PLANTERSBANK

Brief history and Loans

Brief History
Planters Development Bank was founded in
1976 after Jesus Tambunting acquired the
Bulacan Development Bank in 1971, and
the Malolos-based Bulacan and Savings
and Loan Associations in 1972, and
subsequently merged them together in
1975. In 1977, Plantersbank acquired thrift
institutions, Investors Savings and Loan
Association.

Cont.
In 1983, Plantersbank made history when the
Netherlands Development Finance Company
(FMO), a Dutch state-controlled bank,
invested in Plantersbank. It marked the first
international investment in a Philippine
private development bank. For the next two
years, Plantersbank acquired the AgroIndustrial Bank in Pampanga, and the
Country Development Bank in Olongapo. In
1987, the Asian Development Bank made a
direct investment in Plantersbank.

Cont.
In 2000, the International Finance Corporation,
which is the private investment bank of World
Bank invest P1 billion in equity, loans and grants
in Plantersbank bringing its foreign investors to
three. A year later, the IFC, FMO and
Plantersbank formed the Micro Enterprise Bank.
In 2002 and 2003 Plantersbank acquired Active
Bank and Region Bank (Los Banos Rural Bank),
the Philippines largest rural bank that time.

Cont.
In 2006, Plantersbank absorbed Davaobased affiliate Micro Enterprise Bank
becoming the largest domestic bank to
establish a lending platform to support and
sustain a vibrant micro enterprise sector. Also
in the same year, Plantersbank and Chicagobased ShoreCap International Ltd. formalize
partnership to support small enterprises
through private finance and training support.
And in 2007, Plantersbank launched the 40hectare SME Business Park, the countrys
first industrial park dedicated to SMEs.

KINDS of LOANS
I. Business Loans
1.

SME Bizloan and;

2.

Small Bizloan

II. Consumer Loans

1.

Handy Credit Personal

Loan

2.

Handy Salary

3.

Home Loan

4.

Handy Credit
Entrepreneurs Personal
Loan

5.

Auto Loan

I. Business Loans
1. SME Bizloan and;
2. Small Bizloan

I.1. SME Bizloan

Entrepreneurs can now borrow from over P10
million to P50 million to meet their companys
growing needs.

Plantersbank, however, can entertain applicants with

higher funding requirements on a case-to-case
basis.

basic criteria to qualify for

an SME Bizloan
Any SME can apply for a loan, provided the
company:

has been yielding profit for at least three (3)

years;
is managed by an experienced and competent
team; and
is engaged in moral, legal and legitimate
business

Requirements
Audited or Inhouse Financial
Statements for
the last 3 years
Latest Interim
Financial
Statement (if
over 6 months
from previous
years FS)

updated General
Information
Sheet

Building Plan (if

with building)

Articles of
Incorporation

Bank
Statements for
the past 6
months

Copy of Title
(TCT or CCT)

Tax Declaration

List of Majority
Owners/Principa
ls/Officers

Real Estate Tax

Receipt

SEC/Business
Registration with

Master Deed of
Restriction (for
condominiums)

List of
Customers and
Suppliers with
contact details

modes of repayment
For credit lines, principal is payable upon
maturity of the loan and interest payable monthly
or quarterly.
For term loans, repayment may be made
monthly or quarterly for both principal and
interest dues.

What is the interest rate?

The interest rate may be fixed for the entire term
of the loan or variable, subject to re-pricing at the
beginning of each month.

I.2. Small Bizloan

P500,000 to as much as P10,000,000 via credit
line or term loan.

Basic Requirements
Photocopy of 2 valid government-issued IDs with
photo and signature

Bank statements for the last 3 months

Copy of Title and/or condominium certificate
Updated Tax Declaration & Real Estate Tax
Receipt
Master Deed of Restrictions (for condominiums
and subdivisions)

Vicinity Map / Lot Plan

Additional Requirements
I. For employed individuals
Photocopy of latest Income Tax Return (ITR) or W-2 Form /
BIR Form 2316
Latest one-month payslip
Certificate of employment and compensation
II. For entrepreneurs / self-employed individuals
Latest audited financial statement of business with Income
Tax Return duly stamped by BIR
Photocopy of DTI registration / Mayors permit of the
business or photocopy of SEC Articles of Incorporation and
by-laws

Payment term
one (1) year to ten (10) years.

