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Real Estate Collateralized Loans

Our business loans are perfect for individuals and businesses with short-term financing needs and income-generating property. They can also serve as bridge loans for SMEs waiting to secure long-term financing from banks or investors. A swift, one-time cash injection can help your company meet current obligations, fund day-to-day operations, or jump on time-sensitive opportunities. To guarantee an efficient turnaround, MCC asks for minimal documentary requirements and does not require purpose-related documentation. Successful applicants receive an upfront release of funds to use as they see fit.

Whether to fix a family emergency, maintain day-to-day operations, or take advantage of a great opportunity, our Real Estate Secured Loan can help you unlock the value of your commercial real estate.

Acceptable collateral: Commercial real estate

Loanable amount: PHP 500,000 – PHP 10,000,000
Loan Terms: 6, 12, 18 or 24 months

Benefits

  • Fixed interest rate
  • Customizable Terms
  • Five (5) to seven (7) days turn- around time
  • Multi-purpose documentation

Eligibility

  • Age: The loan applicant must be between the ages of 25 and 65 years old by the loan maturity date The loan applicant must have an existing bank account for at least one year.
  • Income: The loan applicant must have an existing bank account that is at least one year old

Requirements

1 Valid Primary ID

 

The following is the list of acceptable IDs:

  • Driver's license
  • Passport
  • Social Security System/ Unified Multi-purpose Identification Card

Proof of Income

Employed:

  • Certificate of Employment
  • Latest Income Tax Return
  • 2 months latest pay-slip
  • 3 months latest bank statements
  • Bank certificate or updated passbook

Sole Proprietorship:

  • DTI certification
  • Certificate of Registration (BIR Form 2303)
  • 3 trade references (clients and suppliers)
  • Latest 2 years Filed Income Tax Return
  • Latest 2 years Audited Financial Statements
  • 3 months latest bank statements
  • Bank certificate or updated passbook

Corporation:

  • Latest General Information Sheet (borrower must own at least 51% of the shares and have controlling rights over the coporation)
  • Latest Business Permit
  • SEC Certificate of Incoporation
  • Certificate o Registration (BIR Form 2303)
  • Latest 2 years filed Income Tax Return
  • Latest 2 years Audited Financial Statement with reflected income
  • 3 trade references (clients and suppliers)
  • 3 months bank statements
  • Bank certificate or updated passbook

Collateral Requirements

House and Lot, Townhouse, or Commercial Property on Lot

  • Transfer Certificate of Title (owner's copy) / Original Certificate of Title
  • Tax Declaration
  • Updated tax receipt
  • Recent Real Property Tax Clearance
  • Location / vicinity map

Condominium Unit

  • Condominium Certificate of Transfer
  • Tax Declaration
  • Updated tax receipt for unit and common areas
  • Recent Real Property Tax Clearance
  • Location / vicinity map
  • Updated payment of association dues

Real Estate Collateralized Loans Application Form

Start your loan application today, and a member of the MCC team will reach out to discuss next steps within one business day.

    Loan Form

    Start your loan application today, and a member of the MCC team will reach out to discuss next steps within one business day.

      Contact Us

      Find out more about your loan eligibility, the value of your commercial real estate, and what else MCC can do for you. Talk to a member of the MCC team.
      Contact Us