Home > Business Banking > Loans > Salary Stretch Loan For Corporate

Salary Stretch Loan For Corporate

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