DBP Cash Loan – Guide on Monthly Amortization If You’ll Borrow 200K

Guide on DBP Cash Loan Offer Monthly Due based on Loan Amount

DBP CASH LOAN – You can check the guide below for the monthly amortizations if you will borrow P200,000 from the Development Bank of the Philippines.

One of the government banks in the country is the Development Bank of the Philippines, more popularly called the DBP. Its services which range from checking and savings accounts, credit lines, and loans are for the government employees or the individuals working in the public sector.

One of the offers of the Development Bank of the Philippines is the DBP EC Credit Loan. It is also usually referred to as the cash loan or the salary loan. It aims to help government employees and the individuals working in the public sector address their short-term financial needs.

Under the DBP EC Credit Loan, the least amount that you may borrow is Php 10,000. You can borrow up to P1 million and the repayment of the amount borrowed is through salary deduction.

Under this DBP cash loan offer, you have the liberty to choose the loan term that will not be burdersome for you. You can repay the amount you borrowed in 12, 24, 36, or 48 months. If you wish to know the monthly amortizations under the P200,000 loan, here is a guide you can refer to:

Loan Term | Monthly Amortization

12 months | Php 17,769.67

24 months | Php 9,414.73

36 months | Php 6,642.96

48 months | Php 5,566.07

How to Apply for DBP EC Credit Loan:

Step 1 – Begin your loan application by talking with a communicating officer of the Development Bank of the Philippines. An account officer will evaluate your needs.

Step 2 – Provide the necessary information requested in the DBP Loan Application Form. Make sure to submit or provide all the required documents.

Step 3 – The bank will evaluate and process your loan application. Wait for an update from the bank regarding the status of your loan application.

Step 4 – Once approved, go to the nearest branch of DBP or where you applied for a loan to open an account.. All of your transactions will be exclusively done through your DBP account.