• Local Government Unit (LGU)
• Primary/Secondary Tourism Enterprise/ Operators/ Investors like Small and Medium Enterprises (SMEs) and Corporations (at least 60% Filipino-owned)
• Farm Tourism Operators/Investors that may be Sole Proprietorship/Partnership, Cooperatives, Farmers Association/Organization (with legal personality to borrow), Corporation and Homestay Owners

▪ Up to 100% for LGUs
▪ Up to 80% for SMEs and cooperatives
▪ Up to 75% for Large Corporations

▪ Working Capital
▪ Permanent Working Capital
▪ Capital Expenditures/ Fixed Asset Acquisition/
Construction
▪ Production Loan for Farm Tourism

▪ Prevailing interest rate at the time of availment

• Object of financing
• For LGUs projects – Deed of Assignment of 20% National Tax Allotment
• For other borrowers, any or a combination of the following:
➢ Real Estate Mortgage
➢ Chattel Mortgage
➢ Hold-out on Deposits
➢ Assignment of Receivables
➢ Assignment of guarantee, surety, insurance and other similar instruments
➢ Assignment of contract receivables or PN of sub-borrowers plus underlying collateral
➢ Post Dated Checks
➢ Credit Life Insurance
➢ JSS
➢ Other collateral acceptable to the Bank

The TOURISM Plus Lending Program combines the Bank’s tourism-related loan programs into a single, streamlined initiative in support of the government’s push to revitalize the industry and develop world-class destinations and facilities.

Local Government Units, DOT-accredited Primary/Secondary Enterprises/ Operators/Investors like SMEs and corporation with 60% Filipino ownership and Farm Tourism Operators/Investors like sole proprietorship/partnership, coops, farmers’ associations with legal personality to borrow, corporations and homestay owners.

Eligible loan purposes include construction and improvement of tourist destinations; establishment, improvement, renovation and expansion of primary and secondary tourism enterprises; and specific projects for farm tourism. Also eligible are loans for working capital requirement, permanent working requirement, capital expenditure and production loan for farm tourism.

For SMEs and Cooperatives, up to 80% of the actual need or project cost. For large corporations, up to 75% of project cost. For LGU projects, up to 100% of total bid price or contract price.

For short term facilities, repayable within a year. For term loans, up to fifteen years depending on the project to be financed.