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Sterling Bank of Asia Personal Loans

Sterling Bank
Access Sterling Bank of Asia Personal Loans via a straightforward online process. Ideal for immediate needs, offering rapid approval and flexible terms to fit your situation. Apply online now and receive quick assistance without delays.
Offers: 3
Sterling Bank of Asia
Layag Seafarer's Loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
₱20,000 - ₱500,000

Loan term for the financial product

3 - 11 months
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Get the money you need online

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Sterling Bank of Asia
Avance Salary Loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
₱10,000 - ₱500,000

Loan term for the financial product

6 - 36 months
Sterling Bank of Asia
Persona Personal Loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
₱30,000 - ₱1,000,000

Effective interest rate on the product

17.40% per year

Loan term for the financial product

3 - 36 months
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Your ideal cash loan with a free credit check in the Philippines is just a few clicks away.

Calculate the loan at Sterling Bank of Asia
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10000 ₱
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Effective Interest Rate


16.80 %
18.00 %
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No comment yet coz im not yet approved in my application
very fast
Please address my concerns regarding my loan application and its processing...
Warning: This lender is predatory and extremely dangerous. Do not use this app for loans as they will trap you with impossible and maliciously high interest rates...
I was charged an excessive amount by KVIKU. My last loan was approved on November 25th, 2022 for 5000 pesos...
High Interest Rate. They approved my auto loan without discussing repayment options in full. Instead, they sent me a contract with scheduled payments, which is nowhere near the advertised 0...
Sterling Bank of Asia Personal Loans

What are Sterling Bank Loans?

Sterling Bank of Asia offers a diverse range of loan products designed to address the varied financial needs of its clients in the Philippines. These loan offerings encompass personal loans, home loans, auto loans, salary loans, and other specialized financing solutions. Personal loans from Sterling Bank provide individuals with access to quick and convenient financing for various purposes, such as home improvements, debt consolidation, travel expenses, or emergency funds. With flexible loan amounts ranging from as low as ₱20,000 up to ₱2 million, borrowers can tailor their loan to suit their specific requirements.

For those aspiring to own a home, Sterling Bank's home loans provide a pathway to homeownership with financing options for purchasing residential properties, condominium units, or undertaking property renovations. Whether purchasing a starter home or investing in a dream property, Sterling Bank's home loans offer flexibility and support to individuals and families navigating the real estate market in the Philippines.

Key Features

  1. Flexible Financing Amounts. Sterling Bank offers a wide range of loan amounts, catering to diverse financial needs. Borrowers can access financing from as low as ₱20,000 up to substantial amounts, depending on the loan type and eligibility criteria.

  2. Varied Loan Tenures. Borrowers can select loan tenures that suit their financial preferences and capabilities. Sterling Bank provides flexible repayment terms, allowing borrowers to choose from short-term loans spanning a few months to long-term loans extending up to several years.

  3. Competitive Interest Rates. Sterling Bank offers competitive interest rates on its loan products, ensuring affordability for borrowers. Whether it's a personal loan, home loan, auto loan, or salary loan, borrowers can benefit from favorable interest rates to minimize borrowing costs.

  4. No Collateral Requirement (for certain loans). Some of Sterling Bank's loan offerings, such as personal loans, may not require collateral or guarantors, simplifying the application process and reducing the burden on borrowers.

  5. Transparent Terms and Conditions. Sterling Bank ensures transparency in its loan agreements, providing clear terms and conditions upfront. Borrowers are informed of all applicable fees, charges, and repayment obligations, enabling them to make informed financial decisions.

  6. Convenient Repayment Options. Sterling Bank offers various repayment methods to accommodate borrowers' preferences, including post-dated checks, auto-debit arrangements, and online banking facilities. This flexibility allows borrowers to manage their loan repayments conveniently.

Pros and Cons


Competitive Interest Rates. The bank provides competitive interest rates on its loan products, ensuring affordability for borrowers and helping them save on borrowing costs.

Quick Approval Process. Sterling Bank prioritizes efficiency in its loan approval process, with some loans offering approval in as fast as a few minutes, enabling borrowers to access funds promptly.

