Starter Business Equipment Financing

Starter Business Equipment Financing

Are you a professional looking to earn more income for your growing needs? Start a business! If you are a regular employee earning a monthly salary of at least P25,000, Global Dominion can help you by financing the equipment you need.

Qualifications
- Company should be at least 3 years in operation
- Must be 1 year regular employee
- Gross salary must be at least P25,000 (single) or P30,000 (married)
- Must already have business location where equipment will be used & kept

Requirements
- Certificate of Employment
- Latest 3 months payslips with payroll bank statement)
- Business permits & registration (upon release of loan)
- Basic documentary requirements

Interest Rate
2.5% add-on per month

Loanable Amount
60% of the equipment’s acquisition cost (maximum of P100,000)

Processing Fee
5.5% + P150 (Metro Manila)
5.5% + P200 (provinces)

Processing Time
7 to 10 working days

Terms
12 months (1st half of term: 25% of total loan payable; 2nd half of term: 75% of total loan payable)

Agent’s Commission
2.5% for new accounts
2.5% for renewal accounts

Equity Requirement
40% of unit’s acquisition cost as down payment

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