- Interest rate (p.a.)
20.88% - 20.88%
- Loan Tenure
0.5 - 0.5 years
- Approval Duration
Up to 5 business days
- Min. monthly income
What's so great about First Circle Business Loan?
- Up to ₱2,500,000 loan amount for first time borrowers.
- Approval duration of up to 5 business days only
- Interest rates range starts for as low as 1.74%
- Get interest rebates for early repayments!
|Min. financing amount||₱0|
|Max.financing amount|| ₱10,000,000.00|
|Min. loan tenure||15 days|
|Max. loan tenure||6 months|
|Interest rate||1.74%-2.5% per month|
|Approval duration||Up to 5 business days|
Fees & Charges
|One time set up|
|Disbursement & misc. fee||N/A|
|Early settlement||Early repayments are well accepted and incentivized with interest rebates!|
|Late payment charges||2% weekly|
|Age requirement||Age 21 - 65|
|Min. salary requirement||₱0 gross per month|
|Guarantor / Collateral requirement||No|
|Need to open linked banked account?||No|
|Other details||Payment thru cheques or PDCs|
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First Circle SME Business Loan FAQ
How much can I borrow?
With a First Circle Business Loan, first time borrowers may get approved as much as ₱2,500,000 to as much as ₱10,000,000 subject to approval.
What are the First Circle Business Loan Requirements?
An applicant must fulfill First Circle's eligibility criteria for a loan consequently, after filling out an application form, the following documents are necessary:
- 1 official ID
- Proof of Billing
- DTI or SEC Certificate
- BIR Certificate
- Purchase Order OR invoice
*Additional documents may be required during credit evaluation.
How does the First Circle Business Loan Calculator work?
The First Circle Business Loan calculator computes the estimated cost of borrowing and amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
Additional funds can come in handy especially for a growing company’s business operations. Find the one you need with these alternative options:BDO SME Business Term Loan
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BPI Family Ka-Negosyo Franchise Business Loan
Check out the rest of the featured Business Loans listed on our website and select which facility is right for your needs.