Revolving Credit Line
Philippines
Allow your company to directly receive operating working capital
through a loan which you can pay through your regular cash flows
Revolving Credit Line Philippines
Allow your company to directly receive operating working capital
through a loan which you can pay through your regular cash flows
What is A Revolving Credit Line?
A revolving credit line is a flexible financing option that provides a business with a pre-approved amount of credit that can be used as needed. Unlike a standard business loan, a credit line allows a company to borrow and repay funds on an ongoing basis as long as they stay within their approved credit limit. This provides businesses with direct access to working capital that they can use to manage cash flow, finance short-term projects, or cover unexpected expenses. It is especially useful for businesses that experience seasonal or unpredictable fluctuations in revenue and expenses.
Introducing ULoan’s Revolving Credit Line
ULoan Business offers a revolving credit line designed to give your company flexible access to capital. Our credit line provides a reliable source of funding that you can draw from whenever your business requires it.
We offer credit limits ranging from PHP 5 million up to PHP 28 million, with competitive interest rates starting at 12% per annum for secured loans and 18% per annum for unsecured loans.
Our revolving credit line is a versatile financing tool that can help your business navigate financial fluctuations and seize growth opportunities. Explore the benefits and features below to see if our revolving credit line is the right fit for your business.
Flexible Credit Limit
No Fixed Term
Secured or Unsecured
Loan Overview
Loanable Amount
PHP 5,000,000 up to
PHP 28,000,000
Payment Terms
30, 60, 90, and 120 days
Interest Rate
12% to 15% per annum (if secured) or 18% to 24% per annum (if unsecured)
Advantages of a Revolving Credit Line
Flexible Credit Limit: You have the freedom to draw funds as you need them, up to your pre-approved limit, giving you complete control over your working capital.
No Fixed Term: The nature of a revolving credit line means there is no fixed repayment schedule. You can borrow and repay funds on an ongoing basis, as long as you maintain your credit line in good standing.
Secured or Unsecured: We offer both secured and unsecured options, allowing you to choose the type of loan that best fits your business’s financial situation and assets.
Eligibility Requirements
- Borrower must have an existing business operating for at least three (3) years.
- Borrower must have an active checking account for at least six (6) months
- Borrower must have a Financial Statement (FS) for the past two years
- Business must be registered with DTI or SEC
- Business must be located and operating within the following areas:
- Metro Manila
- Batangas
- Laguna
- Cavite
- Rizal
- Pampanga
- Bulacan
- Nueva Ecija
- Quezon
- Borrower’s average monthly gross sales is at least PHP 1,000,000
- Borrower’s credit ratio is not higher than 50%