Revolving Term Loan
The revolving term loan was developed to meet the needs of qualifying customers who need long-term financing. This facility offers a revolving capability after six months of good account behaviour, which means you can borrow money again on the loan. Due to the revolving nature of the product, it does not have a definite repayment period.
What does it offer me?
- You may redraw as much cash as you need, up to the maximum agreed loan amount
- Can be revolved back to initial loan amount after six months
- You can apply for a loan facility of up to P250,000.00
There is no specific loan repayment term because it is a revolving facility
What do I need to apply?
- Valid national identity document (citizens) or passport (expatriates)
- Valid residence or work permit (expatriates)
- Proof of address (less than 3 months old)
- Proof of income (Latest salary advice slip).