Q:What is China Bank Savings’ Easi-Funds Personal Loan?
A:China Bank Savings’ Easi-Funds Personal Loan is a non-collateral loan facility offered to salaried or self-employed individuals in need of instant cash. This loan is versatile and multi-purpose.
Q:Why should I choose China Bank Savings’ Easi-Funds Personal Loan against other banks?
Flexibility of purpose and quick disbursal
Q:How much can I borrow?
A:The minimum that you may get is P20,000 up to a maximum P1,000,000.00, subject to the Bank’s approval.
Q:Is there an initial payment upon approval of loan?
A:There will be a one-time processing fee amounting to Php1,500.00 – to be deducted from loan proceeds.
Q:How do I pay for my monthly amortization?
A:You may pay your monthly amortization thru post-dated checks (PDCs).
Q:Will I be charged if I fail to pay my amortization on its due date?
A:Yes. 8% of the past due balance or Php500.00 whichever is higher shall be applied for every month the account is past due.
Q:Am I qualified to apply for China Bank Savings’ Easi-Funds Personal Loan?
A:You are qualified if you are/have:
-Employed / Self-employed individuals with business running for 3(three) years
-Employed with Gross annual income of at least Php360,000.00
-Aged 21 to 55 years at time of loan application
-Principal Credit Cardholder.
Q:What collateral will be asked from me to avail this facility?
A:There is NO collateral requirement.
Q:How do I apply?
A:Application is simple. Just fill-out the application form and submit the following:
-Photocopy of two (2) valid IDs
-Photocopy or print-out of latest month’s credit card Statement of Account
-Proof of Income for Employed (Photocopy of last 3 month’s pay slips/latest ITR)
-Latest 2 years ITR with matched AFS and 3 months bank statement (self-employed)
-DTI Registration (Self-employed)
-List of customers/suppliers with contact details (Self-employed).
Q:How do I get my Easi-Funds Personal Loan?
A:Your loan application may be approved in five (5) working days.
Q:How do I apply?
Q:Where do I apply for Easi-Funds Personal Loan?
A:You may apply at any branch of China Bank Savings nationwide.<