Interest rate is set at 1. 10, whatever loan tenure you select. Asia United Bank AUB offers multi-purpose loan to all employees of companies accredited by the bank. The loanable amount is from P30,000 to P250,000. Moreover, borrowers can pay their monthly amortization through salary deduction.
Planters Bank Planters Bank lets you loan a minimum amount of P30,000, up to P1 million, with no collateral needed. Pay your monthly amortization at an interest rate of 1. 50 up to 1. 75, depending on the loan tenure you choose.
71 to 1825. 00, though this can vary somewhat. Although the APR associated with short term loans is higher than that associated with other forms of credit, it is still considerably less than the charges associated with overdrafts and nonsufficient funds. Please see below for a cost comparison.
вЂў Nonsufficient Funds with Bounced Check Fee: 45 total charge, 1173. 21 APR вЂў Overdraft Fee: 40 charge, 782. 14 APR вЂў Late Fee: 20 charge, 521.
Metrobank has three types of business loans which are SME Credit Line, SME Short-term Loan, and Long-term Loan. SME Credit Line is for people who wants to increase their working capital or those who need funding for their daily business operations.
On the other hand, the two SME term loans are for those who are looking at acquiring a commercial property or equipment, so to speak, those who need to add more permanent working capital. Aside from these, SME term loans are also for people who wants to: acquire new machineryequipment, construction, or renovation of commercial personal loan affect on credit score (i. warehouse, facility, or building), franchise financing take-out a loan from another bank.
As for the interest rate, the amount of Metrobank business loan interest rate is not shared on its online site.