SmallBiz Term Loan

The SmallBiz Term Loan is an individual loan product designed to cater the financial needs of businessmen who wish to further improve their business operations. It aims to make available affordable and easily accessible credit to entrepreneurs to help them finance and/or expand their present business operations and increase their incomes.


Loan Amount

Loan amount ranges between P150,000.00 to 20M subject to client’s capacity to pay. Loan increases are subject to repayment behavior and cash flow evaluation.

QUALIFICATION
Single proprietorship, Partnership, Corporation, Cooperative
21 to 60 years old
A resident in the branch trade area for at least 3 years
Business has been existing for at least 3 years
Business is generating a daily, weekly, semi-monthly or monthly income
No delinquent accounts with other financial institutions
No adverse record with local and national credit bureaus
No collection or sum of money cases in the Barangay or municipal court
Willingness to open a Contractual Savings with RMB and save while there is an active loan

*Terms and Conditions

Excellent repayment of previous loan.

Term: Up to 36 months only.

Frequency of Payment: Weekly, Semi-monthly and Monthly

*depending on business activity.