Guide on PSBank Business Loan Loanable Amounts Under Term Loan Offer
PSBANK BUSINESS LOAN – Here is a guide on how much you may borrow under the Term Loan offer of the Philippine Savings Bank (PSBank).
One of the ways to grow your money is through a business. Undeniably, a lot of people became millionaires or, at least, achieved a better and more comfortable status in life because of a successful business.
However, truths be told that there is also a huge risk in business. There is a possibility that your business is not going to work because of several factors thus careful planning is really needed to avoid it from happening.
A business needs a capital depending on its type. Do you want to start one but you need more money as initial capital? You may turn to some entities like the Philippine Savings Bank.
More commonly called as PSBank, the bank got several loans that were specifically designed to meet the needs of businessmen or those who are just aspiring to start a business.
One of the PSBank Business Loan offers is the Term Loan. You may apply for it to meet your capital needs, for construction, or for an acquisition of an asset.
Are you curious how much you may borrow under this PSBank Business Loan? Here are the minimum amounts depending on certain factors while the bank has not specified the maximum loanable amount.
- Minimum Loanable Amount
- Php 2,000,000.00 for a residential property as the collateral
- Php 500,000.00 if against deposits
The following collateral are accepted by the bank:
- Any prime residential / commercial / industrial property with or without building improvements
- Cash deposits
Do you want to apply for this PSBank Business Loan offer? You may visit the nearest branch of the bank to obtain the loan application form and the requirements depending on your source of income and other factors.
Thank you for visiting our website. We hope we have helped you with regards to this PSBank offer. You may keep coming back for more informative guides.