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First Circle Business Loan

Get as much as ₱2,500,000 all in just one click!

  • icon Interest Rate
    Interest rate (p.a.)
  • icon Min. monthly income
    Loan Tenure
    0.5 - 0.5 year
  • icon Min. monthly income
    Approval Duration
    Up to 5 business days
  • icon Min. monthly income
    Min. monthly income
    ₱ 0

Loan Calculator

icon New Base Rate Loan Calculator

Monthly salary 0
Interest Rate
You Pay
Total Interest Payable
Total Amount Payable

Whats 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!

Product Features

Min. Financing Amount ₱0
Max. Financing Amount ₱2,500,000.00
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
Debt Consolidation No

Fee & Charges

One time set up
Processing Fee 1.99%
Stamp Duty N/A
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
Employment eligibility N/A
Min. salary requirement ₱0 gross per month
Guarantor / Collateral requirement No

Other Requirements

Need to open linked bank account? No
Other details Payment thru cheques or PDCs

Review by iMoney

Prepare your business for anything with fast and accessible funds from First Circle. Focused on providing supply chain financing to strong businesses, they have been in the industry since 2016 and gained the support of the government after being the first Fintech company licensed by the Securities and Exchange Commission (SEC) in the Philippines. With the purpose of providing financial solutions to help empower Small and Medium Enterprises, they have been named as an official finance partner of the Department of Trade and Industry (DTI). With a First Circle Business Loan, you can avail of short-term funding without the need for collateral. There are no hidden fees, the application is simple and efficiently done online, and best of all, the processing is fast, with funds straight to your account within 5 days. You can choose between Purchase Order or Invoice Financing Loan where you will just need to show these documents to be eligible for a loan. For first time borrowers, you can receive up to ₱2,500,000 loan amount. The loan tenure ranges from 15 days up to 6 months with interest rate starting at 1.74% per month and a fixed processing fee of 1.99% of the total loan amount.

Advantages Of Applying With First Circle Business Loan:

  • No collateral or minimum salary requirement.
  • Fast approval and disbursement within 5 days.
  • Low interest rate: starts at 1.74% per month.
  • High loanable amount up to ₱2,500,000.

If you want to avail, take a look at the rest of the details below for more information regarding the product.

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 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
  • GIS
  • 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 the amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

What is the First Circle Revolving Credit Line and how does it work?

First Circle Revolving Credit Line is a way of accessing funds for you business opportunity or unexpected cash flow gaps. You can have unlimited drawdown access to credit between Php250,000 to Php5,000,000 pesos but only get to pay interest on the funds that you use.

Where can I use a Revolving Credit Line financing?

You can use Revolving Credit Line financing to either help expand your business or resolve unexpected cash flow gap on your business such as the need to make large orders, pay suppliers in cash or extend credit to customers.

How can I apply for the First Circle Revolving Credit Line?

To apply simply fill out the online form. Once done you should expect a representative from our Customer Care team to contact you about the steps and requirements for the application and receive a feedback on your application in 5-7 business days.

What are the requirements for the First Circle Revolving Credit Line?

The requirements for the First Circle Revolve Credit Line are the following:

  1. Valid ID: Passport, Driver's License, TIN ID, PRC ID, Postal ID, Unified Multi-Purpose ID
  2. Business Information
    • Proof of Billing Address: Mayor's Permit, Lease Contract, Utility Bills (such as Meralco, Water Bills, etc.)
    • BIR Certificate of Registration: Form 2303 for Sole Proprietors
  3. Information on your top 3 buyers or Summary Alphalist of Withholding Tax. To help us understand your trading partners and provide you with the most accurate level of financing, we need to know more about your top 3 customers. They also accept the Summary Alphalist of Withholding Tax (SAWT) as an alternative to the information of your top 3 buyers.
  4. Bank statements and audited financial statements: They also need photos or PDFs of your 1) bank statements for the last 3-6 months (the more months the better) and 2) audited financial statements for the last year OR your business' income tax return.

What are the terms and loan tenure?

Loan tenure is a minimum of 15 days and a maximum of 6 months.

