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CTBC Bank personal loans for december 2022 in the Philippines

CTBC Bank
Get a personal loan at CTBC Bank. On 03.12.2022 there are 2 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.

Offers: 2

Updated:
17.10.2022
12:11
Back-to-Back Loan
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from ₱100,000
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Salary Stretch Loan
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up to ₱1,000,000

CTBC Bank loans calculator in the Philippines

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Interest rates on loans in the Philippines 

According to the guidelines for Bangko Sentral ng Pilipinas Circular No. 1133, Series of 2021, on the ceiling/s of interest rates and other fees charged by lending companies, financing companies, and their online lending platforms, the maximum nominal interest rate for unsecured loans is 6% per month (0,2% per day), and the maximum effective interest rate is 15% per month (0,5% per day). The caps apply to unsecured loans of no more than ₱10000 and payable within four months

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Reviews

DIGIDO
4
Margarita D
Margarita D
17.10.2022 at 12:26
The advantages of this app was good, they are very responsive and quickly answered you if you are able to get a loan or not.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
CTBC Bank personal loans for december 2022

The CTBC Bank personal loan, known as the salary stretch loan, is an unsecured loan that assists customers in funding short-term or mid-term financial objectives or crises. This loan product is primarily available to salary and self-employed clients of the bank. The CTBC Bank salary stretch loan is multifunctional, which means you can utilize it in various ways. Your loan funds can be used for the following purposes:

  • Emergency expenses. If someone in your family is hospitalized, you can use the money from this loan to cover hospital bills, medications, and medical equipment.
  • Educational expenses. You can also utilize the loan profits to pay your children's tuition on time, avoiding the need to issue promissory notes. Similarly, you can use it to purchase notebooks, books, and even toys for your children.
  • A new device. If you want to get the latest smartphone but lack the necessary finances, the CTBC Bank salary stretch loan can assist you. It will also assist you in funding your new laptop for freelancing work!

The loan amount for this loan ranges from ₱10,000 to ₱1 million. The loan has an annual contractual rate/effective interest rate of between 29.33% to 37.54% depending on the term of the loan. It also has a monthly interest rate of between 1.39% to 1.79% across all loan terms. The loan terms range from 12 to 36 months. The loan processing time is between 3 to 5 days, and the processing fee is ₱2,000.

How to apply for a CTBC Bank personal loan?

If you have everything in order, applying for a salary stretch loan should take no more than five days. This can be accomplished by following the methods outlined below:

  1. Visit the CTBC Bank official website.
  2. Click on Loans and then Salary stretch loan.
  3. Check the right-hand side of the screen to download the loan application form. Print the form.
  4. Fill out the loan application form carefully and thoroughly.
  5. Gather all the needed documents with the loan application form and visit the nearest CTBC Bank branch to you.
  6. You will be attended to. Follow all the directives carefully to apply for the loan and get paid.

Requirements for the CTBC Bank personal loan

Below are the requirements to be eligible for a CTBC Bank personal loan:

Eligibility requirements

  • Applicants must be between the age of 23 and 65 (upon loan maturity).
  • Applicants must have a minimum gross monthly income of ₱15,000 for bankers and ₱20,000 for non-bankers.
  • Applicants must have worked with the current employer for at least six months, or a total of two years of working experience, including work on a regular/permanent basis.
  • Applicants must have an office landline.
  • Applicants must be Filipino citizens.

Documentary requirements

  • Filled online application form
  • Photocopy of work ID (with photo and signature)
  • Photocopy of latest ITR / BIR Form 2316
  • Photocopy of last month's payslip
  • Photocopy of proof of billing, which must be under the current address
  • Photocopy of one valid government-issued ID (must be with photo and signature)

Pros and cons of CTBC Bank personal loans

Before applying for the CTBC Bank salary personal loan, it is critical to consider the following pros and cons.

Pros

  • You can get a cash loan of up to ₱1m.
  • You can set up an automated debit arrangement to make loan payments easier.
  • You can get a loan term of up to three years.
  • There is a lot of information about the loan on the bank’s website.

Cons

  • The loan’s interest rates are high compared to competitors.
  • The loan application cannot be made online. At some stage, you must visit a branch.

How to repay a CTBC Bank salary stretch loan?

Repaying your CTBC Bank loan is simple because the bank provides several payment channels and options. Here are a few examples:

  • Bank branch. The bank’s branches themselves function as CTBC payment facilities. You can easily settle your monthly loan obligations there if there's one close to you.
  • BancNet channels. You can also pay your regular amortization using BancNet-accredited institutions as follows:

  1. Go to www.bancnetonline.com and select CTBC as your loan account's bank.
  2. In the Terms and Conditions section, select I Agree and then click on Payment.
  3. Select CTBC Bank Salary Stretch as the biller/institution from the menu bar. Then, enter your 16-digit CTBC Bank Visa cash card number in the Account Number section.
  4. Enter the number from your BancNet ATM card. Then, choose the account type from which the payment will be debited and enter the loan payment amount.
  5. Click on the PIN pad with your mouse and enter your PIN. Then click on the Submit button.
  6. Once you've confirmed that all of the information is right, click on OK.
  7. Remember to save your trace number for future reference.

FAQ

What determines the CTBC Bank salary stretch loan maximum loanable amount?

Numerous factors influence it, the most significant of which is your current paycheck amount for payroll account holders or your average daily balance for deposit account clients.

Where can I use the salary stretch loan?

This loan serves several purposes. Borrowers are free to utilize the loan for whichever purpose they see fit.

How much money can I borrow?

Subject to approval, you can borrow up to ₱1,000,000 with a CTBC personal loan.