Guide on Whether or Not Collateral Is Required in Applying for China Bank Personal Loan
CHINA BANK PERSONAL LOAN – Here is a guide on whether or not a collateral is required in applying for this loan offer.
The bank classifications are not only limited to private banks, government banks, rural banks, and commercial banks. There are is also the subsidiary banks or the sister banks of giant banking institutions.
In the Philippines, one of the subsidiary bank is the China Bank Savings. It is a retail arm of the China Bank Corporation.
The China Bank Savings got a lot of offers. Among them are the different kinds of consumer loans.
One of the consumer loans is the China Bank Personal Loan. It is a multi-purpose loan offer that can provide you with cash to make ends meet, to travel, to make a big purchase, to fund a project, etc.
One of the excellent features of this China Bank Personal Loan is that it does not require a collateral in applying. You do not need to present any property to be able to borrow an amount of cash.
Requirements:
- Duly-accomplished loan application form
- For employed applicants…
- photocopy of company ID
- photocopy of one (1) government-issued ID with specimen signature
- photocopy of the latest three (3) months payslip / latest ITR with one-month payslip
- For self-employed applicants…
- photocopy of the latest two (2) years ITR
- AFS
- latest three (3) months bank statements
- photocopy of two (2) government-issued IDs with specimen signature
- list of suppliers and customers with contact detail;s
- Credit Card Statement of Account (photocopy)
You might like to know how much you can borrow under this China Bank Savings loan offer. Feel free to visit – China Bank Savings Loan – How Much You May Borrow.
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READ ALSO: China Bank Savings Loans – Full List of Loans Offered by China Bank Savings
For house renovation