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