Business Banking

At Maxbank, our corporate banking products offers short to medium term secured loan facility for small and medium enterprises to address business financing requirements such as additional working capital or for business expansion.Maxbank corporate banking facilities includes Microfinance Buy and Sell Loan (MBSL), MBSL Plus, SME Loans and Term Loans.

MAXBANK has developed an innovative lending product for Microfinance clients – the Microfinance Buy and Sell Loan (MBSL) that is especially designed for micro-entrepreneurs who wish to acquire financial assistance for additional working capital of the existing business or for improvement of the business.

Product Features:

  • Fast and easy loan application and approval process
  • Loan Amount starts at Php 20,000.00 up to Php 150,000.00
  • Competitive interest rates (on diminishing basis)
  • Easy loan terms with minimum of 3 months up to 6 months

MBSL Borrower’s Eligibility:

  • 18-60 years of age and should be physically fit
  • Have sound physical strength to run a viable business project.
  • Resident of the municipality/ city for two years if home is rented and one year if residency is owned in established business/es of not less than three (3) years
  • loan purpose is for working capital of the existing business with necessary business permits

In addition to the original MBSL loan (available up to Php 150,000), the Bank also offers the MBSL Plus loan (available subject to certain criteria for selected clients up to Php 300,000.)

Criteria for MBSL Plus:

  • Must be at least TWO loan cycles with MBSL
  • The last two cycles must be at least Php 50,000.00 loan.
  • Have a very satisfactory credit history with the bank

Aside from Microfinance loan, the bank provides loan products catered to the small and medium enterprises (SME) for their financial needs. This credit accommodation and lending services must be for the purpose of additional working capital, permanent capital, business expansion and other business related expenses.

SME Loans are available in two types of flexible loan facilities:

Term Loan (Coming Soon!):

  • Quick processing and fast approval
  • Term of Loan: Minimum Three (3) months up to Twelve (12) months
  • With competitive interest rate (at the discretion of the Credit Committee)
  • Monthly amortization of principal and interest. Diminishing annuity
  • Amount starts at Php 300,000 up to maximum of single borrower’s limit or Php 5,000,000.00

Credit Line (Coming Soon!):

  • Quick processing and fast approval
  • Term of Loan: Maximum of Twelve (12) months renewable
  • With competitive interest rate (at the discretion of the Credit Committee)
  • Allows business entity to draw, repay and re-draw
  • Mode of payment: Interest payable monthly based on daily outstanding principal balance during the month. Principal payment due by maturity date.
  • Amount starts at Php 300,000 up to maximum of single borrower’s limit or Php 5,000,000.00

SME Borrower’s Eligibility:

  • 18-60 years of age and should be physically fit
  • Have sound physical strength to run a viable business project.
  • Resident of the municipality/ city for five years if home is rented and three years if residency is owned in established business/es of not less than three (3) years
  • Loan purpose is for working capital, improvement of the business, and/or additional capital for a new line of business with necessary business permits, ITR and Audited FS

Initial Documentary Requirements:

  • Duly filled-up application form
  • Copy of latest Cedula
  • Mayor’s Business Permit / DTI Registration – if Sole Proprietorship / SEC Papers (Latest GIS, Certificate of Registration, Articles of Incorporation & By-laws) – If Corporation
  • Audited Financial Statements with ITR for the last three (3) years
  • In-house Financial Statements for the last three (3) years
  • Photo copies of bank statements (major banks, last 6 months)
  • Updated list of customers and suppliers with contact person and telephone numbers
  • Collateral documents – Photo copies of TCTs / CCTs, Tax declaration (land and improvement), Tax Receipt and clearance & Lot Plan with vicinity map

Sole Proprietorship Accounts Eligibility and Requirements:

  • Certificate of Registration of Business Name from Dept. of Trade and Industry (DTI)
  • Original Application for Registration of Business Operation
  • Mayor’s Permit for current year of business operation
  • Presentation of at least two (2) valid IDs and two (2) 1×1 recent ID picture of signatories
  • Notarized Affidavit of Undertaking Stating:
    • Designation of MAXBANK as depository bank
    • The account name to be used
    • Authorized signatory/ies to withdraw in the account singly or jointly

Partnership Accounts Eligibility and Requirements:

  • Articles of Partnership
  • SEC Registry
  • Two Valid ID’s of the Partners
  • Allows business entity to draw, repay and re-draw
  • Recent Photograph (2pcs. 1×1 pictures)
  • List of Directors/partners

Corporate Accounts Eligibility and Requirements:

  • Articles of Incorporation and By Laws with SEC Reg. Cert
  • Notarized Corporate Secretary’s Certificated on:
  • Board Resolution Designating Maxbank as Depository Bank
  • Duly Elected incumbent officers of the corporation
  • Board Resolution designating corporate officers authorized to act as account signatories
  • Presentation of at least two valid ID’s and recent photograph of the authorized corporate officers
  • Pho 5,000.00 for maintaining Balance

Product features- Advance

  • Advance against you salary account
  • Upto 50% of salary amount provided as advance
  • Only for employees whose company holds salary account with Max Bank

Product Features- Personal

  • Get most out of your salary
  • Personal loans from 3 Months to 12 Months

Product Features

  • Quick processing and fast approval
  • Term of Loan: Minimum Three (3) months up to Twelve (12) months
  • With competitive interest rate (at the discretion of the Credit Committee)
  • Monthly amortization of principal and interest. Diminishing annuity
  • Amount starts at Php 300,000 up to maximum of single borrower’s limit or P5,000,000.00

Product Features

  • Quick processing and fast approval
  • Term of Loan: Maximum of Twelve (12) months renewable
  • With competitive interest rate (at the discretion of the Credit Committee)
  • Allows business entity to draw, repay and re-draw

Mode of payment:

  • Interest payable monthly based on daily outstanding principal balance during the month. Principal payment due by maturity date.
  • Amount starts at Php 300,000 up to maximum of single borrower’s limit or P5,000,000.00