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PSBank business loans for december 2022 in the Philippines

PSBank
Get a business loan at PSBank. On 03.12.2022 there are 5 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.

Offers: 5

Updated:
19.10.2022
09:43
PSBank Domestic Bills Purchase Line
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
PSBank Standby Credit Line Certification
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
from ₱2,000,000
Rate
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Effective interest rate on the product

1% per month
PSBank SME 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
from ₱2,000,000
Submit your loan application online
Submit your loan application online

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

PSBank SME Business 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
from ₱2,000,000
PSBank SME Term Loan with Prime Rebate
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
from ₱2,000,000
Term
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Loan term for the financial product

up to 7 years

PSBank business loans calculator in the Philippines

Best loan calculator
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PHP
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10000 ₱
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months
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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.

Get your loan!
Get your loan!

Get the money to a bank account.

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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
PSBank business loans for december 2022

PSBank business loans are tailored to the needs of medium and small-enterprise owners.

Types of PSBank business loans

There are five types, and we will look at them in this subsection:

  • PSBank SME Term Loan with Prime Rebate. This financing will assist you in building and expanding your firm in the manner that you want. You have complete control of the PSBank SME term loan with a prime rebate. You have complete control over when and how your company expands. The loan with prime rebate provides small businesses with reasonable rates and customizable repayment alternatives that are tailored to your company's needs. It has a maturity range of one year to seven years. The loan is repaid by amortizing the principal and interest over the life of the loan. Furthermore, it has a prime rebate, which allows you to receive a loan interest discount if you make early or surplus payments on your monthly due, putting your money to work for you. The minimum loan amount is ₱2 million for real estate properties and ₱500,000 for deposits. The loan period is one-year minimum and seven years maximum from the date of initial availment.
  • PSBank SME Business Credit Line. This loan is intended to provide operating cash to entrepreneurs of small and medium-sized enterprises. It enables them to expand their business with confidence and ease. So, whether you need to boost your working capital, replenish your inventory, or extend your square footage, the loan is a good option. You can get instant access to cash as well as one of the market's lowest interest rates. There's no need to sign a debt instrument or go to the branch whenever you need money. The minimum loanable amount is ₱2 million if real estate property is used as collateral and ₱500,000 if deposits are used as collateral.
  • PSBank SME Credit Line. PSBank understands that building and expanding your business is always necessary. So, with this loan, you can receive extra cash for working capital, fill gaps in your financial regulations, and take advantage of the potential to build your firm. The loan can be tailored to your company's size, budget, and financial requirements. The minimum loan amount is ₱2 million for real estate collateral property and ₱500,000 for deposits.
  • PSBank Standby Credit Line Certification. This loan assists small and medium-sized firms (SMEs) in facilitating trade with their primary clients by issuing a standby letter of credit. This document would show that your company has an accessible credit line from which the beneficiary can draw after the transaction or service is finished. As a result, you can be confident that your organization has the resources to undertake and complete a deal. The minimum loanable amount is ₱2 million for real estate collateral property and ₱500,000 for deposit collateral.
  • PSBank Domestic Bills Purchase (DBP) Line. With this loan, the bank will buy your dated checks or sales bills and advance the funds to you, subject to client payment and bank approvals. This way, cash from receivables will be available to you immediately. The sooner you get the funds from your sales, the sooner you may capitalize on possibilities and propel your company forward. The line amount is calculated using 50% of the average daily balance over the previous six months.

How to apply for PSBank business loans?

Follow the instructions below to apply for this loan successfully:

  1. Visit the PSBank official website.

  2. Highlight your mouse through Loans and then select Business.

  3. Go down and check under PSBank Online Loan Application, select Business loan, and click on Apply now.

  4. Input your contact details and your preferred appointment date and time. Click on Submit when done. You have successfully booked a home loan appointment with PSBank customer care.

  5. Visit the bank premises on the designated date with all the needed documents to complete your application.

Requirements

Some of the major requirements are:

  • Filled and signed PSBank business loan application form.
  • Statement of assets and liabilities.
  • Two valid government-issued IDs.
  • Business registration papers like the DTI certificate of registration.

Please visit the PSBank website for a complete and extended requirements list.

Pros and cons

Below are some honest pros and cons of this loan:

Pros

  • There are several loans to choose from.
  • The loan also has the prime rebate promo.

Cons

  • The loan application is offline.
  • The bank requires a lot of documents before they can approve a loan application.

How to repay?

PSBank SME business loan clients have a variety of payment options. Monthly payments can be made at any PSBank branch or by issuing PSBank post-dated checks. Borrowers can also utilize the auto-debit arrangement (ADA), which requires them to enter their accounts and the amount and payment schedule. Every month, the payments will be withdrawn automatically from their PSBank savings or checking accounts.

FAQ

What can serve as collateral for my PSBank business loan?

An empty lot, a house and lot, a condominium, a deposit, a company building, or an industrial structure are all examples of potential collateral.

What happens if I can't pay back a PSBank SME business loan?

If you cannot repay a business loan, PSBank may sue you to reclaim the loan's principal and any unpaid interest, fees, or penalties.