Personal Loan
DAILY RATES
Signature Trust Fund
Value Equity Fund
Best Balanced Fund
**in Philippine Peso
PERSONAL LOAN

Achieve your life’s necessities, big or small with PBCOM Personal Loan cash solution.

  • Fast approval and disbursement
  • Personalized service
  • Competitive interest rates
  • Flexible payment terms and payment arrangements

ACCEPTABLE LOAN PURPOSE

  • Tuition Fee or School Expenses
  • Wedding or Other Special Events
  • Home Improvement
  • Car Repair
  • Appliance or Furniture Purchase
  • Business
  • Travel and/or Vacation Expenses

LOAN AMOUNT

  • Minimum of Php 40,000
  • Maximum of Php 1,000,000

LOAN TERM

  • 12, 18, 24, 36, or 48 months

INTEREST RATE*

  • Annual Interest Rate is from 26.90% to 35.90%.
  • Computation for the Monthly Installment Amortization

Desired Loan Amount X Factor Rate (based on Term selected) = Fixed Monthly Installment


Above computation will serve as a guide only. PBCOM, at its sole discretion, shall determine the final Personal Loan amount and term to be approved.


FEES AND CHARGES*

Processing Fee Php 2,000
Deducted from loan proceeds or paid over the counter
Documentary Stamp Tax Php 1 for every Php 200 of the loan amount or a fraction thereof
Late Payment Fee 3% of installment amount due or Php 500, whichever is higher
Returned Check Fee Php 1,000 per check
Closure Handling Fee Php 800
Manager’s Check Php 55

LOAN PAYMENT

  • Equal monthly installments covering principal and interest to be paid via Post Dated Checks or Automatic Debit Arrangement

ELIGIBILITY REQUIREMENTS

  • 21 to 65 years old (Applicant must not be more than 65 years old upon loan maturity)
  • Filipino citizens or local resident foreigners who live within PBCOM business center locations (Local resident foreigners should present Immigrant Certificate of Residency OR documents as required by Executive Order 226 OR Visa and work permit)
  • Must have an existing locally-issued credit card issued 12 months prior and with a minimum credit limit of Php 30,000
  • Income of applicant must be within the minimum income required by PBCOM as follows:

If Salaried:

  • Must have a minimum Gross Annual Income of Php 260,000;
  • Must be a permanent employee or if probationary, must be within the same line of work or industry for the last 2 years

If Self-Employed:

  • Must have a minimum Gross Annual Income of Php 300,000;
  • Business must be 3 years in existence or 1 year practicing professional

DOCUMENTARY REQUIREMENTS

 

For Salaried Individuals

  • Filled out and signed application form
  • Two (2) valid government-issued IDs with photo and signature
  • Latest two (2) months credit card statements
  • Front photocopy of credit card
  • Proof of Income
    • A copy of the latest Income Tax Return (ITR) of the borrower and his co-maker, if applicable; OR
    • Employer’s Certificate of Compensation Payment/Tax Withheld (BIR Form 2316); OR
    • Latest three (3) months pay slips upon loan application

Optional Income Requirement to facilitate FASTER processing:

 

Original Certificate of Employment with a Top 1,000 Corporation including position, date of employment, tenure and gross annual income

 

For Self-Employed Individuals

  • Filled out and signed application form
  • Two (2) valid government-issued IDs with photo and signature
  • Post Dated Checks
  • Latest two (2) months credit card statements
  • Front photocopy of credit card
  • Proof of Income:
    • A copy of the latest Income Tax Return (ITR) of the borrower and his co-maker, if applicable
    • Latest Audited Financial Statements
    • Photocopy of Certificate of Business Registration with SEC or DTI (if loan purpose is for business use)

 

 

 

 

 

 

 


 

 

*Interest rates, fees, and charges are subject to change without prior notice. All applications will be subject to the Bank’s credit policies and procedures.