Brief Description

The CTBC Bank Salary Stretch Loan for Corporate is a multi-purpose unsecured personal to employees of accredited companies. Loan repayments under this porgram is via salary deduction.

Eligibility Criteria for Company Accreditation

• Registered with the Securities and Exchange Commission (SEC) or Department of Trade and Industry (DTI)
• Should be in operation for the past five (5) years
• Operating profitably (net income) for the past two (2) years
• Must have at least one hundred (100) regular employees
• Agreeable to salary deduction scheme; or if the company's payroll is with the Bank, mode of payment can be via Automatic Debit Arrangement

Requirements

Company Pre-Accreditation

• Company Profile
• Audited Financial Statements for the past three (3) years with Notes
• Latest Corporate Tax Return
• Latest General Information Sheet
• Articles of Incorporation & By-Laws
• Registration at the Securities and Exchange Commission
• Duly Accomplished Company Action Form
• Audited Financial Statements with Notes and Profile of each Subsidiary/Affiliates (should the company have subsidiaries/affiliates)

Company Post Accreditation

• Letter of Agreement
• Secretary's Certificate
• Signature Cards