PS Bank Flexi Personal Loan is the first and only personal loan with no collateral product with a revolving credit line and a fixed term loan.
Age: At least 22 years old to 54 years old upon application
Source of Income: Employed or self-employed
Work Tenure: At least 2 years permanent work status with 1 year tenure in current employer if employed or 3 years profitable in the same business if self-employed
At least PhP15,000 gross monthly income if employed
At least PhP30,000 net monthly income if self-employed
Preferably an active credit cardholder
With residential landline or mobile number, business landline and email address
Completely filled out PSBank Flexi Personal Loan application form
Photocopy of any of the following identification cards: Company ID, SSS, GSIS, PRC, Driver’s License, Passport or TIN (plastic card type), Firearms License, NBI Clearance, Integrated Bar of the Philippines ID
Photocopy of BIR form 2316, 2306, 2307 or 1700 for employed applicants
Photocopy of BIR form 1701 or 2317 for self-employed applicants and Auditor’s Report and Financial Statement with BIR Stamp
Original copy of the latest credit card billing statement (with the client as the PRINCIPAL cardholder)
2.5% monthly interest rate for the Revolving Loan
1.75% monthly add-on-rate for Term Loan
24 or 36 months
Mode of Payment:
Over-the-counter at any PSBank branch nationwide
BancNet ATMs nationwide and BancNet Online for clients who have deposit accounts in these banks
Via PSBank Online for enrolled and activated PSBank accounts
Client-initiated deduction/debit from PSBank deposit account only
Fund Transfer from another PSBank deposit account
Terms and Conditions:
Minimum of PHP 20,000.00
Maximum of PHP 250,000.00
5-9 business days
Advantages and Benefits:
Prime Rebate allows customers to earn rebates or savings when they make advance or excess payments on their PSBank Flexi’s monthly due.
The rebate is automatically applied to all new and existing term loans. The client does not need to register or enroll to get the rebate.
Rebates earned from advance/excess payments are computed on a daily basis – including weekends and holidays, starting on the date the payment is posted, and credited every due date.
Rebate is applicable to advance/excess payments for the total term loan amortization due.
Prime Rebate is not valid for loans under a zero-interest rate promotion or program.