Convenient Repayment Options. Borrowers have access to various repayment methods, including post-dated checks, auto-debit arrangements, and online banking facilities, allowing for hassle-free loan management.


Credit Score Requirements. While Sterling Bank aims to accommodate diverse financial situations, borrowers with poor credit scores may face challenges in obtaining loan approval or may be offered less favorable terms.

Limited Availability of Loan Products. Some specialized loan products may have limited availability or eligibility criteria, restricting options for borrowers with specific financing needs.

Dependency on Banking Infrastructure. Access to funds and loan management relies on Sterling Bank's banking infrastructure, which may be subject to occasional disruptions or downtime, impacting borrower convenience.


With a network of 47 branches strategically positioned nationwide, the bank has solidified its reputation as a trusted financial institution. This reliability is further underscored by the credentials and expertise of its leadership team, comprised of seasoned professionals in the banking industry. Guided by a core group of successful businessmen and entrepreneurs, Sterling Bank of Asia's management team combines extensive experience with a forward-thinking approach, ensuring sound financial stewardship and strategic decision-making. Clients can trust in Sterling Bank of Asia's track record of service excellence, reinforced by its numerous awards and accolades, including recognition from esteemed award-giving bodies like the Philippine Quill Merit Award and the Bangko Sentral ng Pilipinas (BSP).

How to Apply for a Sterling Bank Loan?

Apply for a loan

  1. Research Loan Options. Start by exploring the various loan products offered by Sterling Bank of Asia, such as personal loans, home loans, auto loans, and salary loans. Determine which loan best suits your needs and financial situation.

  2. Check Eligibility. Review the eligibility criteria for the specific loan product you're interested in. Criteria may include minimum income requirements, employment tenure, and other factors.

  3. Gather Required Documents. Prepare the necessary documents for loan application, which typically include proof of identification, proof of income (such as payslips or audited financial statements for self-employed individuals), proof of residence, and any additional documents specific to the loan product, such as a copy of latest Income Tax Return (ITR) and Audited Financial Statement (AFS).

  4. Visit a Branch or Apply Online. Choose your preferred application method. You can visit any of the 47 Sterling Bank branches nationwide to apply in person, or you can take advantage of the convenience of online application and download online bank app.

  5. Submit Application. Complete the loan application form accurately and submit it along with the required documents. If applying online, follow the instructions for document submission through the online platform.

  6. Wait for Approval. Once your application is submitted, wait for Sterling Bank of Asia to process and review your application. The bank will assess your eligibility and creditworthiness based on the information provided.

  7. Receive Approval Decision. Upon completion of the review process, Sterling Bank will notify you of the approval decision. If approved, you will receive details regarding the loan amount, terms, and repayment schedule.

  8. Sign Loan Agreement. If your loan application is approved, you will be required to sign a loan agreement outlining the terms and conditions of the loan, including interest rates, repayment schedule, and any other relevant terms.

  9. Disbursement of Funds. Once the loan agreement is signed, Sterling Bank of Asia will disburse the approved loan amount to your designated account or provide the necessary funds according to the agreed-upon terms.

Conditions and Requirements


  1. Competitive Interest Rates. Sterling Bank offers competitive interest rates on its loan products, ensuring affordability for borrowers.

  2. Flexible Loan Amounts. Depending on the borrower's financial profile and the type of loan, Sterling Bank provides financing amounts ranging from a minimum to a maximum limit to meet various financial needs.

  3. Variable Loan Terms. Borrowers can select loan terms ranging from short to long durations, allowing for flexibility in repayment and accommodating different financial situations.

  4. Flexible Payment Terms. Sterling Bank offers various repayment methods, including post-dated checks, auto-debit arrangements, and online banking facilities, to suit the preferences of borrowers.

  5. No Prepayment Penalties. Borrowers have the option to make early loan repayments without incurring penalties, enabling them to save on interest costs and pay off the loan ahead of schedule.

  6. Transparent Fees and Charges. Sterling Bank ensures transparency in its fee structure, disclosing all applicable fees and charges upfront to borrowers, and allowing for informed financial decisions.


  1. Proof of Identification. Borrowers are typically required to provide valid government-issued identification, such as a passport, driver's license, or national ID, to establish their identity. Sterling Bank also may ask you for your contact details.

