Make your dreams come true with a Multi-purpose Personal Loan. Borrow up to ₱3 million with no collateral. Plus, pay your loan with flexible terms of up to 60 months. Within five banking days, you’ll get one step closer to your financial goals. 

DON’T PUT YOUR PLANS ON HOLD Our Personal loan is specifically tailored to make your dreams come true.	FLEXIBLE LOANABLE AMOUNT Borrow anywhere from ₱30,000 to ₱ 3,000,000.
FLEXIBLE PAYMENT TERMS Payable up to 60 months	LOW INTEREST RATES Monthly Add-on Rate from 1.39 - 2%
EASY APPLICATION PROCESS Application is purely digital, and you can get approved in as fast as 5 to 7 banking days!	NO COLLATERAL REQUIRED Get the cash you need without any worries.

WHAT PEOPLE SAY

READY TO APPLY?

 

Eligibility

If Employed 

• At least 21 years old at the time of application but not more than 65 years old upon loan maturity
• Must be a Filipino Citizen
• Must have an office landline.
• Must be with the current company for at least six (6) months on a regular / permanent status. 1 year employed for Call Center Employees.

Income Requirements

• For Metro Manila: PHP25,000
• For outside Metro Manila: PHP20,000
• For BPO/CALL CENTER employees: PHP25,000

If Self-employed:

• Must be between 21 and 65 years old upon loan maturity.
• With minimum gross monthly income of PhP60,000. For Metro Manila-based applicants or PhP50,000. for provincial-based applicants within the Bank's serviceable area
• Have a business registered in existence of operation for at least three (3) years for Service Industries or five (5) years for Trading and other industries
• With office and home landline and/or mobile number
• Must be a credit cardholder or with existing loan from other banks for at least 1 year
• Must be a Filipino citizen. 

Documentary Requirements

If Employed:

• One (1) valid government-issued photo ID
• One (1) Company ID
• Latest 1 month payslip

SUPPORTING DOCS: 

• Latest Certificate of Employment and Compensation (Required for BPO/ Call Center/ Banking/ Selected companies)
• Latest ITR (Optional)

If Self-Employed:

• Two (2) valid government-issued photo ID
• Latest 1-year Audited Financial Statement (AFS) with at least the previous year’s comparative financials.
• SEC Registration / DTI Certificate
• Business Permit / Mayor’s Permit
• Latest Six (6) months bank statements
• Latest GIS (if corporation)
• List of 6 trade references (at least 3 suppliers and 3 customers) with contact details.

REMINDERS

• Rates shown are indicative only and may change upon approval.
• The Bank, at its sole discretion, will determine the final loan amount, term, and amortization to be approved.
• Junrix e-Services will never ask you to pay a facilitation fee for your application. If you receive a call, SMS, or email asking you to pay a facilitation fee, do not engage.
• All applicants with incomplete information and lacking requirements will not be processed.
• Original copies of the documents will be required prior to loan release. Moreover, documents other than those mentioned above may also be required to be submitted.
• No separate loan processing fee, and/or other fees, will be collected by the Bank, its employees, or any of its representative upon application, but a handling fee will be charged against the borrower to be automatically deducted from the loan proceeds.

ABOUT PERSONAL LOAN APPLICATION AT JUNRIX E-SERVICES

1. WHEN I MAKE A LOAN APPLICATION VIA JUNRIX E-SERVICES, DO I HAVE TO TAKE A HIGHER LOAN AMOUNT AND DOES PART OF MY LOAN GET DEDUCTED AS COMMISSION TO JUNRIX E-SERVICES?

No, all services on Junrix e-Services are FREE because we are self-financed via other means of revenue generation. Your loan application through Junrix e-Services would be identical in every way to if you were to take a loan directly with the bank.

2. CAN I EXTEND THE DURATION OF MY PERSONAL LOAN TO MORE THAN X NUMBER OF YEARS?

In Philippines, loan periods differ depending on factors such as financial standing of the applicant as well as the choice of bank and banking product. At Junrix e-Services, we operate only within the policies set up by the banks and are not authorized to extend or shorten loan periods beyond the dictated terms.

3. DOES JUNRIX E-SERVICES INFLUENCE THE INTEREST RATE OF MY LOAN?

Just like loan period, we operate only within the policies set up by the banks. As such, all interest rates displayed on our website shall be considered final unless a different agreement is struck between you and the bank at a later date.

