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Chinatrust Salary Stretch Personal Loan

CTBC Bank Personal Loan

Cure your payday blues and solve your short-term financial problems when you apply for a CTBC Bank Personal Loan. Borrow up to ₱1 million and pay in flexible 12, 18, 24, or 36 monthly installments. Plus, receive your loan proceeds in as fast as 3 banking days.

Interest rate (p.a.)

16.67 - 16.67% 

Loan Tenure
1 - 3 years
Approval Duration

Up to 3-5 banking days

Min. monthly income

₱15,000


What's so great about Chinatrust Salary Stretch Personal Loan? 

  • Monthly add-on rate from 1.39%.
  • Borrow any amount from ₱20,000 to ₱1,000,000.
  • Loan tenor from 12 to 36 months.

Product Features

Min. financing amount ₱20,000.00
Max.financing amount Up to ₱1,000,000.00
Min. loan tenure 1 year
Max. loan tenure 3 years
Interest rate EIR ranges from 29.48% (12 months) up to 44.47% (36 months), 1.39% per month add-on
Approval duration Within 3-5 banking days
Debt consolidation No

Fees & Charges

One time set up
Processing fee ₱1,500.00
Stamp duty ₱1.00 for every ₱200.00 in excess of ₱250,000.00 of the loan amount
Disbursement & misc. fee N/A
Penalties
Early settlement None, if you have informed the bank one month ahead
Late payment charges 5.00% p.a. on any balance outstanding.

 

Eligibility

For Salaried Individuals

  • Must be between 23 and 65 years old* upon loan maturity
  • With a minimum gross monthly income of PhP15,000 for Bankers and PhP20,000 for Non-Bankers
  • Must have at least six (6) months work tenure with current employer or a total of two (2) years working experience, including work on a regular / permanent status
  • With office landline
  • Must be a Filipino citizen

For Salaried Individuals in Call Center industry

  • Must be between 25 and 65 years old* upon loan maturity
  • With a minimum gross monthly income of PhP20,000
  • Must have at least three (3) consecutive years from call center industry on a regular / permanent status
  • With office landline
  • A Filipino citizen

*61 to 65 years old upon loan maturity may be allowed if verified with employer that retirement age is 65 years old. Borrowers who are more than 60 years old upon loan maturity must also submit a photocopy of a Credit Life Insurance.

 For Self-Employed Individuals

  • Must be between 25 and 65 years old upon loan maturity
  • With a minimum gross monthly income of PhP20,000
  • 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
  • Must be a Filipino citizen
For Employed Doctors
  • Must be between 25 and 65* years old upon loan maturity
  • With minimum gross monthly income of PhP25,000.00 and working within the Bank's serviceable area
  • Employed with the current employer for at least two (2) years on a regular/permanent status
  • Have a hospital landline and residence landline or mobile number
  • A Filipino citizen

*If verified retirement age of company is 65 years old, otherwise 60 years old. Borrowers more than 60 years old (but not more than 65 years old) upon loan maturity must submit a Credit Life Insurance.

For Self-Employed Doctors or Consultants
  • Must be between 25 and 65 years old upon loan maturity
  • With minimum gross monthly income of PhP25,000.00 and working within the Bank's serviceable area
  • Must be a registered doctor/dentist for at least three (3) years based on Professional Regulatory Commission (PRC) ID
  • Have a clinic and residence landline or mobile number (for clinic-based doctors/dentists)
  • Must have a residence landline and mobile number (for consultants)
  • A Filipino citizen

Other Requirements

Need to open linked banked account? No
Other details Method of Payment - Unionbank branches, Bancnet channels, Chinatrust bank branches
 

