PERSONAL LOANS

 

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?

 

A: Minimal documentation
   No security
   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:
     •   Filipino Citizen
     •   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: You may get your Easi-Funds Personal Loan via Manager’s Check to your other bank account (subject to three (3) days clearing time) or it may be credited to your Bank China Bank Savings’ account..
 
Q: How long will it take for my application to be approved?

 

A: Your loan application may be approved in five (5) working days.

      

Q: Where do I apply for Easi-Funds Personal Loan?

 

A: You may get your Easi-Funds Personal Loan via Manager’s Check to your other bank account (subject to three (3) days clearing time) or it may be credited to your Bank China Bank Savings’ account.