FINANCING PACKAGES (Services)
The Company offers financing that may be used for various purposes like:
- To expand an existing business or to start up a business
- Additional working capital
- To improve your house
- To finance costs of overseas employment
- To purchase a house or a lot or a dream car
- For purely personal or family reason
MANILA CREDIT CORPORATION (MCC) treats all its loan applications individually and on a personal and confidential basis. A loan may be availed by an individual, by spouses, two or more members within a family, among business partners, or an entity (partnerships or corporations). Loan applicants must be willing to fill out a loan application form and submit all the necessary documentation requirements. Once completed, MCC verifies the same and subjects the applicant to credit and character checking.
Loan applicants must be ready to secure their loan application with collateral. A collateral may be a real estate property which is either a residential or commercial lot with or without improvement located within Metro Manila or its immediate environs. We also accept vehicles which may be a car or SUV which should not be more than 8 years old. MCC will check all of the collateral’s registration documents (TCTs if REM and OR/CR if CM). This is finally appraised to determine the loan value.
Choices for term of payments may be stretched to five (5) years if REM and up to three (3) years if CM.
We release loan proceeds in ten (10) days upon the satisfactory completion of documents.