Esquire Financing Review: Interest Rate, Requirements and More

What is Esquire Financing Inc?

Established in 2011, Esquire Financing Inc. (EFI) is a non-bank financing company that provides loans and other financial services to micro, small, and medium enterprises (MSMEs). EFI offers a wide variety of loan products, including short-term and long-term loans, lines of credit, business credit cards, and invoice financing. EFI also offers consulting services to help small businesses manage their finances and grow their businesses.

Esquire Financing business loan, how does it work?

Esquire Financing lets eligible businesses apply for non-collateral loans. They can apply online through EFI’s website or in any of the offices or accredited affiliates and sales partners all over the Philippines. Businesses that can submit their latest 3 months bank statements are pre-approved.

Upon approval of the loan application, an email will be sent to notify you about the result and an EFI officer will also get in touch with the business to discuss the details of the loan, including the interest rate, amortization, and other pertinent information.

With access to fast and hassle-free loans, business owners can get the money they need without having to put up any assets as collateral. This makes EFI an ideal option for businesses that are looking to take advantage of opportunities in the market but may not have the cash on hand to do so. The company is also known for its quick turnaround times, so borrowers can get their money quickly and use it to grow their businesses.

How much does Esquire Financing loans?

The loan amount varies depending on the business profitability and ability to pay. But typically, EFI lends anywhere from PHP100,000 to PHP10 million.

Esquire Financing interest rate

EFI offers competitive interest rates on loans and they may vary depending on the loan amount and term length. It starts at 3.5% per month and may fluctuate based on prevailing market rates.

Is Esquire Financing legit?

Yes. Esquire Financing Inc is listed with the Securities and Exchange Commission (SEC) and has a certificate of authority to operate as a lending company. EFI was listed on March 18, 2011. As a duly registered company with the SEC. EFI is committed to complying with all Philippine laws, including those regulating its industry. SEC registration provides assurance to the public that Esquire Financing is a legitimate and accountable business.

How long does it take for the money to arrive?

EFI is known for its fast turnaround times, with most applications being processed and funded within 7 days. This means businesses don’t have to wait a long time to know the status of their loan application and they can quickly get the funding they need to grow their business.

Esquire Financing Philippines benefits

Business loans from Esquire Financing have fast processing and turnaround time. This means that businesses can have access to loans to keep their businesses rolling even in times of economic hardships.

Having ready access to business loans can help in business expansion for faster growth and increased profitability.

What’s great about Esquire Financing Philippines loans is that the interest rates are competitive and not prohibitive for microbusinesses. They can use the money for any purpose they choose.

How to apply for an Esquire Financing loan?

Esquire Financing helps make the loan process easy and straightforward with minimal documentation requirements. As long as eligibility requirements are met, MSMEs can easily apply for a loan and have the funds in a matter of days.

Esquire Financing Requirements

• Business Tax Identification Number (TIN) ID or other government-issued ID as proof of identification of the principal borrower.

• Latest Bank Statement (3 months)

• Bank Certification

• Photocopy of Barangay Business Clearance

• Photocopy of Mayor’s Permit

• Picture of the Business (1 exterior and 1 interior)

• Proof of Billing (water, electricity, internet, cable, etc.)

• 2x2 Picture of the Principal Borrower

• Map or Sketch of the Business

Esquire loan calculator

This easy-to-use tool will help you calculate your monthly payments, see how much you can save with a lower interest rate, and even figure out how long it will take you to pay off your loan. With this valuable information in hand, you can make the best decision for the financial future of your business.

Aside from the Esquire Financing loan calculator that you can access upon online application, you can also talk with a representative who can explain the loan interest rates, amortizations, and other details of the loan.

Esquire Financing application form

The loan application form can be downloaded from the official Esquire Financing website at https://www.esquire.com.ph/ . The application process can be done online. Simply provide the necessary information and upload the required documents.

Alternatively, you can visit EFI offices, affiliates, and sales partners. You will have to fill out an application form and submit documentary requirements.

How to pay for the Esquire Financing loan?

Loan payments are made through post-dated checks (PDCs). Upon the release of the loan, the borrower has to issue PDCs to cover the loan and the agreed-upon loan term.

What happens if I can’t pay?

The PDC you issue must have funds, otherwise, the check will bounce and you’ll have to pay penalties and other charges stipulated in your loan agreement.

If you can't pay your loan, EFI may take legal action against you. The company may also report your delinquency to credit agencies, which could damage your credit score and make it difficult to obtain future loans.

Esquire Financing, customer service

Esquire Financing Contact numbers:

• (+63 2) 8811 8888 (Manila)
• (+63 32) 2254 8204 (Cebu)
• (+63 82) 221 0082 (Davao)

Email address: loans@esquire.com.ph

Esquire Financing Inc. Address:

• Manila Office: 31st Floor Penthouse High Street South Corporate Plaza Tower 1, 26th Street, Bonifacio Global City, Taguig City, Philippines 1634

Esquire Financing Cebu Branch:

• G/F 148 Residence Building, Pelaez St., Cebu City, 6000 Cebu

Esquire Financing reviews

Business owners who have availed of business loans from Esquire Financing have generally positive reviews. They are satisfied with the hassle-free service and the fast approval times.

Esquire Financing is able to provide this positive experience by working closely with business owners to understand their needs and by providing a variety of financing options. MSMEs looking for fast and easy financing will likely benefit from the business loans offered by Esquire Financing.