  2. Proof of Income. Lenders, including Sterling Bank of Asia, often require proof of income to assess the borrower's repayment capacity. Salaried individuals may need to submit recent payslips, while self-employed individuals might be asked for audited financial statements.

  3. Proof of Residence. Borrowers need to provide documents confirming their residential address, such as utility bills or a government-issued ID with the current address.

  4. Employment Certificate. Salaried individuals may be required to submit an employment certificate from their present employer, stating their position, tenure, and monthly salary.

  5. Business Registration (for Self-Employed). Self-employed individuals might need to provide their business registration documents, such as the SEC registration for corporations or DTI registration for sole proprietors.

  6. Trade References. Sterling Bank may request trade references to gauge the borrower's creditworthiness. This could include information from other creditors or suppliers with whom the borrower has financial transactions.

  7. Latest BIR Form 2316. Salaried individuals need to submit their latest BIR Form 2316, which outlines their income tax deductions.

  8. Minimum Age. Borrowers must meet the minimum age requirement set by the bank, usually 21 years old at the time of application, and not exceeding 60 years old upon loan maturity.

  9. Minimum Gross Salary. Certain loans may have a minimum gross salary requirement, ensuring that borrowers have a stable income to meet their repayment obligations.

Best Places to Get a Loan Today


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  • Automated application process.
  • Loans for various purposes, including emergency and OFW loans.
  • No collateral required.
  • Online loan calculator.
  • Transparent interest rates, with a commitment to fair lending practices.
  • Loan accessibility for unbanked individuals.
  • Secured operations, fully licensed and registered under the SEC.



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MoneyCat is an online payday loan provider in the Philippines, offering efficient financial solutions with an easy-to-navigate online registration form. Their features include:

  • Swift approval process, usually within 24 hours.
  • Flexible loan amounts ranging from PHP 500 to PHP 20,000.
  • Convenient application methods via website or mobile app.
  • First loan free of charge for new users.
  • Licensed by the SEC, ensuring reliability and legitimacy.



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Finbro is an online lending platform providing quick loans with durations of up to 12 months and amounts ranging from ₱1,000 to ₱50,000. Their service includes:

  • Online application process that can be completed in 15 minutes.
  • Transparent conditions with no extra costs.
  • 24/7 service availability.
  • Data protection for users.
  • Higher interest rates for repeat loans.
  • No mobile app for accessibility.



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Kviku is an online lending institution known for providing short-term loans with a fully automated online service. Their main features are:

    • Simple and user-friendly loan procedures.
    • 24-hour approval process.
    • No hidden fees or charges.
    • 100% online lending experience.
    • Competitive interest rates at 0.16% daily.
    • Flexible repayment terms up to 180 days.
    • Registered and authorized by the SEC, ensuring reliability.


Ways to Receive the Money

  1. Direct Deposit to Bank Account. The most common method is to have the loan amount directly deposited into the borrower's Sterling Bank of Asia account. This allows for quick access to funds and eliminates the need for physical checks or cash transactions.

  2. Electronic Funds Transfer (EFT). Sterling Bank of Asia may also offer electronic funds transfer options, allowing borrowers to receive the loan amount directly into their designated bank account with another financial institution. This method offers convenience and expediency, particularly for borrowers who prefer to manage their finances across multiple accounts.

  3. Cash Pickup. In certain cases, borrowers may have the option to receive the loan disbursement in cash. This method is suitable for individuals who require immediate access to funds and prefer the flexibility of cash transactions.


  1. Discovery Home Loan (from 300,000 up to 25 million or 80% to 90% of the Total Contract Price (TCP)). The Discovery Home Loan is designed to help individuals realize their dream of homeownership. Whether purchasing a house and lot, townhouse, condo unit or renovating an existing property, borrowers can access financing with easy term payments and low monthly amortization.

  2. Ultima Auto Loan (from 100,000 and up). The Ultima Auto Loan provides financing solutions for purchasing new or second-hand vehicles. With competitive interest rates, and flexible loan terms ranging from 12 to 60 months for brand-new vehicles and 12 to 48 months for second-hand vehicles, borrowers can acquire their dream car with ease.

