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 |
|
|
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|
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 |