Interest rate (p.a.)
22.68% - 22.68% |
Loan Tenure
1 - 3 years |
Approval Duration
Within 5 to 7 banking days |
Min. monthly income
₱20,000 |
| Min. financing amount | ₱25,000.00 |
| Max.financing amount | Up to ₱2,000,000.00 |
| Min. loan tenure | 1 year |
| Max. loan tenure | 3 years |
| Interest rate | Fixed rate of 22.68% per annum, 1.89% per month add-on |
| Approval duration | Within 5 to 7 banking days |
| Debt consolidation | No |
| One time set up | |
|---|---|
| Processing fee | ₱1,900.00 |
| Stamp duty | ₱1.00 for every ₱200.00 of the approved loan amount or a fraction thereof for PNs greater than ₱250,000 |
| Disbursement & misc. fee | N/A |
| Other fees | Returned check fee is ₱1,000.00 and ₱200.00 for check replacement fee. |
| Penalties | |
|---|---|
| Early settlement | ₱500.00 or 8% of the outstanding principal whichever is higher |
| Late payment charges | ₱500.00 per month or 8% per month of the past due amount, whichever is higher |
| Age requirement | Age 21 - 65 |
| Employment eligibility | At least ₱20,000.00 monthly income |
| Min. salary requirement | ₱20,000 gross per month |
| Guarantor / Collateral requirement | No |
| Need to open linked banked account? | No |
| Other details | Method of Payment - Post-dated Checks |