If you’re already a borrower under the Card Bank Inc. Micro Finance Sikap-1 loan program and you need more funds to grow your business, the MF Sikap Additional Loan is an option designed to support micro entrepreneurs who need additional capital while still repaying their current Sikap-1 loan. It serves as a top-up loan, giving repeat Sikap-1 borrowers a chance to increase their working capital while continuing to repay their existing loan.
In this guide, you’ll learn what the MF Sikap Additional Loan is all about, who can apply, what documents you need, and how to complete your application step-by-step. It also explains how much you can borrow, repayment terms, and how to get your loan disbursed.
What is MF Sikap Additional Loan?
The MF Sikap Additional Loan is a personal loan program under CARD Bank Inc. Unlike typical business loans that require you to fully pay off your current loan first, this program allows you to apply for another one-month after your Sikap-1 loan is released—as long as you meet the criteria.
Whether you’re expanding your sari-sari store, adding more inventory, or investing in new tools for your small business, the Sikap Additional Loan gives you a quick way to access more funds and allows you to:
- Access more funds without closing your original loan
- Receive support through CARD Bank’s group lending model
- Apply easily through digital forms handled by your AO
- Get disbursed fast through the konek2CARD app or over-the-counter
This microfinance product is designed for real-life business needs—offering quick, repeat access to funds as you grow.
Features
Here’s what makes this loan program attractive for small business owners:
- Available to Repeat Borrowers: You can only apply if you’ve already availed of the Sikap-1 loan at least once.
- No Need to Fully Repay Sikap-1: You can apply for Sikap Additional while still paying off your original loan.
- Quick Digital Application: Your Account Officer (AO) handles the digital form, so you won’t need to deal with long paperwork.
- Fast Disbursement: If you’re using the konek2CARD app, you can get your loan the same day or within 2 days.
- Flexible Loan Amount: Starts at ₱5,000 and can go up to ₱10,000 depending on your previous loan cycle.
- Same Lending Setup as Sikap-1: Like other CARD Bank loans, it requires a co-maker (usually your spouse/partner) to co-sign the loan.
How Much Can You Borrow?
Just like with Sikap-1, loan amounts under the MF Sikap Additional Loan grow with each cycle. So, if this is your first time getting an additional loan, expect to receive ₱5,000. On your next cycle, you may qualify for ₱10,000, depending on your repayment record. This graduated system allows you to build up your loan capacity as you continue borrowing responsibly.
Repayment Terms and Schedule
The MF Sikap Additional loan follows a weekly repayment schedule, just like your original Sikap-1 loan.
- Weekly Payments: You’ll make one weekly payment that combines the dues for both Sikap-1 and Sikap Additional.
- Payments Are Combined: No need to track two separate schedules—your AO will consolidate both loans into one weekly payment. No need for additional weekly savings and pledge payments.
- Pay at Your Center: Repayments are usually collected during your weekly center meeting with your group.
- Multiple Payment Options: You may also opt to pay online via the konek2card app or at a nearby Card Bank Inc. agent, if you can’t visit the center.
- Flexible Payment Terms: Can be paid in installments for 1 to 12 months accirding to the borrower’s preference.
This structure makes it easier to manage your dues, since your payment stays on a predictable schedule.
Benefits
Here are practical benefits of availing this loan program:
- No need to start a new loan relationship: You continue borrowing under the same program and center, making it easier to manage your relationship with Card Bank.
- Boosts your loan credibility: Responsible use and repayment of an additional loan helps build your borrowing track record for future financial products.
- Minimized paperwork and faster processing: Since your AO already knows your profile and repayment behavior, the process tends to move more quickly.
- Fits seasonal or sudden business needs: You can apply mid-cycle, which is ideal for restocking during peak demand or covering urgent expenses.
- Local, familiar processing: All steps are done at your usual Card Bank center, so there’s no need to visit unfamiliar offices or deal with new staff.
- Better financial planning: You can align the additional loan with existing payment schedules, avoiding surprise expenses or mismatched due dates.
- Supports gradual business scaling: Since the loan increases in small increments, it encourages measured growth rather than risky overborrowing.
Who Can Apply
Before applying for the MF Sikap Additional Loan, make sure you meet the following conditions:
- You are a repeat borrower of the Sikap-1 loan (at least on your second cycle).
- At least one month has passed since your current Sikap-1 loan was released.
Note: If you’re a first-time borrower, you’ll need to complete your first Sikap-1 loan cycle before applying again. This program is meant for loyal clients who’ve already shown good repayment behavior.
What You Need
To file for the MF Sikap Additional Loan, you will need to prepare the following:
- A digitally accomplished application form (this will be filled out by your Account Officer during the application process).
- Your signature and your co-maker’s signature on the form.
Note: No printed forms are usually necessary, and your AO will assist you throughout the process. Just make sure both you and your co-maker are available to sign digitally. However, in rare cases, you may need to fill out a hard copy of the form to apply for the program.
Step-by-Step Guide to Applying for the Sikap Additional Loan
Applying for the CARD Bank Inc. MF Sikap Additional Loan is simple. Here’s how:
Step 1: Go to Your CARD Bank Center
Visit your CARD Bank center or unit where you regularly transact. Make sure to come on your scheduled group meeting day or another agreed schedule.
Step 2: Inform Your AO
Tell your Account Officer that you want to apply for the Sikap Additional loan. They will check your eligibility and assist you.
Step 3: Attend a Short Interview
Your AO will ask you some quick questions about your current business, what you’ll use the loan for, and how you’re managing your Sikap-1 payments.
Step 4: Complete and Sign the Form
The AO will fill out the digital application form based on your responses. After reviewing the form, you and your co-maker will sign it digitally.
Step 5: Wait for Disbursement
Once your application is approved, here’s how you’ll receive your funds:
- For konek2CARD App Users: Wait for the loan proceeds to be deposited later that day or within 2 days.
- For Non-App Users: Visit your CARD Bank unit after 2 days to withdraw the proceeds in person.
Tips Before You Apply
For a smoother application procedure, here are are some practical things to keep in mind:
- Be sure you’ve completed at least one full month of your Sikap-1 loan.
- Talk to your co-maker early so they’re ready to sign when you are.
- Take note that taking out a Sikap Additional loan would mean an additional holdout amount in your Card Bank Inc. Savings (₱750 for ₱5,000 and ₱1,500 for ₱10,000).
- The additional holdout amount can be paid in advance or deducted from the loan proceeds.
- If you don’t have the konek2CARD app yet, consider downloading it for quicker disbursement.
- Use your additional loan strictly for your business, not for personal or non-urgent spending, so it’s easier to pay it back.
- Stay consistent with your payments to become eligible for higher loan amounts later.
Video: Card Bank Inc.
If you’re a returning Sikap-1 borrower who needs more capital, the Card Bank Inc. MF Sikap Additional Loan is a smart next step that offers that financial lift you need for your small business to keep moving forward. Not only is it easy to apply for, but it’s also just as easy to repay and has the same low interest rate as the Sikap-1 loan. Learn more about Card Bank and why it offers these things by watching this video:
To get started, visit your nearest Card Bank Inc. center and speak to your AO. You could be just a few steps away from receiving your next business loan.