Are you interested in applying for a Corporate Salary Loan? Check out our list of requirements below:
Eligibility & Requirements
For employees of accredited companies:
- Filipino / Foreigners/Expats provided term of loan will be co-terminus with contract and/or period of visa’s validity.
- At least 21 years old and must not be more than 65 years old upon loan maturity.
- Regular and permanent with current employer accredited by the Bank; with at least 6 months tenure and with total employment tenure of at least 1 year with a maximum of 2 employers.
- Must have an office landline and mobile number
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Minimum Gross Monthly Income, excluding overtime and bonuses:
- P9,000 for Metro Manila
- P8,000 for non-Metro Manila
Note: All employee-applicants shall be processed based on their individual qualifications and capacity, subject to the Bank’s credit policies and procedures.
Required Document
FOR INDIVIDUAL APPLICATION (Employee): SBC Forms
- Completely filled-out and signed Application Form (Borrower and Authorized Signatory of the Accredited Corporate Employer should sign-off on the AF)
- Duly signed 4 copies of Promissory Note (to sign only at the back portion Borrowers: Signature above printed name); and
- 4 copies of Disclosure Statement (to sign only on Signature of Borrower over Printed Name)
Standard Requirements
- Photocopy of company ID (front and back) with 3 specimen signature
- Photocopy of 1 Government issued ID
- Photocopy of latest BIR Form 2316 indicating the correct TIN# of the employee and with complete signature on item #s 56-59 or Most recent 1-month payslip or COE
- Photocopy of 1 month latest payslip OR filled-up COE portion in the application form
- Other documents that may be further required by Credit
Note: All applications with incomplete requirements will not be processed.