  3. Persona Personal Loan (from 30,000 up to 1 million). The Persona Personal Loan offers flexible financing options for various purposes, including emergency needs, travel, business ventures, and more. With low interest rates and loan terms ranging from 3 to 36 months, borrowers can access quick funds without the need for collateral.

  4. Avance Salary Loan (from 10,000 up to 500,000). The Avance Salary Loan provides financial assistance to regular employees, enabling them to advance their salary to meet urgent financial needs. With minimal eligibility requirements, including a 1-year tenure in a Sterling Bank of Asia accredited company and a minimum monthly salary, borrowers can access quick funds through convenient salary deductions.

Reasons for Getting Rejected for a Sterling Bank Loan

  1. Insufficient Income. If the borrower's income does not meet the minimum requirements set by the bank for the desired loan amount, the application may be rejected. Lenders need assurance that borrowers have the financial capacity to repay the loan.

  2. Poor Credit History. A history of missed payments, defaults, or outstanding debts reflected in the borrower's credit report may lead to loan rejection. Borrowers also should have no adverse credit findings. Lenders assess creditworthiness based on credit scores, and a low score indicates higher risk of default.

  3. Incomplete Documentation. Failure to submit all required documents or providing incomplete information during the application process can lead to rejection. Lenders rely on accurate information to assess the borrower's eligibility and creditworthiness.

  4. Unstable Employment History. Borrowers with a history of frequent job changes or unemployment may be perceived as higher risk by lenders. A stable employment history demonstrates financial stability and the ability to repay the loan.

  5. Inadequate Collateral. For secured loans, such as home or auto loans, the value and condition of the collateral offered by the borrower play a significant role in the approval decision. If the collateral is deemed insufficient or lacks market value, the application may be rejected.

  6. Poor Loan Purpose. Lenders assess the purpose of the loan to ensure it aligns with their lending criteria. If the intended use of the loan funds is deemed risky or speculative, the application may be rejected.

How to Repay a Sterling Bank Loan?

  1. Review Loan Agreement. Familiarize yourself with the terms and conditions outlined in your loan agreement, including the repayment schedule, interest rate, and payment options.

  2. Choose Payment Method. Sterling Bank offers various payment methods to accommodate different preferences.

  3. Post-Dated Checks. Arrange to issue post-dated checks corresponding to the scheduled loan payments. Ensure that the checks are accurately filled out and submitted to the bank in advance.

  4. Automatic Debit Arrangement. Set up an automatic debit arrangement, allowing the bank to deduct the loan payments directly from your designated bank account on the scheduled due dates. This option provides convenience and ensures timely payments without the need for manual intervention.

  5. Monitor Account Activity. Regularly monitor your bank account activity to confirm that loan payments are processed correctly. Report any discrepancies or issues to Sterling Bank's customer service for prompt resolution.

  6. Consider Early Repayment. If financially feasible, consider making early or additional loan payments to reduce the overall interest expense and shorten the loan term. Sterling Bank typically allows borrowers to make prepayments without incurring penalties, enabling them to save on interest costs.

  7. Communicate with the Bank. In case of financial difficulties or unforeseen circumstances that may affect your ability to repay the loan, communicate with Sterling Bank's customer service promptly. The bank may offer alternative repayment arrangements or assistance programs to help borrowers manage their debt responsibly.


Union Bank offers personal loans with a maximum amount of up to ₱2 million, obtainable without requiring collateral or a guarantor, and approval can be granted in as fast as 5 minutes. The loan comes with a fixed interest rate of 26.90% per annum, with flexible repayment tenures ranging from 1 to 5 years. For example, a ₱200,000 loan for 1 year would result in a monthly repayment of ₱21,150, totaling ₱253,800 repayable over the loan term.

Metrobank provides multi-purpose personal loans of up to ₱2 million, suitable for various financial needs. The bank offers a fixed interest rate of 21.00% per annum, with loan processing completed in as fast as 7 business days. Borrowers can select repayment tenures from 1 to 3 years. For instance, a ₱200,000 loan for 1 year would incur a monthly repayment of ₱20,167, totaling ₱242,000 repayable over the loan term.

