FAQs

Business owners who qualify on the following eligibility criteria:

AGE: Minimum 25 years old and maximum 64 years old (Client with age 61 to 64 should have their co-maker).

BUSINESS: Must have a one (1) year existence of the business; duly registered with DTI or SEC for Corporation.

Checking Account: Must have one (1) year old checking account. (If the Checking Account is less than one (1) year, client should have at least two (2) years Savings account and at least two (2) years Business operation)

Requirements for Business Loan

Duly accomplished Application Form with authority to verify deposits

2 x 2 ID picture

2 valid Gov’t Ids (Photocopy)

3 months latest Bank Statement

Photo of Borrower

Photo of Business

Latest Proof of Billing (Residence/Business)

Business / Mayor’s Permit

Sole Proprietorship

DTI Certificate

Corporation

SEC Registration

General Information Sheet

Article of Incorporation and By Laws

Board Resolution / Secretary Certificate

For a client who submitted the complete requirements, turn-around time will be seven (7) working days for Business loan and one (1) day of processing for Check Rediscounting.

Loanable amount is Php100,000.00 to Php10,000,000.00.

Minimum of 3 months and maximum of 6 months to 1 year term depending on the approval of the Credit Committee.

Yes, JK Capital does accept collateral to enhance the credit application. The collateral can be in the form of property or vehicle that can be placed against the loan. Real properties are subject to Credit Committee approval.

Two (2) valid gov’t IDs, Check booklet, Security check and a deposit slip dated upon claiming of the loan (any amount will do).

For legal purposes, in case the client fails to fund any of his/her check payment.