercial invoice
  • Bill of lading
  • Shipping documents
  • Packing list

Pros and cons of Maybank business loan

These are the benefits and drawbacks of using a Maybank business loan.

Pros

  • The Maybank business loan is a good option for small and medium-sized businesses.
  • The application for a Maybank business loan is easy.
  • The interest rate is competitive, which makes it affordable for most small businesses.

Cons

  • You have limited time to repay the money because it is a short-term loan.
  • You can only apply for this loan from any branch.

How to repay a Maybank PH business loan?

  1. Tap Pay Bills on the GCash dashboard.

  2. Choose the Loans icon.

  3. Scroll down on the list of Payees and select Maybank business loan.

  4. Enter your account information and the amount you wish to pay.

  5. Ensure you have input the correct details and click Confirm.

  6. Wait for the transaction confirmation text.

FAQ

Who are the eligible borrowers for a Maybank business loan?

The potential borrowers include owners of companies that are being established or have been operating for a while. Start-up companies that are looking to grow and expand their operations.

What are the requirements for a Maybank business loan?

To be eligible for a Maybank business loan, your company must meet the following criteria:      

  • The business should be an SEC-registered or DTI-registered company with at least three years of profitable commercial activities.
  • You must meet the minimum annual gross sales requirement.
  • The business must have an excellent credit standing.