The Plantersbank HandySalary Loan is an unsecured, multi-purpose installment loan given to qualified employees of accredited companies where payment is made via salary deduction. They offer low interest rates with no collateral, and no co-maker needed. To know if you’re qualified, see the details below:
• Existing SME client of the bank (depositor &/or borrower)
• With at least one (1) year track record with PDB.
• For depositor accounts, with minimum P500K ADB for six (6) consecutive months preceding accreditation
• For borrower accounts, satisfactory loan dealings for the past 12 months.
• Has at least 10 permanent employees
• At least 23 years old and not more than 65 years old upon loan maturity.
• Permanent employee with a minimum tenure of at least 2 years.
• Has a gross monthly pay of at least P8,000.00 for Metro Manila and P6,000 for provincial
• Not due for retirement within the term of the loan.
• No pending administrative case with present employer.
• Completely filled-out and signed Company Accreditation Application Form
• Photocopy of Income Tax Return (ITR) of the business for the last 3 years
• Audited Financial Statement (FS) of the business for the last 3 years
• Photocopy of business registration papers
• SEC Registration
• Articles of Incorporation
• DTI Registration
• Mayor’s Permit (if sole proprietorship)
• Fully-accomplished and signed Plantersbank Handy Salary loan application form
• Latest 1 month payslip or Certificate of Employment (COE) indicating the ff:
gross monthly income
net take home pay
Photocopy of 2 valid IDs (1 government-issued and company ID) with 3 specimen signatures
Latest Income Tax Return (ITR)
Planters Bank Interest:
Fixed rate of 19.08% per annum, 1.59% per month add-on
Either 12, 18, 24, 30 or 36 months
Mode of Payment:
Salary Deduction, Cash deposit, Check or ATM Transfers
Terms and Conditions:
Instant cash loan worth PHP 10,000.00 to PHP 500,000.00
• Fast approval (within 3 to 5 days upon submission of complete loan documents)
• Affordable amortization with Plantersbank’s friendly interest rates
• No collateral needed