• Interest rate (p.a.)

    3.00% - 3.00%

  • Loan Tenure

    1 - 3 years

  • Approval Duration

    2 to 3 business days

  • Min. monthly income


Loan calculator
Loan amount
Loan tenure
Monthly salaryRM0
Interest rate (p.a)


Monthly Repayment


Total Interest Payable₱0
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What's so great about Welcome Bank Business Loan?
  • High loanable amount for your business needs

Product Features

Min. financing amount₱50,000
Max.financing amount ₱1,000,000
Min. loan tenure1 year
Max. loan tenure3 years
Interest rate3.00%
Approval duration2 to 3 business days
Debt consolidationNo

Fees & Charges

One time set up
Processing fee3.00% of approved loan amount
Stamp duty₱400 (includes notarial fee)


Age requirementAge 21 - 60
Employment eligibilityMust have existed for 3 years for businesses or 1 year for professional practices
Min. salary requirement₱40,000 gross per month
Guarantor / Collateral requirementNo

Other Requirements

Need to open linked banked account?No
Other detailsLoan repayments may be done through PDCs only.

Product Review byiMoney

Welcome Bank is a subsidiary of Welcome Financial Group, a specialized retail banking provider from Korea established in 2002. They offer a wide range of financial solutions to retail consumers from credit lines and loans, to banking products such as savings accounts, to digital banking services.

One of their offerings to the retail market in the Philippines is their Business Loan. This loan option caters to small and medium business owners in the country, offering them access to financial services that can enable them to expand their businesses. It comes with a fairly reasonable eligibility requirement, one that shouldn’t give our local entrepreneurs a hard time to qualify for.

Welcome Bank Business Loan FAQ

How much can I borrow?

Welcome’s banks business loan offers PHP50,000 up to PHP1,000,000 loan.

What are Welcome Bank Business Loan's Requirements?

Welcome Bank requires their loan applicants to meet certain eligibility requirements and provide the following documents.

  • Filipino citizen at least 21-65 years of age.
  • Registered business must be operating for 3 years; for professionals such as doctors - 1 year in practice.
  • With a minimum net monthly income of PHP40,000.00 a month.
  • Must have a valid landline or postpaid number.

Required documents:

  • Fully accomplished loan application form.
  • Two (2) Valid Government IDs
  • Three (3) months Bank Statement
  • DTI Permit / SEC Registration
  • Latest Mayor’s Permit
  • Latest ITR with Audited Financial Statements (optional)
  • Utility Bill (under your residential address)
  • 3 Trade Reference / List of Suppliers

*Additional documents may be required during credit evaluation.

What is Welcome Bank Business Loan’s interest rate?

The estimated monthly interest rate for Welcome Bank’s Business Loan is 3%.

What is the loan tenure for Welcome Bank Business Loan?

Repayment options are from 12 to 36 months.

Are there any other applicable fees and charges?

The following fees will be deducted from your loan amount:

  • Processing Fee - 3% of Approved Loan Amount
  • Notarial Fee - PHP400
  • Documentary Stamp Tax - Approval Loan Amount / 200 * 1.5

How does the Welcome Bank Business Loan Calculator work?

Their Business Loan calculator provides you with a rough estimate of how much your monthly amortization will be based on your desired loan amount and payment term (tenure). You only need to fill in the amount of loan you’re applying for and your preferred tenure.

Is Welcome Bank Business Loan the right one for me?

This loan option is for thriving entrepreneurs who need extra funds for their businesses. If you meet the eligibility requirements of at least 3 years running your business or one year if you’re a professional running your own firm (or clinic for doctors), this loan is made just for you.

Check out these other business loan options that are also worth considering:

RFC Business Loan

Taking pride as a fully Filipino-owned financial services company, Radiowealth Finance Corporation (RFC) has been in service for more than 50 years. With the RFC Business Loan, you can borrow additional funds for your business starting from ₱100,000 up to ₱1,000,000 with flexible loan tenure of 3 to 12 months. Interest rate ranges from 3.5% - 4% per month with loan approval in just 3 - 5 working days. You are eligible to apply for a low minimum monthly income of just ₱7,000.

Esquire Business Loan

A relative newcomer in the lending services industry, Esquire Financing has been in operation since 2011. Focusing on SMEs, the Esquire business loan lets you borrow from ₱100,000 up to ₱10,000,000. The interest rate is 3.5% per month with approval duration up to 7 working days. Loan tenure is 3 to 6 months via issuance of post-dated checks (PDCs). You are eligible to apply if you have at least ₱300,000 minimum monthly income.

First Circle Business Loan

First Circle is also new to the financial lending industry having been in operations starting 2016. They offer high loanable amount of up to ₱2,500,000 for first time borrowers with interest rate for as low 1.74% per month. You can get approved in as quick as 5 working days with no require minimum monthly income. Loan tenure starts from 15 days up to 6 months.

You can also consider other similar products on our list of business loan providers available on our site. Check eligibility details and compare other providers to help you decide which one is best for your needs.