CREDIT GUARANTEE PROGRAM > INTEREST RATES
Pricing under SME FAST Facility (Rediscounting)
SBC’s pass-on rates for the period August 10 – Sept. 9, 2006:
MATURITY |
PASS-ON RATES |
91-day |
7.7 |
182-day |
8.1 |
364-day |
8.3 |
Pricing under SME FIRM Facility (Project funding)
SBC’s pass-on rates for the period August 10 – Sept. 9, 2006:
MATURITY |
PASS-ON RATES |
Above 1 year |
8.8 |
Above 3 yrs. |
9.3 |
Above 5 yrs. |
9.8 |
Other fees
Processing fee for each loan application is waived for Metro Manila-based sub-borrowers and in other provinces where SBGFC has regional offices.
Please click on and browse “Directory of SBGFC offices/ Operations managers"
Where processing fee applies, please follow schedule below:
| For loans P 1.0 million and below |
P 1,000.00 |
| For loans above P 1.0 million |
P 2,000.00 or 1/10 of 1% of the loan whichever is higher |
Penalty fees
A 24% penalty per annum shall be charged on delayed payments or on loans declared due and demandable.
Guarantee fee
At the time of granting the guarantee cover, guarantee fee structure is BRR-based.
The SBC guarantee fee should be computed based on probability of default, cost of 1/3 guarantee fund for contingent liability, and estimated transaction costs inclusive of monitoring. The SBC’s guarantee fee is estimated to be within the range of 1.0% to 3.5%.
Other fees
Service fee shall be adjusted to cover at least the costs of project visit, not tucked in the guarantee fee.
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Credit Guarantee Program