Sulong Maunlad na Entrepreneur Project (SMEP) Loan

Program Profile

Target Clients Small and Medium Enterprises (SMEs)
Target areas (pilot): Tarlac province
Loan Amount (PHP): 50,000 and above
Terms: One year
Mode of Collection: Monthly with post dated checks
Security: REM/CM
Interest Rate: 18% p.a.
Service Fee: 5% per availment

SMEP Loan Amortization Table

Loan Amount Interest Monthly Amortization
50,000 9,000 4,916.67
100,000 18,000 9,833.33
150,000 27,000 14,750.00
200,000 36,000 19,666.67
250,000 45,000 24,583.33
300,000 54,000 29,500.00
350,000 63,000 34,416.67
400,000 72,000 39,333.33
450,000 81,000 44,250.00
500,000 90,000 49,166.67
1,000,000 180,000 98,333.33

Note: 3% Penalty will be imposed for non-payment of monthly amortizations.