Equicom Personal Loan
With Equicom Savings Bank Personal Loan, you can start turning your plans into reality. Whether you want to plan for your dream family vacation, improve your home, or refresh your finances, a loan from us could be more affordable than you think.
Product Overview
| Product Name: | Equicom Personal Loan |
| Remarks: | With low, flexible and affordable rate |
| Minimum Amount of Loan: | PHP15,000.00 |
| Maximum Amount of Loan: | PHP1,000,000.00 |
| Minimum Loan Tenure: | 12 months |
| Maximum Loan Tenure: | 48 months |
| Early Repayment: | 5.0% of the remaining principal balance or PHP500.00 whichever is higher |
Eligibility and Requirements
| Age Range of Borrower: | 21-65 years old |
| Minimum Annual Income: | PHP240,000.00 |
| Income Requirement Remarks: | Apply for as low as PHP20,000.00 monthly income |
| Employment / Work Status: | Permanent Employee for 0 year / 3 years Business Operations for Self-employed / 3 years of Practice for Professionals / Government Employee for 0 year |
| Borrower has to have Credit Card: | No |
| Guarantor Required: | No |
| Collateral Required: | No |
| Other Requirements: | Office Landline or Home Phone Number |
| Need to Open Linked Bank Account: | No |
Application and Approval
| Application Channel: | Apply through junrix.com |
| Approval Duration: | 5 to 7 banking days |
| Approval Duration Remarks: | Be approved in as early as one week |
Fees and Charges/Penalties
| Loan Processing and Dispersal Fees: | PHP1,500.00 for Employed , PHP2,000.00 for Self-Employed |
| Early Repayment Penalty: | 5.0% of the remaining principal balance or PHP500.00 whichever is higher |
| Late Payment Penalty: | 3.0% per month of the total overdue amount or PHP500.00 whichever is higher |