Interest rate (p.a.)
16.80% - 18.00% |
Loan Tenure
1 - 3 years |
Approval Duration
Up to 5-7 banking days |
Min. monthly income
₱30,000 |
| Min. financing amount | ₱50,000.00 |
| Max.financing amount | Up to ₱1,000,000.00 |
| Min. loan tenure | 1 year |
| Max. loan tenure | 3 years |
| Interest rate | Fixed rate of 17.40% per annum, 1.45% per month add-on |
| Approval duration | Up to 5-7 banking days |
| Debt consolidation | No |
| One time set up | |
|---|---|
| Processing fee | ₱2,000.00 (employed) / ₱2,500 (self-employed) |
| Stamp duty | ₱1.00 for every ₱200.00 in excess of ₱250,000.00 of the loan amount |
| Disbursement & misc. fee | N/A |
| Penalties | |
|---|---|
| Early settlement | None if you have informed the bank one month ahead. |
| Late payment charges | ₱300.00 or 5% p.a. on any balance outstanding, whichever is higher |
| Age requirement | Age 21 - 60 |
| Employment eligibility | At least ₱30,000.00 monthly income |
| Min. salary requirement | ₱30,000 gross per month |
| Guarantor / Collateral requirement | No |
| Need to open linked banked account? | Yes |
| Other details | Method of Payment - Post-dated checks |