Experience Effortless Banking

ELIGIBLE BORROWERS
• Hospitals and other health facilities that are either
government or privately owned.
• Private healthcare providers and medical institutions licensed by the Department of Health (DOH)
• Small and Medium Enterprises (SMEs), Large Corporations in health & medical goods/services sector
• Associations, Cooperatives, NGOs in health and medical goods/services sector
• Drugstores
• Prescriptive drugs, medical equipment manufacturers and dealers

LOAN PURPOSE
• Capital expenditures such as, but not limited to:
• Construction, renovation, repair, upgrading of hospitals and other health facilities, drug stores, & business facilities
• Acquisition of healthcare provision-related equipment and instruments, construction, renovation, repair, upgrading of hospitals other health facilities, drug stores, business facilities and instruments, including systems for medical products manufacturing
• Project & business requirements, facilities and equipment in compliance with DOH regulations
• Working Capital/Permanent Working Capital for, but not limited to:
• Acquisition of medical supplies/inventories and stocks of medicines;
• Outsourcing of technical , medical, and ancillary services, and support services
• Preparation of feasibility study, architectural and engineering design

CREDIT FACILITIES
• Short Term Loan Line

• Term Loan
• Letter of Credit

LOANABLE AMOUNT
Based on project cost or repayment capacity of borrower with project
cost sharing limit:
• 80:20 for private borrowers
• 90:10 for Local Government Units (LGUs)/ Government-Owned and Controlled Corporations (GOCCs)

INTEREST RATE
Prevailing LANDBANK rate at time of availment

LOAN TENOR
• For Short Term Loan Line: Via 30-360 days PNs
• For Term Loan: Based on project’s/borrower’s cash flow or the:
• Buildings/Facilities: Maximum of 15 years
• Equipment: Maximum of 10 years
• Working Capital: Maximum of 5 years
Inclusive of up to three (3) years grace period on principal payment

REPAYMENT TERM
Payable monthly, quarterly, semi-annually or annually depending on the cash flow and based on the approved amortization schedule

COLLATERAL
• Object of financing
• Real Estate Mortgage
• Chattel Mortgage
• Deed of Assignment of Receivables
• Assignment of Hold-out on Deposits
• JSS of principal or key officers

CREDIT ENHANCERS
• Post-dated checks
• Assignment of Insurance and/or Guarantee cover

DOCUMENTARY REQUIREMENTS
• Corporate/Registration Papers
• Financial Documents
• Feasibility Study/Business Plan
• DOH (Department of Health) Certificates/Permits/ Licenses or Philhealth Accreditation document
• Certificates/Clearances from the Department of Environment and Natural Resources (DENR) and Local Government Unit (LGU)