Chinatrust Philippines Commercial Banking Corporation or CTBC Bank (Philippines) Corp. is hailed as one of the largest privately-owned banks in Taiwan. With 25 years of operations in the Philippines, it has positioned itself as one with the most extensive branch network in the country among foreign-owned banks. Using a niche-based strategy, CTBC Bank was able to distinguish its services through a high level of customer focus and innovative products with high efficiency that are customized to the specific needs of the client. This offers a unique and personal touch in terms of its services that are aimed at building a strong relationship with private account holders and businesses alike. For immediate funding needs, a client can avail the Chinatrust Salary Stretch Personal Loan where amounts ranging from ₱20,000 up to ₱1,000,000 can be borrowed. This amount is payable within 12 to 36 months, having a competitive effective interest rate starting from 29.48% for 12 months, up to 44.47% for 36 months with 1.39% monthly add-on rate. The entire loan application process will take around 3 to 5 banking days and you are eligible to apply if you have at least ₱15,000 gross monthly income for Metro Manila residents and ₱10,000 for provincial applicants with 23 to 60 years of age.

Advantages Of Applying With Chinatrust Salary Stretch Personal Loan

  • Flexible loan payment terms and loan amount.
  • Fast and convenient loan approval process.
  • Competitive interest rates.
  • Flexible payment starting as early as 12 months up to 36 months payment terms.

Go through the rest of the product details and eligibility requirements to find out if this products fits your needs. 

How to apply for a CTBC Bank Salary Stretch Loan Online

You can apply via their website or if you want help applying for this loan, you can apply conveniently through our online application form.

How much can I borrow?

With a Chinatrust Personal Loan, borrow as much as ₱1,000,000, subject to approval.

Where can I use a CTBC Bank Salary Stretch loan?

This loan is a multipurpose loan. Borrower can use the loan for whatever purpose it may serve them.

What to expect when getting your CTBC Bank Salary Stretch Personal Loan

Competitive rates, flexible payment terms, and convenient application process is what you can expect when you apply for CTBC Bank's Salary Stretch Personal Loan.

What are the Chinatrust Personal Loan Requirements?

An applicant must fulfill Chinatrust’s eligibility criteria for a loan:

  • Must be 23 to 60 years old upon loan maturity.
  • Must be a Filipino citizen
If employed:
    • With minimum gross monthly income of ₱15,000 for Bankers and ₱20,000 for Non-Bankers.
    • Must have at least six (6) months work tenure with current employer or a total of two (2) years working experience, including work on a regular / permanent status
    • With office and home landline and/or mobile number.
    If self-employed:
    • Business must be registered and in existence of operation for at least three (3) years for Trading and Services Industry or five (5) years for other industries.
    • With office and home landline and/or mobile number.
    • Must be a credit card holder.

    Consequently, after filling out an application form, the following documents are necessary:

    For Salaried Individuals (including those in Call Center industry)
    • Completely filled out application form
    • Company ID (with photo and signature)
    • Latest ITR / BIR Form 2316 (optional)
    • Latest one (1) month latest payslip
    • Proof of Billing under current address
    • One (1) valid government-issued ID (with photo and signature)
    • Latest COE ( Required for BPO/Call Center Industry & Selected Companies)

    *Additional documents may be required during credit evaluation.

    For Self-Employed Individuals
    • Completely filled out application form
    •  Two (2) government-issued IDs (with photo and signature)
    • Unexpired Certificate of Registration from the Department of Trade and Industry (DTI)
    • Any of the following Proof of Income:
      • Bank Certificate* of at least six (6) months ADB
      • Latest six (6) months bank statements
      • Audited Financial Statements (optional)
      • BIR Form 1701 / 1702 (optional)
    • Latest two (2) months credit card statements
    • Proof of Billing under current address

    *Bank Certificate must indicate the following information: (1) ADB for the last 6 months (reflects month 1 to 6 or ending month); (2) Account Name; (3) Account Number; (4) Average Daily Balance in Philippine Peso or other currencies; (5) Authorized signatory or issued by the Service Head of Branch Head with contact number; (6) Validity of the Bank Certificate is within sixty (60) calendar days.

