Planters Bank Multi-purpose Loan

PLANTER S B ANK
Planters Development B ank
Who are We
•Plantersbank is the largest PRIVATE
DEVELOPMENT BANK in the country
with over 46 years experience in small and
medium enterprise financing having assisted
over 30,000 SMEs grow their businesses;
• We have 72 strategically located branches
nationwide with assets of over P43 Billion
• Today we rank # 19 out of 39 Commercial
and Universal Banks and all banks nationwide
Do You Want …
 Funds …as in needed
yesterday?
 Loan that is fixed that you
can manage your cashflows
better (sleep on it ) ?
 Competitive rates?
 Financial Advise?
Product Features
• Multi-purpose loan secured via REM
• Loans from P500K to P5.0 Million
Term Loan
•10.5 % p.a. (fixed)
• 1 year to 5 years
• PN-based release
• Repayment via PDC
• Equal amortization
covering both
principal and interest
MULTI-PURPOSE
Term Loan
Loan Purpose
Working capital for business expansion:
• acquisition of fixed asset
• construction of factory or warehouse
• acquisition of machinery/equipment
• refinancing
• personal investment
Product Features
Fixed term up to 5 years
One-time or tranche release
Fixed monthly amortization
Basic Product Features
Collateral
Secured
Acceptable Collateral
Real Estate Mortgage (REM)
• Residential
• Commercial
• Industrial
Loan Purpose





Additional Working Capital
Acquisition of Fixed Asset
Construction / expansion
Personal Investment
Re financing
Basic Product Features
P500 Thousand to P5.0 Million
Loan Amount

Loan Term
Long Term Loans
•1 to 5 years
Interest Rate
Fixed
Repayment
Amortized monthly (Principal + Interest)
Eligibility Criteria
Employed Individuals

Permanent employee with at least 3 years tenure

Gross
More costly
monthly income of P50,000

No adverse findings or
More costly
with satisfactory credit dealing
Eligibility Criteria
Small and Medium Enterprises
Self-employed individuals

Profitable operations for the past 3 years


Gross
More costly
sales of at least P100,000
No adverse findings or
More costly
with satisfactory credit dealing
Amortization Schedule
10.5% per annum
Am ount
500,000.00
1,000,000.00
1,500,000.00
2,000,000.00
2,500,000.00
3,000,000.00
3,500,000.00
4,000,000.00
4,500,000.00
5,000,000.00
1 Yea r
46,041.67
92,083.33
138,125.00
184,166.67
230,208.33
276,250.00
322,291.67
368,333.33
414,375.00
460,416.67
2 Yea rs
25,208.33
50,416.67
75,625.00
100,833.33
126,041.67
151,250.00
176,458.33
201,666.67
226,875.00
252,083.33
3 Yea rs
18,263.89
36,527.78
54,791.67
73,055.56
91,319.44
109,583.33
127,847.22
146,111.11
164,375.00
182,638.89
4 Yea rs
14,791.67
29,583.33
44,375.00
59,166.67
73,958.33
88,750.00
103,541.67
118,333.33
133,125.00
147,916.67
5 Yea r
12,708.33
25,416.67
38,125.00
50,833.33
63,541.67
76,250.00
88,958.33
101,666.67
114,375.00
127,083.33
Documentary Requirements
Small and Medium Enterprises
Self-employed individuals

General Requirements
• Copy of Title
• Latest tax declaration and tax receipts
• Vicinity map / location plan
• Master deed of restrictions
(for condominiums)
Documentary Requirements
Small and Medium Enterprises
Self-employed individuals

Business
More costly
Documents
• DTI registration/ permits and licenses
• In-house Financial statements for the
past 3 years
• BIR submitted ITR past 3 years
• Latest 3 months bank statements
Documentary Requirements
Employed Individuals

Requirements
• Income tax return for the past 3 years
• Latest 3 months payslip or Cetificate of
Employment and Compensation
• Latest 3 months bank statement
• Copy of Title
• Latest tax declaration and tax receipts
• Vicinity map / location plan
• Master deed of restrictions
(for condominiums)
How to apply?
1
Accomplish loan application form
2
Submit all documentary requirements
indicated in the application form
to the PDB branch nearest you
Approval Turn-Around Time
Small Business Loan - 10 days
upon submission of complete set of documents
Frequently Asked Questions
3
How will the loan proceeds
be released?
Proceeds are released in lump sum or
staggered basis and will be credited to
PDB deposit account of the client.