Starting with a predominant share of corporate banking business, IDFC Bank received a universal banking licence from the Reserve Bank of India (RBI) in July 2015 and started its operations on October 1, 2015. Being a startup in itself, the Bank expects to grow the business of its initiative Bharat banking, a rural banking unit, […]Visit site
Mr. Alexis S. Cataquiz Position: President
|Min. financing amount||₱ 10000|
|Max.financing amount||₱ 10000000|
|Min. loan tenure||1 months|
|Max. loan tenure||120 months|
– At least 21 years old at the time of application but not more than 60 years old upon loan maturity
– Must be a Filipino Citizen
– Must have an office or residence landline
– Minimum gross monthly income – 10 000 PHP
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income – 25 000 PHP
– At least 21 years old but not more than 60 years old
– With existing business for at least one (1) year.
– Processing fee of P 1,000.00
– Duly filled up application form
– Business/Mayor’s permit/Brgy. Permit
– Sales invoice/O.R./Ledger or daily logbook of sales
– Photocopy of two (2) valid IDs
– Two (2) pcs. 2×2 latest I.D. picture
– Residence certificate
– Brgy. Certificate
– Co-maker based on applied loan amount (Co-maker’s requirements are same as listed above)
Loan can be renewed after full payment on due date with appropriate bank charges and fees.
Loan renewed is allowed twice and has 20% partial payment in every quarter for Short Term.
PDC’s issued to the borrower by its creditor which are receivables and used as bank guarantee for payment in addition to the real estate security should at least come from reliable Companies.
Borrower should maintain a savings deposit at ERBI.
Corporate silver savings
Entrepreneurial main account
Corporate main account
Simple current account financing
Current account business portfolio
Term contribution of the entrepreneur
High Five Super Savings
CREDIT CARD RCBC Bankard
ATM ERB CASH
ERB Cash Student Account
ERB Cash Regular Account
ERB Cash Payroll Account
PASADA ATM Savings Account
ERBI 53-year anniversary account at an ATM
The longest loan period is 10 years.Send an application
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.Send an application
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.Send an application
At least 21 years old but not more than 60 years old
Private and Government Employee with permanent/regular appointment
Not due for retirement within the term of loan
Has been in office for at least (2) years
Has a gross monthly salary of at least P 10,000.00 and up
The amount of a Salary loan ranges from PhP10,000 to PhP 1,000,000.Send an application
The maximum loan amount depends on your income and loan term. According to Philippine law, paying a loan cannot exceed 30% of income.Send an application
No, not required for collateral.Send an application
|Full company name||Entrepreneur Rural Bank, Inc.|
|Address||63 A. Mabini St., Barangay Poblacion, San Pedro, 4023 Laguna|
|Phone number||Contact: (049) 808-1296 Fax: (042) 808-2724|
Starting with a predominant share of corporate banking business, IDFC Bank received a universal banking licence from the Reserve Bank of India (RBI) in July 2015 and started its operations on October 1, 2015. Being a startup in itself, the Bank expects to grow the business of its initiative Bharat banking, a rural banking unit, to Rs 15,000 crore in five years.
In a bid to instil entrepreneurial qualities among the youth, the Bank has started various programmes for startups. Entrepreneur India caught up with the founder and CEO of IDFC Bank, Dr. Rajiv Lall, to know more about their initiatives to promote the startup culture in India.