    For Employed Doctors

    • Completely filled out application form
    • Company / hospital ID
    • Professional Regulation Commission (PRC) ID or Proof of Renewal
    • Latest one (1) month payslip
    • Credit Card / Bank Clearance or Certification (if applicable)
    • Proof of Billing under current address
    • One (1) valid government-issued ID (with photo and signature)
    For Self-Employed Doctors or Consultants
    • Completely filled out application form
    • Company / hospital ID
    • Professional Regulation Commission (PRC) ID or Proof of Renewal
    • Latest three (3) months bank statements
    • Credit Card / Bank Clearance or Certification (if applicable)
    • Proof of Billing under current address

    Notes:

    • 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.

    Is Chinatrust Salary Stretch Personal Loan the right one for me?

    Having a reliable and trustworthy financial services provider is of paramount importance not only for private individuals but most especially small to medium business owners, corporations, and other enterprises. These individuals and entities cannot afford to have disruptions on their daily operations due to mediocre services and customer support. One of the advantages of international banks is the level of performance that they are accustomed to, which is at par to their global counterparts. Availing a Chinatrust Salary Stretch Personal loan allows you to build a relationship with a reputable international brand, bringing along the technology and quality of service that will guarantee a smooth and hassle-free banking experience. If these are the aspects that you are looking forward to in terms of your financial transactions, then the Chinatrust Salary Stretch Personal Loan is the product for you.

    Getting your loan

    What to expect when getting your CTBC Bank Salary Stretch Personal Loan

    Your approved salary loan will be released via the CTBC Bank Visa Cash Card. You may also opt for other forms of loan disbursement:

    • Credit to your CTBC Bank account
    • Credit to your other bank account
    • Via Manager's Check
    • Via Over-the-Counter

    More Channels to Pay for your Salary Stretch Personal Loan

    Know how and where to pay your CTBC Bank Salary Stretch Loan:

    UnionBank Branches

    • Fill out the Bills Payment Form with your name, either your 12-digit loan account number, CTBC Bank Visa Cash Card Number or CASA Account Number, and the amount to be paid.
    • Present the Bills Payment Form and payment to the teller and wait for validation.
    • Keep a copy of your receipt for record purposes.

    Note: Payments coursed through UnionBank branches are posted on the same day.

    BancNet Channels

    via ATM

    • Insert your BancNet ATM card and enter your Personal Identification Number (PIN).
    • Select your Account Type (Savings or Checking).
    • Select 'Bills Payment', then choose 'Loans'.
    • From the selection menu, select 'CTBC Bank Salary Stretch' as the biller/institution.
    • Key-in your 16-digit CTBC Bank Visa Cash Card Number and the loan amount to be paid.
    • Keep a copy of the receipt for record purposes.

    via Online Banking (for CTBC Bank Visa Cash Card holders only)

    • Go to www.bancnetonline.com and select your bank of account.
    • Click 'I Agree' in the Terms and Conditions.
    • Select 'Payment'.
    • Using the drop down menu, select 'CTBC Bank Salary Stretch' as the biller/institution, then key-in your 16-digit CTBC Bank Visa Cash Card Number in the Account Number field.
    • Enter your BancNet ATM card number, select the Account Type where the payment will be deducted and key-in the loan amount to be paid.
    • Using your mouse, click on the PIN pad and enter your PIN. Then, click 'Submit'.
    • Once you verified that all details are correct, click 'Ok'.
    • Remember to keep your trace number for record purposes.

    ECPay-accredited Payment Merchants (e.g. 7-Eleven, Gaisano Grand Malls, LCC, METRO, Ever Supermarket, etc.)

    • Fill out the Bills Payment form* with your Name, Account Reference Number (either your Promissory Note Number, CTBC Bank Cash Card Number or CASA Number), and the amount to be paid.
    • Loan payment is on cash basis only.
    • Keep the copy of the receipt for record purposes.

    *In the absence of a Bills Payment form, the Cashier will ask you to provide your loan account details.

    Salary Stretch loan payments are also accepted in all CTBC Bank branches nationwide.

    Important Reminder:
    Settle your loan payment three (3) working days before your due date.

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