Guide on Chinabank Salary Loan Requirements for Application
CHINABANK SALARY LOAN REQUIREMENTS – Here are the documents required of employees of accredited companies who want to apply for the multi-purpose cash loan.
In the Philippines, one of the banks that offer accreditation to companies is Chinabank. It is one of the banks with multiple offers including different kinds of deposit accounts, loans, credit cards, investment products and services, and a lot more.
Aside from the China Bank Home Loan offer, the bank offers a Salary Loan for the employees of the accredited companies. It was crafted to help companies and business widen the options of their employees in achieving goals. You can check the Chinabank Salary Loan requirements below.
What are documents that employees must prepare to apply for the loan offer? Here are the Chinabank Salary Loan requirements for application:
- duly-accomplished ChinaBank SalaryPlus application form
- Latest 3 months payslips
- company ID and valid Government Issued ID
- Certificate of Employment
The employee can submit the requirements for application to the company HR for the processing of the loan application. The payments can also be done through salary deductions.
If you are a company owner and you wish to accredit your firm to Chinabank, there are also accreditation requirements that you need to meet and submit to the bank. The requirements are divided between accreditation and post-accreditation.
Here are the requirements for company accreditation to Chinabank:
- an existing China Bank corporate client coursing its payroll through China Bank
- with minimum of 50 regular employees
- operating for at least 5 years
- profitable for at least 3 years
- registered to the Securities and Exchange Commission (SEC)
With regards to the post-accreditation requirements, you need to submit the following to Chinabank:
- Memorandum of Agreement
- Secretary Certificate or Board Resolution nominating the Authorized Signatories of the Company
