PBCOM Personal Loan

  1. #15171
    maverick
    Maverick Member
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    PBCOM Personal Loan

    PBCOM Personal Loan offers one of the lowest interest rates among banks in the Philippines.

    pbcom personal loan philippines

    ACCEPTABLE LOAN PURPOSE:

    – Tuition Fee or School Expenses
    – Wedding or Other Special Events
    – Home Improvement
    – Car Repair
    – Appliance or Furniture Purchase
    – Business
    – Travel and/or Vacation Expenses

    ELIGIBILITY REQUIREMENTS:

    •21 to 65 years old (Applicant must not be more than 65 years old upon loan maturity)
    •Filipino citizens or local resident foreigners who live within PBCOM business center locations (Local resident foreigners should present Immigrant Certificate of Residency OR documents as required by Executive Order 226 OR Visa and work permit)
    •Must have an existing locally-issued credit card issued 12 months prior and with a minimum credit limit of Php 30,000
    •Income of applicant must be within the minimum income required by PBCOM as follows:

    If Salaried:
    •Must have a minimum Gross Annual Income of PHP 260,000;
    •Must be a permanent employee or if probationary, must be within the same line of work or industry for the last 2 years

    If Self-Employed:
    •Must have a minimum Gross Annual Income of PHP 300,000;
    •Business must be 3 years in existence or 1 year practicing professional

    Optional Income Requirement to facilitate FASTER processing:

    Original Certificate of Employment with a Top 1,000 Corporation including position, date of employment, tenure and gross annual income

    For Salaried Individuals:
    – Filled out and signed application form
    – Two (2) valid government-issued IDs with photo and signature
    – Latest two (2) months credit card statements
    – Front photocopy of credit card
    – Proof of Income
    – A copy of the latest Income Tax Return (ITR) of the borrower and his co-maker, if applicable; OR
    – Employer’s Certificate of Compensation Payment/Tax Withheld (BIR Form 2316); OR
    – Latest three (3) months’ pay slips upon loan application

    For Self-Employed Individuals:
    – Filled out and signed application form
    – Two (2) valid government-issued IDs with photo and signature
    – Post Dated Checks
    – Latest two (2) months credit card statements
    – Front photocopy of credit card
    – Proof of Income:
    – A copy of the latest Income Tax Return (ITR) of the borrower and his co-maker, if applicable
    – Latest Audited Financial Statements
    – Photocopy of Certificate of Business Registration with SEC or DTI (if loan purpose is for business use)

    Interest Rates:
    – Monthly Add-on Rate (if 26.90% Annual Interest Rate):
    – 1.264% to 1.339%

    Monthly Add-on Rate (if 35.90% Annual Interest Rate):
    1.708% to 1.868%

    Effective Interest Rate (Annual):
    26.90% to 35.90%

    Processing Fee:
    – PHP 2,000 (Deducted from loan proceeds or paid over the counter)

    Tenure:
    12, 18, 24, 36, or 48 months

    Mode of Payment:
    Equal monthly installments covering principal and interest to be paid via Post Dated Checks or Automatic Debit Arrangement

    Terms & Conditions:
    Loan Amount:
    Minimum of PHP 40,000
    Maximum of PHP 1,000,000

    Advantages:
    – Fast approval and disbursement
    – Personalized service
    – Competitive interest rates
    – Flexible payment terms and payment arrangements

    Other PBCom Products:
    PBCOM Housing Loan
    PBCOM Auto Loan
    SME Loans
    PBCOM Deposits

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