Loan Requirements and Guidelines

General requirements

For most applications, prepare the following:

• Application Form
• ID Picture
• Income Tax Return — 2 years
• Registration of Business Name, if engaged in business
• Residence Certificate (Cedula), current year

Specific loan types call for additional documents — see the per-loan requirements below.

Guidelines

• Your capacity to pay is established first, before any loan is approved.
• Two co-makers are required for all clean (uncollateralized) loans, regardless of the amount.
• Collateral is required for loans in excess of ₱50,000.
• Maturity of loans with lump-sum payments cannot fall on non-banking days (weekends and holidays).

Requirements by loan type

Real Estate Mortgage — Sangla Titulo

In addition to the general requirements: Original Title (TCT/OCT), current Tax Declaration, Realty Tax Receipt (current year), Tax Clearance, Location Plan with Vicinity Map, insurance policy of improvements endorsed to SGB Lending, and pictures of improvements if any. Agricultural land also needs an Affidavit of Non-Tenancy and D.A.R. Clearance. Only titled land is accepted, all owners must be present at signing, and every property is inspected and appraised. Maximum loanable amount is up to 35% of the property’s market value.

Chattel Mortgage — Sangla OR/CR

General requirements plus the original OR and CR in the borrower’s name and the vehicle itself for inspection and appraisal. The loanable amount follows the appraised value of the vehicle.

Business & Market Vendor Loan

General requirements plus business registration documents. Clean loans need two co-makers; amounts above ₱50,000 require collateral. Clients in good standing for six months may roll over or re-avail under set conditions.

OFW & Seafarer Loan

General requirements plus employment documents (contract and, where applicable, agency/POEA papers or proof of seafarer engagement), IDs of the borrower and allottee, and proof of income or remittance history.

Personal & Emergency Loan

General requirements plus proof of employment and income; two co-makers are required for the clean loan. An Emergency Loan Facility through USSD (G-Xchange / GXI from Globe) is available for faster small-amount access, subject to qualification.

Charges and terms

Service policies

Pre-termination

Pre-termination is full payment of the loan before its maturity date. Pre-terminations are not subject to a rebate of unearned interest. For full settlement, the amount due is the Maturity Value (for lump-sum loans) or the installment amount multiplied by the number of installments still payable.

Re-availment, roll-over, and overlapping availment

Re-availment is taking a new loan after the previous one is fully paid. A roll-over extends a loan at maturity for another period with only the charges paid. An overlapping availment is a second loan taken while a first is still outstanding. To qualify, you must have been a client for at least six months with no past-due experience, and specific conditions apply by payment type (lump-sum, weekly/semi-monthly/monthly, or daily installments). Total exposure must never exceed your loan ceiling.

Not sure which requirements apply to you? Call us before gathering documents — we’ll give you an exact checklist for your situation so you only make one trip.