What is the interest rate, other fees and charges of the First Circle Revolving Credit Line?

Interest rates vary between 1.39% - 3.49% per month depending on your company's profile and business needs, selected loan amount, term length, payment frequency, or the buyers you transact with. You can also choose to either pay a processing fee which is 1.99% of the principal amount or a subscription fee for unlimited drawdowns.

Is First Circle legitimate and are their services legal?

Yes. First Circle is a legitimate financing institution providing solutions for business needs and is registered to government agencies such as SEC and is partner and member of DTI, Philippines Finance Association, Credit information Corporation and is compliant with the Data Privacy Act.

What happens if I cannot make the loan payment?

If you think you will be unable to make the loan payment, simply reach out to one of First Circle representatives so we can find a solution for your problem.

How does the Bayanihan Act affect my business loan?

With the Bayanihan Act, you are given a mandatory payment extension of 30 days from the due date of the loan if such due dates fall during the Enhanced Community Quarantine period how long it may be depending on the mandate of the government.

What makes First Circle lending different from a bank?

First Circle is not a bank despite providing business loans to companies, they do not accept deposits into savings and demand deposit accounts. It's designed to provide financial solutions with simple online applications and fast processing to cater to your business.

Is First Circle Business Loan the right one for me?

With the aim of increasing the business potential of existing companies, First Circle offers short-term business loans for SMEs that receive large purchase orders or have pending invoices. This is ideal for business owners who are in need of additional capital in order to serve the requirements of a growing business and address temporary gaps in their cash flow. By doing so, companies can continue to take on larger orders, offer extended credit to preferred clients, and eventually serve more clients, preventing the cost of lost opportunity. Having a fast application and disbursement process of 5 business days, assuming timely submission of documents allows for continuity in operations, maintaining healthy cash flow for your business. Take this opportunity and leverage First Circle’s financial services as your company’s competitive advantage.

Don’t wait till the last minute when addressing potential funding issues for your business. If you find this product lacking, there are still other options you can consider. View the following alternatives below to find what fits your requirement:
Esquire Business Loan

For a business to run unhampered, there should be enough funds to maintain positive cash flow, especially if there are plans for expansion. Good thing for a budding microloan industry, we now have easy access to fast and reputable financial providers. Similar to other short-term business loans, the Esquire Business Loan offers additional funds starting from ₱100,000 up to ₱10M with flexible terms of 3 months up to 1 year. The interest rate is also reasonable which ranges from 1%-3% per month. The best thing is you can get approval and receive the funds in as fast as 7 working days. To apply, you need to have a minimum monthly income of ₱30,000 and must be between 21-59 years old. The preferred method of payment is through post-dated checks.

RFC Business Loan

Starting up a venture doesn’t always require you to have a high amount of capital. If the nature of your business allows you to work with minimal capital then RFC Business Loan would be the ideal financial loan provider for you. Having been in the industry for more than 50 years, you have assured a top-notch level of service coming from a reputable provider. They have multiple products that you can choose from, based on your loan requirement. For their business loan, you can borrow starting from ₱100,000 up to a maximum of ₱1,000,000 at a monthly interest of 3.5-4% and a processing fee of 6% of the approved loan amount. Loan tenure starts from 3 months up to 1 year and you only need to have ₱7,000 monthly income to qualify. Apply now and get approved as quick as 3-5 working days.

Zenith Business Loan

Ideal for Small to Medium Enterprises (SMEs) that are starting up, Zenith Business Loan offers additional capital that a company can use whether for business expansion, capital expenses, or operational and cash flow requirements. With fast application process, you can get approved within 7 working days and receive loan amounts from as low as ₱100,000 up to ₱10M. The interest rate is 2.5% per month and there’s a processing fee of 5% of the approved amount. There is no collateral requirement, however, you need to be 21-64 years old and must have a minimum monthly income of ₱20,000 with the registered business running for at least 1 year to be eligible.

For non-business owners, there are a number of fast cash online loan providers that you can choose from that’s listed on our site. Review their details and choose which one is best for your needs.