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Power Negosyo Enterprise Loan (PNEL)

Now you can expand your business thru non-collateral financing that fits your needs!

Features(applicable for PNL 150 & PNL 300):

  • No collateral
  • Low interest rate
  • Maximum loan amount of up to P300,000
  • Loan purpose for business expansion
  • Longer term of up to 2 years
  • No upfront payment, fees to be deducted from loan proceeds
  • Minimal pre-approval required documents
  • For business expansion, such as inventory build-up, opening of a new branch, venturing into a new business, gap receivables, acquiring new assets, etc.

 

Variant

PNL150 *

PNL300

PNL500

Area

Outside NCR

Nationwide

Nationwide

Target Market

mSME

mSME

mSME

Purpose

Business Expansion

Business Expansion

Business Expansion

Amount

P50,000– P150,000

P150,001– P300,000

P300,001–P500,000

Term

3/6/9/12 months

Up to 24 months

Up to 36 months

Interest Rate

2.0% per month

1.5% per month

1.0% per month

Collateral

Clean / with PDCs

Clean / with PDCs

with REM/CHM

Manner of Release

One time upon completion of the documents

One time upon completion of documents

Can be one time or in tranches

Processing Fee

1,000

1,000

1,000

Other Fees

Documentary Stamp Tax, Credit Life Insurance, Notarial Fee

Documentary Stamp Tax, Credit Life Insurance, Notarial Fee

Same + annotation fees