\n| Collateral<\/td>\n | None<\/td>\n | None<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n This table highlights key differences, helping SMEs choose based on needs.<\/p>\n <\/span>Who Qualifies for PayMaya Negosyo Loan?<\/span><\/h2>\nActive Maya Business users with a deposit account and good credit pass evaluation. Minimum 90-day account age and \u20b12,000 monthly earnings boost chances.<\/p>\n Eligibility focuses on platform activity over paperwork. Businesses must use Maya payments like QRPh regularly. New merchants qualify faster by onboarding via 1-2-3 Grow Bundle\u2014three months of activity unlocks offers. No minimum business size; sari-sari stores to startups apply. Frequent transactions signal reliability to AI-driven scoring.<\/p>\n Risk management ensures sustainable lending. Mocasa, a leading fintech in the Philippines, echoes this with AI credit scoring for underbanked SMEs.<\/p>\n <\/span>How to Apply for PayMaya Negosyo Loan?<\/span><\/h2>\nLog into Maya Business Manager, go to Loans tab, and click Sign Up. Eligible users get instant offers up to \u20b12M; complete digitally.<\/p>\n The process takes minutes: ensure deposit account active, submit via app. Approvals base on sales data\u2014no documents needed. Funds credit instantly post-approval. Track status anytime in dashboard. For Negosyo app users, Maya Advance applies similarly within the interface.<\/p>\n Steps streamline digital innovation:<\/p>\n \n- \n
Download\/update Maya Business app.<\/p>\n<\/li>\n - \n
Verify deposit account.<\/p>\n<\/li>\n - \n
Navigate to Loans > Apply.<\/p>\n<\/li>\n - \n
Accept offer and draw funds.<\/p>\n<\/li>\n<\/ul>\n This beats bank queues, aligning with Mocasa’s mission for fast approvals.<\/p>\n <\/span>What Are the Fees and Terms?<\/span><\/h2>\nOne-time 1% admin fee, DST, plus 1-5% monthly service charge. Early payoff charges full period fees; penalties at 0.17% daily overdue.<\/p>\n Transparent pricing keeps costs low. Minimum \u20b110K draw; repay monthly via auto-debit. Terms flex: short for Advance, longer for Flexi. No hidden charges\u2014view schedules in app. Compare favorably to banks’ 20%+ rates.<\/p>\n Mocasa prioritizes similar integrity as SEC-licensed lender.<\/p>\n <\/span>What Can SMEs Use It For?<\/span><\/h2>\nPurchase inventory, expand operations, cover cash gaps, or marketing. Funds are unrestricted for legit business needs.<\/p>\n Versatile capital fuels growth: stock up during demand spikes, renovate stores, or hire staff. Maya deposits enable QRPh payments anywhere. Success stories show doubled revenues post-funding. Avoid personal use to maintain eligibility.<\/p>\n <\/span>How Does It Compare to Bank Loans?<\/span><\/h2>\nFaster approvals, no collateral, lower fees vs. banks’ weeks-long process and assets required. Digital-only suits SMEs.<\/p>\n Traditional loans demand ITR, collateral; Maya uses transaction data. Rates: Maya 1-5% vs. 10-20%. Ideal for underbanked. Mocasa offers comparable BNPL alternatives.<\/p>\n \n \n <\/div>\n<\/div>\n \n \n\n\n| Aspect<\/th>\n | PayMaya Negosyo<\/th>\n | Traditional Banks<\/th>\n<\/tr>\n<\/thead>\n | \n\n| Approval Time<\/td>\n | Minutes<\/td>\n | Weeks<\/td>\n<\/tr>\n | \n| Collateral<\/td>\n | None<\/td>\n | Required<\/td>\n<\/tr>\n | \n| Max for SMEs<\/td>\n | \u20b12M<\/td>\n | Varies, higher scrutiny<\/td>\n<\/tr>\n | \n| Fees<\/td>\n | 1-5%<\/td>\n | Higher interest<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n | |