Sangla Titulo for Business Owners
Small-Medium Enterprise (SME) Loans secured by REM (Sangla Titulo)
Affordable secured loan product fit for those with real estate property.
Who can loan?
- Must be a Filipino Citizen
- With business operating for at least 3 years
Requirements for Initial Screening:
Any 2 Government-issued Valid IDs
Copies of the following:
- Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
- Updated Tax Declaration of Real Property (Land and Improvements)
- Updated Tax Clearance and Real Property Tax Receipts (Land and Improvements)
- Location Map/Vicinity Map
- Latest 3 months bank statements
- Latest Electric or Water Bill, if not under the name of the borrower, additional proof of residence is required.
- Proof of Tax Identification Number (TIN)
- DTI and Business Permit
Rates/Fees:
- Interest rate – 1.0% per Month for Loans with 1 to 3-year terms
- 1.1% per Month for Loans with 4 to 5-year terms
- Processing Fee – 5.5% of the loan amount
- Appraisal fee and other loan charges – to be discussed upon loan application.
Ready for the next step?