Market Vendor Loan

Product Details

The Market Vendor Loan offers a loanable amount ranging from P10,000 to a maximum of P50,000, with an interest rate between 30% to 36% per annum. The minimum term for repayment is three (3) months, extendable up to six (6) months. Payment options are flexible, allowing borrowers to choose from daily, weekly, monthly, lump sum, or installment basis. Payments can be conveniently made through over-the-counter transactions. Notably, no collateral is required for this loan, although a co-maker is necessary to secure the loan.

Requirements

  1. Open a GRBP regular savings account, 2 pcs. Latest 2×2 picture, atleast 1 Valid I.D, Barangay Clearance, Cedula/CTC
  2. Barangay Permit or Business Clearance and Picture of Business
  3. Proof of all income declared in Income Statement
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