Can my business borrow to pay 13th month pay?

Yes. An established business can use a business loan for payroll, including 13th month pay, and repay over 3 to 12 months. Datung offers business loans of ₱30,000 to ₱10,000,000. Subject to credit approval.

A lump sum for inventory, equipment, payroll or your peak season, repaid over 3 to 12 months.

How it works with Datung

• Apply once, online, and tell us what the money is for.
• We review your application and visit your business.
• If approved, you sign your loan documents and receive your funds.
• Repay over your agreed term. Tell us whether you'd prefer weekly, bi-weekly or monthly payments.

What we look at

• Your latest bank statements and how cash moves through the business
• What the money is for, and how it helps the business earn
• Whether the repayments fit your cash flow
• What our credit officer sees at the business visit

What you need to apply

To apply for a business loan, you need 1 valid ID and your last 3 months of bank or GCash statements.

Business loan pre-approval is usually within about 1 hour of complete documents, during business hours. This is an aim, not a guarantee.

Work out what you owe with the free 13th month pay calculator.

Questions

When should I apply?

Before payroll is due. Business loan pre-approval is usually within about 1 hour of complete documents, during business hours. This is an aim, not a guarantee.

Is this a salary loan?

No. This is a business loan to the company. Datung also offers salary loans and group micro loans.

How much does it cost?

The interest rate and all charges are disclosed in full before you sign. Datung never asks for any fee or payment before your loan is released.

Dark Knight Lending, Inc. (DBA Datung) is a subsidiary of Datung Pte. Ltd., Singapore. SEC Reg. No. 2024070157507-01, Certificate of Authority No. 3506. Contact: sales@datung.io · Company facts · Business financing by purpose