Guide on the Monthly Amortization for 50K Loan Under DBP Salary Loan
DBP SALARY LOAN – Here is a guide on how much you must pay for monthly if you will borrow Php 50,000.00 under the salary loan offer of the Development Bank of the Philippines.
Running out of cash is a common scenario among many people nowadays. Truths be told that the monthly expenses are increasing thus it is hard to avoid falling short the budget. There are food expenses, transportation fees, utility bills, and a lot to pay for every month.
The good thing is that there are entities that are willing to help the Filipino individuals make ends meet. Among them are the banks like the Development Bank of the Philippines or more commonly known as DBP.
The said government bank offers a DBP Salary Loan for those who are working in the public sector or agencies. You can get the money in as fast as five (5) working days.
Under the said offer of the Development Bank of the Philippines, the employer of the applicant must have a tie-up arrangement with the bank. The repayment of the loan can be done through salary deductions.
Do you want to know how much you can borrow from the said loan offer? Based on the official website of the government bank, the following are the minimum and the maximum loanable amounts under their offer:
- Minimum Loanable Amount – Php 10,000.00
- Maximum Loanable Amount – Php 1,000,000.00
If you wish to borrow Php 50,000.00 under the DBP Salary Loan, you may get an idea of your possible monthly amortization. Here is a list of how much you must pay for monthly based on the loan term:
- 12-Month Term – Php 4,442.42
- 24-Month Term – Php 2,353.68
- 36-Month Term – Php 1,660.74
- 48-Month Term – Php 1,391.52
Do you want to apply for the said loan offer of DBP? You may visit – DBP SALARY LOAN: How To Apply For Salary Loan To DBP.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
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