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home-installment-loan

About Travelling with Associations Loan

MTB Bank offers a Traveling with Association Loan for financial institutions or associations. Customers from these organizations can apply for the loan through the bank and handle the monthly repayments together.

Loan Amount Service Charges Loan Tenor Interest Rate
70% to 80% of Trip Cost

1 Time Maximum 100 Mil

 2% Maximum 1 year 12% to 15%

Requirements

Basic Personal Documents
  • A loan application with details of the travel plan submitted by letter head of the financial company (or travel association).
  • Financial company (or travel association) Business License and DICA attached.
  • Meeting minutes of the company’s BOD decision regarding the travel loan and the company’s (or association’s) authorized persons.
  • Financial Statement (3) years.
  • Tax Slip (3) years.
  • Ownership documents of the person responsible for the association.
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