Development Bank in the Philippines

In the Philippines, development financing institutions play a pivotal role in the quest for sustainable growth and development. And at the helm of the country’s march toward progress is the Development Bank of the Philippines. As the country’s pre-eminent development financial institution, DBP has taken upon itself the strategic task of influencing and accelerating sustainable […]

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The Development Bank of the Philippines https://upfinance.com/app/uploads/2019/11/DBP-Logo-512.png
Sen. Gil J. Puyat Avenue corner Makati Avenue, Makati City, Philippines
(632) 8-818-9511, customerservice@dbp.ph
Interest rate 0.75% - 1.25%
Loan tenure from 1 to 120 months
Approval duration Up to 120 hours
Min. monthly income

Head Office

Sen. Gil J. Puyat Avenue corner Makati Avenue, Makati City, Philippines

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 15000000
Min. loan tenure 1 months
Max. loan tenure 120 months

Credit

EC Credit Salary Loan

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Interest Rates:  1-3 years — 12% APR; 4 years — 15% APR
Minimum loan amount: 10 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: 12-48 months
Approval time: 5 banking days

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Student Loan

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Starting 2020 year, students from public and private universities can avail of short-term loans from the Commission on Higher Education (CHED) and the Development Bank of the Philippines (DBP).
Interest Rates:  0%-6% APR
Maximum loan amount: 60 000 PHP
Payment terms: Up to 12 months
Approval time: 5 banking days

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Small Business Puhunan Loan Program

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Interest Rates: 
1 year term loan – Fixed at 9% APR
2 year term loan – Fixed at 10% APR
Minimum loan amount: 30 000 PHP
Maximum loan amount: 1 000 000 PHP
Maximum Percentage Loanable based on Audited Net Income
– Initial Loan: 50%
– Renewal: 60%
Payment terms: Up to 24 months
Front-end fee: 3%
Approval time: 5 banking days

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Retail Lending for Micro and Small Enterprises

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Maximum grace period of 3 years on principal payment for projects with short gestation period
and 5 years for projects with long gestating period
Interest Rates:  From 12% APR
Minimum loan amount: 30 000 PHP
Maximum loan amount:
For term loans – up to 90% of total project cost.
For PO/LC financing – up to 80% of the amount of the instrument or based on the actual cost of the goods purchased
Payment terms: Up to 10 years
Approval time: 7-10 banking days

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OFW Reintegration Program

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Projects with confirmed market or purchase order/s that will generate net monthly income of not less than PhP10,000.00.
Interest Rates:  7,5% APR
Minimum loan amount: 300 000 PHP
Maximum loan amount: 2 000 000 PHP
Payment terms: Up to 710 years
Approval time: 7-10 banking days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Borrower Requirements for Student loan

Eligibility:
– Students have not yet availed of the tertiary education subsidy or applied for TES but did not get it due to limited slots
– Students are not part of the social welfare department’s Listahanan 2.0
– Students are enrolled in a private university or technical and vocational education training center
– are first-time applicants
Сitizenship:
– Must be a Filipino Citizen
– Must have an office or residence landline

Business loan

Small Business Puhunan Loan Program (SBPLP)

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Interest Rates:  1 year – 9% 1 year – 10% per annum
Minimum loan amount: 30 000 PHP
Maximum loan amoong: 1 000 000 PHP
Maximum Percentage Loanable based on Audited Net Income
– Initial Loan: 50%
– Renewal: 60%
Payment terms: Up 24 months
Approval time: 5 – 7 banking days

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Broiler Contract Growing Program (BCGP)

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Mode of payment:  Semi-annual
Equity: Minimum of 20% of TPC
Amount of loan: up to maximum of 80% of the Total Project Cost
Payment terms: Maximum of 10 years
Approval time: 5 – 7 banking days

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Retail Lending for Micro and Small Enterprises (RLM)

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Eligible borrowers:  Single Proprietorship, Partnership, Corporation, Cooperative, and other entities with legal personality to engage in a business enterprise with asset size of not more than PhP15.0 million.
Maximum grace period: 3 years
Amount of loan: up to 90% of total project cost
Payment terms: Maximum of 10 years
Approval time: 5 – 7 banking days

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Deposited

DBP Special 1-year time deposit

Interest Rate 3.25% p.a.
Minimum Placement Php10,000.00
Placement Term One year
Enjoy higher returns for your New Time Deposit*.

FAQ

DBP EC Credit is an exclusive salary loan for government employees. Employer should have a tie-up arrangement with DBP.

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The maximum amount of a Salary loan is PhP 1,000,000.

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The maximum loan amount depends on your income and loan term. According to Philippine law, paying a loan cannot exceed 30% of income.

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No, not required for collateral.

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Students from public and private universities who have been approved for credit by the Commission on Higher Education (CHED) and the Development Bank of the Philippines (DBP).

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The maximum amount of a Student loan is PhP 60 000.

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The longest loan period is 12 months.

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Contacts

Full company name The Development Bank of the Philippines
Address Sen. Gil J. Puyat Avenue corner Makati Avenue, Makati City, Philippines
Phone number (632) 8-818-9511
E-mail customerservice@dbp.ph
Social networks

In the Philippines, development financing institutions play a pivotal role in the quest for sustainable growth and development. And at the helm of the country’s march toward progress is the Development Bank of the Philippines. As the country’s pre-eminent development financial institution, DBP has taken upon itself the strategic task of influencing and accelerating sustainable economic growth, through the provision of resources, for the continued well-being of the Filipino people.
The DBP, under its new charter, is classified as a development bank and may perform all other functions of a thrift bank. Its primary objective is to provide banking services principally to cater to the medium and long-term needs of agricultural and industrial enterprises with emphasis on small and medium-scale industries.

Users rating

Reviews

8 months ago

Development Bank helped me in obtaining my loan.

They were organized and professional, as well as kind, who made all the differences in our interactions. They were very patient and treated me as a person, not as a borrower. This made them stand above the rest. Thank Development Bank!

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