Check Rediscounting Loan
Get Quick Funds While Waiting for Your Receivables.
OIC’s Check Rediscounting Loan is here to help your business move forward – even when your payments are still in the pipeline! It’s a financing solution designed for entrepreneurs who accept postdated checks from clients, providing access to funds immediately instead of waiting for checks to clear.
Key Features:
- Purpose: To bridge the gap between payables and receivables, maintain smooth business operations, grab expansion or investment opportunities on time, and improve supplier relationships.
- Loanable Amount: Up to 80% of the total postdated checks, with a maximum loan cap of ₱4,000,000.
- Who Can Apply:
- Must be an OIC member (AA, A, B, or C).
- Must own a legitimate business (sole proprietorship or partnership).
- Business must be at least 3 years in operation and profitable in the last 2 years.
- Collateral: Requirements are based on the loan amount; no co-maker required.
- Benefits for Entrepreneurs: Fast access to funds, no need to chase clients for early payment, stable cash flow, ability to expand business without delay, and trusted by SMEs.
Get Quick Funds While Waiting for Your Receivables.
OIC’s Check Rediscounting Loan is here to help your business move forward – even when your payments are still in the pipeline! It’s a financing solution designed for entrepreneurs who accept postdated checks from clients, providing access to funds immediately instead of waiting for checks to clear.
Key Features:
- Purpose: To bridge the gap between payables and receivables, maintain smooth business operations, grab expansion or investment opportunities on time, and improve supplier relationships.
- Loanable Amount: Up to 80% of the total postdated checks, with a maximum loan cap of ₱4,000,000.
- Who Can Apply:
- Must be an OIC member (AA, A, B, or C).
- Must own a legitimate business (sole proprietorship or partnership).
- Business must be at least 3 years in operation and profitable in the last 2 years.
- Collateral: Requirements are based on the loan amount; no co-maker required.
- Benefits for Entrepreneurs: Fast access to funds, no need to chase clients for early payment, stable cash flow, ability to expand business without delay, and trusted by SMEs.
