Term Loan Options for Startups in the Philippines

Loan AmountLoan TermInterest RateRepayment Mode
  BDO SME Term Loan PHP 1 million – PHP 20 million1 – 10 years7.5% (Fixing period of 1 – 3 years)8% (Fixing period of 4 or 5 years)Monthly amortizations
BPI Family Ka-Negosyo LoanMinimum of PHP 500,000Maximum of 60% or 70% of appraised value of collateral1 – 10 yearsPrevailing market interest ratesMonthly or quarterly amortizations
Metrobank SME Term Loan PHP 1 million – PHP 20 millionShort-term: Up to 360 daysLong-term: 2 – 7 years “At competitive interest rates”Monthly or quarterly amortizations
OWWA Loan (for OFWs) PHP 100,000 – PHP 2 million (single proprietorship)PHP 100,000 – PHP 5 million (partnership, cooperative, or corporation)Up to 7 years7.5% fixed for the entire loan durationMonthly amortizations
PSBank SME Term Loan with Prime RebateMinimum of PHP 2 million (with real estate property as collateral)PHP 500,000 (with bank deposit as collateral)1 – 10 yearsPrevailing PSBank rate at the time of loan availmentMonthly amortizations
Security Bank SME Business Mortgage Loan PHP 1 million – PHP 20 million1 – 10 years 7% – 10% (depending on loan term)Monthly amortizations
SSS Business Development Loan Facility The lowest of the following:Requested loan amountTotal project costLoan value of the collateralPHP 500,000Up to 15 yearsPrevailing SSS ratesMonthly, quarterly, semi-annual, or annual amortizations
SSS ASENSOMaximum of PHP 5 millionShort-term: 1 yearLong-term: Up to 5 yearsPrevailing SSS ratesMonthly amortizations

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