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
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 P500,000.00, 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: 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.