Enterprise Bank in the Philippines
Enterprise Bank has been pursuing its mission to serve clients especially in the rural areas for the past 40 years. Most of the bank’s branches and other offices, ATMs and its Head Office, are located in rural areas where access to banking services is needed most. Through its Enterprise Lending, the bank also supports growing […]
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Head Office
National Highway, Poblacion, Lianga, Surigao Del Sur 8307Product Features
| Min. financing amount | ₱ 10000 |
| Max.financing amount | ₱ 5000000 |
| Min. loan tenure | 2 months |
| Max. loan tenure | 36 months |
Credit
Housing loan
Interest rates: From 0.99% per month
Minimum loan amount: 500 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 10 years
Approval time: 5- 21 banking days
Calculate loanSalary loan
Interest Rates: From 1.2% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: Up to 700 000 PHP
Payment terms: Up to to 36 months
Approval time: 1 – 4 banking days
Borrower requirements
Eligibility:
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
Сitizenship:
– Must be a Filipino Citizen
– Must have an office or residence landline
If Employed:
– Minimum gross monthly income for Metro Manila – 15 000 PHP
– For outside Metro Manila – 12 000 PHP
If Self-employed:
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income for Metro Manila – 30 000 PHP
– For outside Metro Manila – 25 000 PHP
Business loan
Enterprise Loans
Small Business Loan
Enterprising Business Loan
Loans againsts ADB on Deposit
Small business loan
Interest Rates: From 1.8% per month
Minimum loan amount: 50 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: From 2 to 18 months
Approval time: 5 banking days
Enterprising business loan
Interest Rates: From 1.7% per month
Minimum loan amount: 1 000 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: From 2 to 36 months
Approval time: 5 banking days
Eligibility requirements
Eligibility:
Duly registered to operate as a business in the Philippines;
Must have been operating for at least 3 years, and profitable for the latest 1 year;
Must have no outstanding debt that exceeds 40% the company’s monthly income;
Each franchise loan must be tied to the business’ primary owner; for partnerships/corporations, this means:
Owner with simple majority (individual with the single largest stake in the company) must provide details and sign off on the loan application form, and ultimately be the signatory in the surety agreement prior to loan booking
If simple majority is shared across multiple owners, only (1) of them is required to sign off on the loan
Deposited
Super Checking Account
Individual
– P5,000 Initial Deposit
– with Free Passbook and ATM
Regular Savings
Individual
– P200 Initial Deposit
– 0.1% Interest p.a.
– With EMV ATM card
Regular Checking
Individual
– P3,500 Initial Deposit
– with ATM free of charge
Regular Savings
Corporate
– P2,000 Initial Deposit
– 0.1% Interest p.a.
– With EMV ATM card
Regular Checking
Corporate
P10,000 Initial Deposit
with passbook option
Other Deposit Products
Time Deposit: P5,000 Minimum Deposit
Flexible Term, Variable Interest Rate
Long Term Deposit: P500,000 Minimum Deposit
5 years term, Tax-exempt
FAQ
The longest loan period is 10 years.
Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.
There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.
Existing EBI clients.
The maximum amount of a Salary is 700,000 PHP.
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.
Small businesses in the Philippines can be determined depending on the size of the assets, the amount of equity and the number of employees. Enterprises can also be determined depending on the number of employees. Small businesses employ between 10 and 99 workers.
The maximum loan term is not more than 18 months.
Contacts
| Full company name | Enterprise Bank |
| Address | National Highway, Poblacion, Lianga, Surigao Del Sur 8307 |
| Phone number | (082) 225-8892 Fax: (082) 300-6131 |
| customercentral@enterprisebank.ph | |
| Social networks |
Enterprise Bank has been pursuing its mission to serve clients especially in the rural areas for the past 40 years.
Most of the bank’s branches and other offices, ATMs and its Head Office, are located in rural areas where access to banking services is needed most.
Through its Enterprise Lending, the bank also supports growing entrepreneurs and enterprises.
From a single unit rural bank from the Municipality of Lianga, Surigao del Sur, the bank now operates in 10 provinces of Mindanao and in Cebu.
Aside from deposits and loans, Enterprise Bank also offers fee-based services such as remittance and bills payment.
