About bank
The Internationale Nederlanden Growl, or the ING, is a global bank that is headquartered in Amsterdam. The bank was established in the year 1990, and today it operates in more than 40 countries across Europe, Asia, and America. ING is known for the essential services it offers in direct banking.
ING is a commercial bank, launched in the year 1990. The main features of this bank include mortgage, savings, investment, personal loans, and business financing. It is one of the oldest commercial banks in the Philippines. The bank offers different types of loans to Filipinos, quick loan approvals, and flexible loan terms.
Pros and cons
Before submitting your loan application, it is important to know all the pros and cons of the bank:
Pros
The bank offers quick responses to applicants.
The bank offers flexible loan terms.
No processing fee is required, which means the borrower gets the amount they applied for in full.
Cons
The interest rate is higher in comparison.
The bank offers limited lending services.
Loan conditions
A Filipino resident can apply for the ING personal loan if they are aged between 21-65 and have an active ING account. The borrower must submit their salary or payslip, and they are also asked to provide their tax identification number and BIR 2316.
Types of loans
Life is full of unexpected events, and to handle these events, money is important. If you are in a similar situation, the ING bank features the ING loan that is offered at a meager interest rate. They don’t charge any additional fees like early repayment fees, etc.
The loan amount ranges from ₱30,000 to ₱250,000, and the interest rates start from 1.83% per month. The loan comes with flexible payment terms of 12 to 60 months.