Rate: not provided

BUT, Sample monthly amortization for Small
Bizloan

II. Consumer Loans

1. Handy Credit Personal Loan
2. Handy Salary
3. Home Loan
4. Handy Credit Entrepreneurs Personal Loan

5. Auto Loan

II.1. HandyCredit- Personal

Loan
The Plantersbank HandyCredit Personal
Loan is an unsecured, personal loan for fixed
salaried individuals employed in Plantersbanks
SME clients or in the top 12,000 corporations in
the country.
Instant cash loan worth P30,000 to P1,000,000

Criteria for Eligibility

Fixed-salaried individual working in the Philippines
At least 23 years old but not more than 65 years old
upon loan maturity
A permanent employee with a length of service in
current employer of at least 1 year (if less than 1
year, then total continuous work experience should
be at least 2 years)
Has a gross monthly income of P30,000 for Metro
Manila and P20,000 for Provincial Areas

Not due for retirement within the term of the loan

Documentary
Requirements
Fully accomplished and signed loan application
form

Photocopy of latest one-month payslip

Photocopy of latest Income Tax Return (ITR)
Form 2316
Photocopy of 2 valid ID government IDs and 3
specimen signatures
Proof of residence

Flexible installment plan

(choice of 12, 18, 24, 30 or 36 months)

II.2. Plantersbank
HandySalary
is an unsecured, multi-purpose installment loan
given to qualified employees of accredited
companies where payment is made via salary
deduction.
Instant cash loan worth P10,000 to P 500,000

Flexible installment plan

(choice of 12, 18, 24, 30 or 36 months)

Requirements
Eligibilty Criteria (Company Accreditation)
Existing SME client of the bank (depositor &/or
borrower)
With at least one (1) year track record with PDB.
For depositor accounts, with minimum P500K ADB
for six (6) consecutive months preceding
accreditation
For borrower accounts, satisfactory loan dealings for
the past 12 months.
Has at least 10 permanent employees

Documentary
Requirements (Company
Accreditation)
Completely filled-out and signed Company Accreditation Application
Form
Photocopy of Income Tax Return (ITR) of the business for the last 3
years
Audited Financial Statement (FS) of the business for the last 3 years
Photocopy of business registration papers
SEC Registration
Articles of Incorporation
DTI Registration
Mayors Permit (if sole proprietorship)

Documentary
Requirements (Individual
Borrowers)
Documentary Requirements (Individual Borrowers)
Fully-accomplished and signed Plantersbank Handy Salary loan
application form
Latest 1 month payslip or Certificate of Employment (COE) indicating
the ff:
gross monthly income
deductions
net take home pay
Photocopy of 2 valid IDs (1 government-issued and company ID) with
3 specimen signatures

Latest Income Tax Return (ITR)

II.3. Home Loan

Here are what Plantersbank Home Loan can do for you:
Acquisition or purchase of vacant lot, house and lot,
town house or condominium unit
Improvement/renovation/expansion of own
house/townhouse/ condominium unit
Refinancing or take-out of existing housing loan with
other banks
Reimbursement for the acquisition of a lot, house and lot,
or condominium unit, or construction of a house on own lot.
Minimum loan amount of P500,000.00

Manner of payment
Flexible installment plan (up to 20 yrs)
Convenient repayment via PDCs or automatic
debit against Plantersbank deposit account
Maximum loan amount of up to 80% of
appraised value of property

Requirements
Criteria for Eligibility
At least 21 years old but not more than 65 years
old upon loan maturity
In good Credit Standing

Minimum gross family income of P 35,000.00

Employed Individuals
Permanent employee for at least 1 year with the
current employer or total continuous work
experience of at least 3 years (if less than 1 year
with the current employer)

Self-employed individuals/entrepreneurs
Has a business operating profitably for the past 3
years

Professionals
Practicing for at least at least three (3) years
consecutive years prior to filing of loan
application

Overseas Filipino Workers (OFWs)

Must appoint a loan administrator to negotiate
and transact with the Bank on his/her behalf

Documentary
Requirements
Basic Documentary Requirements:
Duly accomplished Housing Loan application
form
One (1) Government-issued ID with picture and
signature
Proof of billing address

Locally Employed Individuals

Updated Certificate of Employment or payslip
Latest bank statements with PDB or any
reputable bank with at least 6 months ADB

Latest ITR

Overseas Filipino Workers

Authenticated Contract of Employment /
Certificate of Employment (Land-based); Latest
Crew Contract (for seafarers)
Latest bank statements with PDB or any
reputable bank with at least 6 months ADB
Proof of remittance (at least 3 months)
Notarized/Consularized SPA (if applicable)