BPI offers personal loans with approved amounts of up to ₱1 million, featuring a fixed interest rate of 14.40% per annum. Loan approval typically takes place within 8-13 banking days. Borrowers can opt for repayment tenures ranging from 1 to 3 years. For example, a ₱200,000 loan for 1 year would result in a monthly repayment of ₱19,067, totaling ₱228,800 repayable over the loan term.

CIMB Bank provides personal loans with loan approval in as fast as 10 minutes, offering financing amounts ranging from ₱30,000 to ₱1 million. The loan features a fixed interest rate of 13.47% per annum, with repayment tenures available from 1 to 5 years. For instance, a ₱200,000 loan for 1 year would have a monthly repayment of ₱18,912, totaling ₱226,940 repayable over the loan term.

Editorial Opinion

In assessing Sterling Bank loans, it's evident that the institution offers a diverse array of financial products tailored to meet the varied needs of its clientele. With competitive interest rates, flexible repayment terms, and quick approval processes, Sterling Bank provides accessible financing options to individuals and businesses alike. While the bank prioritizes efficiency and transparency in its loan offerings, potential borrowers should remain diligent in understanding the terms and conditions, as well as assessing their financial capabilities to ensure responsible borrowing.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender in the Philippines

  1. Ensure that the lender is registered with the Securities and Exchange Commission (SEC) of the Philippines.

  2. Investigate if the lender is a member of recognized industry associations in the Philippines, such as the Chamber of Thrift Banks or the Philippines Finance Association.

  3. Carefully examine all terms and conditions of your loan contract. This includes understanding the repayment schedule, fees, and any penalties for late or missed payments.

  4. Payday loans can have high-interest rates. Make sure the contract clearly outlines the interest rate and total cost of the loan, including any processing fees or additional charges.

  5. Familiarize yourself with your rights regarding cancellation. In the Philippines, consumers may have the right to rescind the loan within a specific period after signing the agreement.

  6. Research the lender's reputation through customer reviews, complaints, and feedback available online.


In Finanso, we've carried out a comprehensive analysis of over 50 lenders in the Philippines, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.


Who owns Sterling Bank?

Sterling Bank of Asia is owned by Sterling Global Holdings, Inc., a prominent Filipino-owned conglomerate with diversified interests in various industries, including banking and finance. The bank was established under the leadership of a core group of successful businessmen and entrepreneurs, who envisioned creating a financial institution that could provide accessible banking services to both commercial and retail market segments in the Philippines. Through the stewardship of Sterling Global Holdings, Inc., Sterling Bank of Asia has grown to become a trusted name in the Philippine banking sector, known for its commitment to service excellence and financial innovation.

What credit score do you need for Sterling Bank?

Sterling Bank of Asia, like most banks, evaluates loan applicants based on their creditworthiness, which includes factors such as credit history, income stability, debt-to-income ratio, and employment status. While specific credit score requirements may vary depending on the type of loan and other individual factors, generally, a good to excellent credit score is preferred by lenders for favorable loan terms and higher approval chances.

What bank does Sterling Bank use?

Sterling Bank of Asia operates independently as a savings bank in the Philippines, offering a range of financial products and services to its clients. While the bank may collaborate with other financial institutions or utilize third-party services for certain banking operations, it primarily functions under its own banking infrastructure and regulatory framework. Sterling Bank of Asia is regulated by the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, and operates as a separate entity within the country's banking sector, serving its clients with integrity and professionalism.

Does Sterling Bank approve everyone?

While Sterling Bank of Asia aims to provide accessible financial solutions, it does not guarantee approval for all loan applicants. Like any reputable financial institution, Sterling Bank evaluates loan applications based on various factors, including the borrower's creditworthiness, income stability, debt-to-income ratio, employment status, and other eligibility criteria. While the bank strives to accommodate diverse financial situations, approval ultimately depends on the individual's financial profile and adherence to the bank's lending standards.

Is Sterling Bank a legitimate company?

Sterling Bank of Asia is a legitimate and regulated financial institution operating in the Philippines. Established in March 2007, the bank is registered with the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, and adheres to the regulatory requirements and guidelines set forth by the BSP. Sterling Bank is owned by Sterling Global Holdings, Inc., a reputable Filipino-owned conglomerate, and operates under the leadership of experienced professionals in the banking industry.