Guide on PSBank Business Loan Requirements You Must Submit for Credit Line Application
PSBANK BUSINESS LOAN REQUIREMENTS – Here are the documents required by PSBank if the collateral for a credit line is a time deposit.
Are you looking for a bank that can help you finance your business? One of the banks that you may turn to is the Philippine Savings Bank, a trusted bank which is a subsidiary of Metrobank Corporation. It has several offers.
PSBank wants to help its clients and well as other businessmen grow their business to its maximum by offering different types of business loans. Its business loan offers are apart from its personal, home, and auto loans.
With regards to the business loan offers of the Philippine Savings Bank, there are several offers such as the following:
- PSBank SME Term Loan with Prime Rebate
- PSBank SME Business Credit Line
- PSBank SME Credit Line
- PSBank Standby Credit Line Certification
- PSBank Domestic Bills Purchase Line
You may apply for the credit line to boost your working capital, expand your square footage, stock your inventory, etc., the PSBank SME Business Credit Line may be the best solution for you.
With regards to the credit line, a collateral is required in applying for the loan offer and the PSBank Business Loan requirements depend which type of collateral you will use under your loan offer. It will provide you with a cheque to meet your business’ needs.
You can use a time deposit as the collateral. Here are the PSBank Business Loan requirements if you will use a time deposit as the time collateral:
- duly-accomplished and signed Business Loan Application Form and Statement of Assets & Liabilities
- Time Deposit Certificate with signed endorsement at the back portion
- DTI or SEC registration/By-Laws and Articles of Incorporation if applicant is the company
- two (2) valid IDs