4. WHAT IF I HAD ALREADY APPLIED FOR A LOAN AND WAS REJECTED? WILL MY APPLICATION BE ACCEPTED THROUGH JUNRIX E-SERVICES?

In Philippines, your ability to secure a loan is affected by your credit ratings with the banks as well as your financial state as indicated in financial data systems such as Transunion. Whilst you are welcomed to submit enquiries and applications through Junrix e-Services any time, it is recommended that you proceed to check your ratings with your bank if you've experienced several cases of rejected applications.

5. IN THE EVENT OF REJECTED APPLICATION, WHAT IS THE RECOMMENDED WAITING PERIOD BEFORE I CAN APPLY FOR A LOAN AGAIN?

Generally, we recommend a waiting period of six months before you attempt to apply for a loan with the same bank again. However, you might wish to consider applying for a loan with another bank with terms that match your financial standing. Meantime, we also advise that you clear out any outstanding financial status that might be hindering your chances of getting a loan. For more information, please check with your bank.

6. WHAT IS THE MINIMUM AGE TO BE ABLE TO APPLY FOR A LOAN?

Different banks have different terms but generally, the minimum age to be eligible for a loan is 21 years of age in Philippines. For the latest terms and information, please proceed to our Personal Loan pages.

7. CAN I APPLY FOR A LOAN IF I HAVE JUST STARTED WORKING FOR A MONTH?

To maximize your chance of approval, you are advised to have at least three documented salary pay slips (i.e., 2 years in the workforce) before you apply for a loan.

8. HOW SECURE IS MY PERSONAL DATA?

At Junrix e-Services, we value your privacy and the confidentiality of all the information you share to us. All your personal and financial records will remain safe in our hands, and we will not share any information without your consent.

9.  FOR HOW MANY MONTHS/TERMS I CAN PAY THE LOAN?

You have option to pay the loan amount for: 12, 18, 24 and 36 months.

10. CAN I GET A PERSONAL LOAN IF I HAVE A CANCELLED CREDIT CARD?

If you have a cancelled credit card from any bank, please get the necessary clearance before applying for a personal loan to ensure the smooth processing of your application.

11. HOW MUCH IS THE AMOUNT I CAN LOAN?

Minimum amount that you can avail is PHP20,000.00 and maximum is  PHP2,000,000.00. Loan amount will be based on credit evaluation and income documents submitted.

12. HOW DID JUNRIX E-SERVICES OBTAIN MY PERSONAL DATA?

The only way in which we obtain customer data is directly from the customers themselves. If you receive a call from us, you may have made an inquiry or applied for a service on www.junrix.com or through any of our affiliated websites. We do not engage in the purchase or sale of customer data because we deem it to be an unethical business practice. We care about you!

13. HOW WILL I RECEIVE MY MONEY LOAN?

Claiming your loan will depend on the bank or lender’s process. If you have a savings account with the bank you loaned from, your loan will be credited there. You can also choose to receive it via check or cash. Make sure to check with your loan provider so you’ll know what to expect.

14. WHAT IS THE DIFFERENCE BETWEEN EFFECTIVE RATE AND ADD-ON RATE?

Banks that provide personal loans charge two sets of interest rates: monthly add-on rates and effective annual interest rates.
Add-on rate is the interest that the lender charges every month on the amount you plan to borrow.
Effective interest rates show the actual cost of borrowing money. It includes the administrative or service fees that the bank charges for processing your loan application. This is why the effective interest rate—the one you’ll need to pay—is typically higher than the add-on rate.

15. WHERE CAN I USE MY PERSONAL LOAN?

You can apply for a personal loan to fund almost anything that requires a huge amount of money. For example, you can get a loan online to start your own business or send your children (or even yourself) to school. Here are other purposes Filipinos typically use to get a personal loan:
Medical emergencies
Home improvement
Debt consolidation
Business opening or expansion
Wedding
Travel/vacation
Furniture/appliances/gadgets

IF YOU HAVE SHORT-TERM MONEY NEEDS, A PERSONAL LOAN CAN BE THE ANSWER. WITH NO COLLATERAL NEEDED, YOU CAN EASILY APPLY FOR A PERSONAL LOAN AT ANY BANK IN THE PHILIPPINES. TO LEARN MORE ABOUT THE BASICS OF PERSONAL LOANS, WE'VE COMPILED THIS FAQ FOR YOUR CONVENIENCE.

WHAT IS A PERSONAL LOAN?

True to its name, a personal loan is a loan for any personal expense. Unlike a housing loan or a car loan, you can use a personal cash loan for anything you want, be it tuition fees, travel, or anything else.

