BUSINESS LOAN

LOAN FEATURES 

Max. of 5 million
2%-4% interest rate
Up to 3 years to pay

ELIGIBILITY 
  • Must qualify with the eligibility criteria of MEMPCO’s General lending Policies.
  • The borrower must have the capacity to manage and have expertise and commitment necessary for the success of the business.
  • Good character. MEMPCO shall obtain Personal History from the principals to determine if they have historically shown the willingness and ability to pay to pay their debts and whether they have abided by the laws of their community.
  • Both business and personal financial resources are reviewed as part of the eligibility criteria.
  • Must be in good health
  • Willing to pay 5% CBU cased on the loan amount to be included in the amortization schedule.

REQUIREMENTS 

  • Two (2) valid original and photo-bearing Identification Card (ID) of the borrower
  • Two (2) pcs. 2x2 picture
  • Business Permit/Registration formal business)
  • Trade Name or DTI Permit (for formal businesses
  • Barangay Clearance
  • Business Proposal or Feasibility Study (if available)