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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Head Office
Sen. Gil J. Puyat Avenue corner Makati Avenue, Makati City, PhilippinesProduct Features
| Min. financing amount | ₱ 10000 |
| Max.financing amount | ₱ 15000000 |
| Min. loan tenure | 1 months |
| Max. loan tenure | 120 months |
Credit
EC Credit Salary Loan
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
Calculate loanStudent Loan
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
Small Business Puhunan Loan Program
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
Retail Lending for Micro and Small Enterprises
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
OFW Reintegration Program
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
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)
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
Broiler Contract Growing Program (BCGP)
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
Retail Lending for Micro and Small Enterprises (RLM)
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
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.
The maximum amount of a Salary loan is PhP 1,000,000.
The maximum loan amount depends on your income and loan term. According to Philippine law, paying a loan cannot exceed 30% of income.
No, not required for collateral.
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).
The maximum amount of a Student loan is PhP 60 000.
The longest loan period is 12 months.
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 |
| 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
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!
