Guide on PSBank SME Business Credit Line Loanable Amounts
PSBANK SME BUSINESS CREDIT LINE – Here is a guide on how much you may borrow under this business offer of Philippine Savings Bank (PSBank).
Are you running a business and you are sometimes in need of cash for a capital boost? Undeniably, this is one of the problems that is usually common among business owners.
There are instances when there are big projects to be funded but a business cannot take it due to lack of funds. It is essential to be prepared for this situations so you can accept huge opportunities whenever it will come your way.
One way to prepare for it is through a ready credit line to a bank. The Philippine Savings Bank or more commonly known as PSBank is one of those with the said offer.
There is a PSBank SME Business Credit Line that you may apply for. Under it, you can obtain extra fund to boost your working capital and you can get extra fund anytime even without a promissory note.
According to the bank, under this loan offer, “clients can issue checks even during weekends or holidays or after banking hours” for instant funds. You may pay the principal amount anytime and then borrow again whenever there is a need.
How much you can borrow under PSBank SME Business Credit Line? According to the bank, if the collateral is a real estate property, you may borrow at least Php 2 million. If your collateral is time deposit, the minimum loanable amount is Php 500,000.00.
Are you planning to apply for it? There are documents that you must prepare in applying for it. Feel free to visit – Requirements For PSBank SME Business Credit Line Application.
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.