Guide on How Much Is the Monthly Payment Under CTBC Bank Salary Loan for Borrowing 50K
CTBC BANK SALARY LOAN – Here is a guide on how much will be your monthly payment for a 50K loan under the said CTBC Bank loan offer.
One of the banks in the Philippines with excellent services and offers to the public is the Chinatrust Philippines Commercial Banking Corporation or more commonly called as CTBC Bank. The said bank is a subsidiary of Chinatrust Commercial Bank Corp. of Taiwan.
CTBC Bank got deposit account offers, investment products, cash management services, and as well as loans. It got both personal and business loans.
Under its personal loan is the CTBC Bank Salary Loan. It is open for anyone who has the following qualifications:
- age between 23 to 60 years old
- a Filipino citizen
- earns at least Php 15,000.00 if based in Metro Manila or Php 10,000.00 if based outside Metro Manila
- employed with a permanent status for at least a year or running a registered business for at least three (3) years for Trading and Services Industry or five (5) years for other industries
- having contact numbers (landline and mobile)
How much can you borrow under the CTBC Bank Salary Loan? According to the bank, the minimum loanable amount is Php 20,000.00 and you can borrow as much as Php 1,000,000.00. How about if you will borrow Php 50,000.00, how much will be your monthly payment?
The payment will depend on the loan amount, the prevailing interest rate, and as well as the loan term. For a 50K loan, here are the ranges of the monthly amortizations per loan term:
- 12-Month Term : Php 4,861.67 – Php 5,061.67
- 18-Month Term : Php 3,472.78 – Php 3,672.78
- 24-Month Term : Php 2,778.33 – Php 2,978.33
- 36-Month Term : Php 2,083.89 – Php 2,283.89
Do you want to apply for the said loan offer? You may visit – CTBC BANK LOAN – How To Apply For Salary Loan To CTBC Bank.
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