Blend PH, an award-winning peer-to-peer platform in the Philippines, serves thousands of entrepreneurs.
What you need to know about this loan:
- Loan amounts offered: PHP 100,000 – PHP 2,000,000
- Loan terms (monthly): From 6 to 36 months
- Payment methods: Fast processing in 24-48 hours
- Interest rate: Variable according to risk type; 1.5% to 3% per month
Pros:
- Quick processing: Receive your loan quickly, in just 24 to 48 hours after approval.
- Flexibility in terms: Choose from terms of 6 to 36 months, better adapting to your company’s needs.
- Easy access: Fully online, avoiding queues and bureaucratic processes.
- Options for different risk profiles: Competitive interest rates, adjusted to the applicant’s risk profile.
- Collective investment: Opportunity to receive funds from various investors, facilitating approval.
Cons:
- Minimum operational time requirement: Must have at least one year of operation.
- Detailed documentation required: Includes tax return and financial statement for evaluation.
Why choose Blend PH for your loan?
While Security Bank offers loans with annual interest rates starting from 9%, Blend PH offers monthly rates starting from 1.5%, benefiting businesses with short-term needs.
Union Bank focuses on companies with profitable operations for at least two years, while Blend PH accepts companies with one year of operation.
East West Bank has a more prolonged process for loan disbursement, while Blend PH ensures funds within 48 hours after approval.
CIMB offers digital banking services, but Blend PH specializes in peer-to-peer lending solutions that can offer more attractive rates and flexible terms.
Kviku is a platform more focused on personal and smaller loans, while Blend PH focuses on substantial business loans with longer terms.
How to apply for your Business Loan
To apply for Blend PH’s business loan, start by clicking below for more information and check your eligibility today!