Salary Loan

I. Borrower Qualification

  • At least 21 years old but not more than 60 years old
  • Private and Government Employee with permanent/regular appointment
  • Not due for retirement within the term of loan
  • Has been in office for at least (2) years
  • Has a gross monthly salary of at least P 10,000.00 and up

II. Requirements

Processing fee of P 1,000.00

  • Duly filled up application form
  • Certificate of employment with details of compensation (Original copy)
  • Latest 3 months pay slip & ITR
  • Photocopy of company ID
  • Photocopy of one (1) government issued ID (SSS, voter’s, driver’s license,passport)
  • Two (2) pcs. 2×2 latest I.D. picture
  • Residence certificate
  • Brgy Certificate
  • Co-maker’s salary not lower than P 8,000.00 each (Co-maker’s requirements are same as listed above)
  • Proof of billing address

III. Amount of Loan

  • Maximum of P 50,000.00 per borrower

IV. Term of loan

Minimum of one (1) month, maximum of two (2) years

V. Interest

  • 24% p.a. annuity method

VI. Conditions (Co-maker & PDC requirements)

  • P 15,000 and below 2 Co-makers
  • Above P 15,000.00 up to P 50,000.00 2 Co-makers with PDC