Self-Employed Individuals
Business Registration (SEC / DTI)
Audited / In-house FS with ITR for the last 3
years

Latest six (6) months bank statements

List of Major Suppliers and Customers
Photocopy of Lease of Contract if business is
rentals

Collateral Documentary
Requirements
Basic Collateral Documentation:
Photocopy of TCT/CCT (must be clear copy)
Photocopy of Tax Declaration
Master Deed of Restriction (if Condo Acquisition)

Original or Duplicate Copy of Contract to Sell if

acquisition is coming from Developers Contract
To Sell
Survey plan with detailed vicinity map

Additional Requirements for Home Construction:

Building Plans
Bill of Materials
Building Permit

Building Specification (case-to-case)

Construction All Risk (CAR) (insurance for house
construction)

II.4. The Plantersbank HandyCredit

Entrepreneurs Personal Loan
is an unsecured, personal loan for sole
proprietors or self-employed individuals.

Instant cash loan worth P100,000 to

P1,000,000

Flexible installment plan

(choice of 12, 18, 24, 30 or 36 months)

Requirements
Criteria for Eligibility
Sole proprietors or self-employed individuals
At least 30 years old but not more than 65 years
old upon loan maturity

With a business operating profitably for the past

3 years
Has a total gross monthly sales of P50,000

Documentary Requirements
Fully accomplished and
signed loan application
form
Audited Financial
Statement and Latest
Income Tax Return (ITR)
for the last 3 years
DTI Certificate of
Registration, if applicable

Mayors or Business Permit

Bank Statements for the

last 6 months
Latest proof of billing (with
residence address)
Photocopy of any 2 valid
government-issued IDs
and 3 specimen signatures
Authorization to verify
deposit and loan (Bank
Form)

II.5. The Plantersbank

Auto Loan
is a credit facility intended for aspiring and existing car owners
to support various car financing needs.
Available nationwide, Plantersbank Auto Loan can be used
to:

Purchase a brand new or pre-owned car

Get a cash loan with an existing car as collateral

Low minimum loan amount starting at an affordable

P100,000.00, depending on your car financing
requirements.

Convenient repayment via PDCs or automatic debit

against Plantersbank deposit account

Manner of payment
Flexible installment payment terms up to
maximum of 5 years

Requirements
Employed Individuals
At least 23 years old but not more than 65 years old upon
loan maturity
Permanent employee for at least 1 year with the current
employer or total continuous work experience of at least 2
years (if less than 1 year with current employer)

With at least a gross monthly salary of Php 20,000.00

(single or combined)
Preferably employed in the Top 12,000 corporations in the
Philippines, in known companies or in Plantesbanks SME
clients

Self-Employed Individuals
(Businessmen/Entrepreneurs/Professionals)

At least 23 years old but not more than 65 years old

upon loan maturity
Has a business in existence for at least three (3)
years
Gross monthly sales of at least Php 20,000.00
Business must be in the list of Top 12,000
corporations, known companies or Plantersbanks
SME clients

Documentary
Requirements
Employed Individuals
Fully-accomplished and signed Plantersbank
Auto Loan application form
Certificate of Employment

Commission Record or Payslip for the last 3

months (if with regular commission)
Latest Income Tax Return W2 form
(Mandatory-BSP Requirement)

Self-Employed Individuals
(Businessmen/Entrepreneurs/Professionals)

Fully accomplished and signed loan application form

Latest Income Tax Return W2 form (MandatoryBSP Requirement)
DTI Registration
Audited and In-House Financial Statements for the
last 3 years
Photocopy of Passbook or Statement of Account (for
the last 3 months)

Corporate Borrowers
Fully accomplished and signed loan application form
Photocopy of business registration papers
Articles of Incorporation & By-Laws

Board Resolution
Bank Statements for the last 6 months
Latest Income Tax Return W2 form (MandatoryBSP Requirement)

Overseas Filipino Workers (OFWs)

Fully accomplished and signed loan application form
Certificate of Employment with Consul authentication
(for Land-based OFWs who are direct hirees)
Contract of Employment with POEA Certification (for
Land-based and Sea-based OFWs who are agencyhired)
Proof of Remittance or Bank Statement (for the last 3
months)

Special Power of Attorney (duly signed and notarized)