Basic Personal Loan Requirements
Basic Business Loan Requirements
A Word About ATM Card Payment
A personal loan is a loan used
for any good personal purpose, but NOT a business purpose.
EXAMPLES OF PERSONAL LOANS INCLUDE THE FOLLOWING:
Salary Loans are intended only for employed persons who are
regularized employees and have ATM cards. Requirements include the
last three (3) pay slips of borrower and Surety.
Pension Loans can be made to any individual receiving monthly
retirement income, including former employees of any Philippine
local or national government agency. Requirements include ATM card.
Consolidation loans may be made to borrowers who pay off
(consolidate) other bills if the result is a smaller overall monthly
payment. Consolidation borrowers must agree to not incur additional
debt during the term of their loan except for emergency situations.
Regular loan requirements apply.
So-called because this loan can generally be used for almost any
personal purpose including purchases of appliances, vehicles,
quality furniture, unexpected expenses such as funeral, school
tuition, home repairs and improvements, etc. Standard loan
Borrowers can receive cash and use it for any reason by mortgaging
house and lot or a lot alone. The longer you and your ancestors
before you have owned the property the better. Regular loan
requirements apply plus property appraisal.