Guide on the AUB Business Loans / Commercial Loan Offers
AUB BUSINESS LOANS – Here is a full list of the commercial loans offered by the Asia United Bank (AUB) that you may apply for.
Are you one of those people who wanted to put up and grow a business but have not enough money to fund for it? There is actually nothing to worry about. A lot of banking companies in the Philippines now got commercial loan offers – one of them is the Asia United Bank (AUB).
The AUB offers these commercial loans for both peso and dollar currencies. There are a lot to choose from depending on your purpose in applying for a loan offer.
Based on the official website of the bank, here is a list of the AUB Business Loans that you may apply for and as well as the specific purposes they serve. The loan term or tenor is also included in their descriptions below.
According to the bank, this loan offer provides a credit line facility for the working capital of the borrower. Its maximum loan term is one(1) year.
If you are up for a business expansion or construction, you may apply for AUB’s Long-Term loan offer. It is also open for the purchase of other capital requirements. The loan tenor under this offer is usually between three(3) to seven(7) years.
Domestic Bills Purchase Line
According to the bank, this loan offer provides an outright purchase of the checks paid to the borrower by his or her clients. The amount will be deposited to his or her account.
Foreign Bills Purchase Line
Dollar-denominate drafts can also be purchased by the bank. It is through the foreign bills purchase line which also directs the amount to the account of the client.
PDC Discounting Line
Through the PDC Discounting Line, a borrower may obtain funds through discounting the post-dated checks paid to him or her by the clients. It is best for urgent needs to en cash checks.
Are you planning to apply for any of the said AUB business loans? You may visit the official website of the bank – https://www.aub.com.ph.
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