There are two types of personal loans available: secured and unsecured. A secured personal loan requires collateral, such as a house or car, to back the loan. For unsecured personal loans, you don't need to put up any kind of collateral. Unsecured personal loans are much more common in the Philippines, though secured loans are also available.

HOW DO PERSONAL LOANS IN THE PHILIPPINES WORK?

When you take out a personal loan in the Philippines, you enter into an agreement with the lender (usually a bank) and promise to repay your loan over an agreed length of time (also known as the loan tenure or loan tenor). If you're taking out a secured loan, you will also need to put up a collateral.

To repay your personal loan, you make monthly payments for the loan tenure until you've fully repaid both the principal of the loan and the interest. During the early years of the loan, the majority of your monthly payments will be used to repay interest, however, as time passes, a larger proportion of your payments will go into paying down the principal.

Rates vary from bank to bank. For example, a Security Bank personal loan has an effective interest rate of 29.48%, while another personal loan has an effective interest rate of 26.62%.

WHICH BANK OFFERS THE LOWEST INTEREST ON PERSONAL LOANS?

Most personal loans from banks in the Philippines offer attractive interest rates for their personal loans. While standard monthly interest rates are around 1.5% to 2%, you can get lower deals for more specific types of personal loans like OFW loans or personal loan for business expansion. Depending on the specifications of your needs, you avail the lowest rates on personal loans from these banks.

Bank	Monthly Interest Rate
CTBC Personal Loan	As low as 1.39%
SB Finance Personal Loan	As low as 2%
Eastwest Bank Personal Loan	As low as 1.49%
Equicom Personal Loan	As low as 1.5%

WHICH BANK IS BEST FOR PERSONAL LOANS IN PHILIPPINES?

The best bank for your personal loan needs will vary according to your qualification and/or your preference. There are banks who offer low interest rates but their payment terms may not be as attractive. Meanwhile, you may get a loan with better tenure but a less appealing interest rate. Quick loans from non-traditional lending companies will grant loans with less paperwork but their interest rate may be a lot more than what banks offer. Depending on what you value most, you'll get the best deals for every category from different loan providers.

Low Interest Rate	CTBC (1.39% per month)
Bigger Amount	SB FINANCE (Up to ₱2,000,000)
Longer Tenure	Equicom Savings Bank (Up to 5 years)
Fast Approval	SB Finance, CTBC Bank
Minimal Documents	SB Finance, CTBC Bank, Eastwest Bank

HOW MUCH CAN YOU BORROW?

You can borrow loan amounts as much as ₱2,000,000 when you apply for a personal loan from a bank, though it will still be subject for evaluation and may or may not be approved based on your capacity to pay. Meanwhile, private lenders on the average mostly offer from ₱10,000 to ₱200,000. Private lenders, unlike banks, don't usually have a standard maximum loan amount. However, many of them do base their approved loan amount on the borrower's income.

For your reference, below are the different personal loan providers and the maximum amount of loans they offer.

Provider	Maximum Loan Amount
CTBC Personal Loan	₱2,000,000
East West Bank Personal Loan	₱2,000,000
Security Bank Personal Loan	₱2,000,000
RCBC Bank Personal Loan	₱ 5,000,000

 

WHAT IS THE BEST PLACE TO GET A PERSONAL LOAN?

There is a type of personal loan for every financial need. To get the most out of what banks and private lending companies have to offer, applying for a specific personal loan that's appropriate for your needs (starting a business, home renovation, etc) and/or branded for your profession (Doctors loan). This will give you more flexibility to pay back the amount you've borrowed.

HOW CAN I GET A PERSONAL LOAN FAST?

As a general rule of thumb, you must submit the complete documents required by the bank or loan provider. Even a single missing requirement such as a valid ID or an incomplete form will take out a day or two from the loan application verification, thus delaying the disbursement of your loan further.

LOAN TERMS

Collateral:
This refers to the asset the borrower pledges to a given lender in order to secure a loan and this will be impounded by the lender in case of default in payment of the loan.

Early settlement penalties:
The fees that the borrower will have to pay in the event that he/she settles the loan at an earlier date from the one specified on the loan agreement. This is usually estimated as a percentage of the initial loan amount.

Guarantor:
This is a person who agrees to be liable for the payment of a loan in the event that the borrower will be unable to pay for it on time.

Late Payment Charges:
This is the fee which the bank will charge you in the event of non-payment of your loan on the agreed time schedule. For example, for SB Finance personal loans, late payments are charged 3% a month.

Loan/Financing Tenure:
This refers to the time period for a certain loan. At the end of the loan tenure, the borrower is supposed to have cleared the loan taken.