Guide on How Much Is the Monthly Payment For Borrowing 500K Under the DBP Credit Salary Loan
DBP CREDIT SALARY LOAN – Here is a guide on how much will be your monthly payment under the credit salary loan offer of the Development Bank of the Philippines.
Are you worried that your budget will not make it to the next payday? You are not alone in the said situation. A lot of people nowadays have to look for ways to get some cash and make ends meet. Many household expenses are really increasing now.
Among the usual turn-tos of people who are falling short their budget are the loan offers. You may apply for them in banks, lending companies, and government agencies. They may come with different offers.
If you are working in the government or the public sector, you may apply for the offer of the Development Bank of the Philippines – the DBP Credit Salary Loan. The said offer features quick cash.
According to DBP, under the said cash loan offer, you may be approved and get the money in as fast as five (5) working days. You may apply for it to make ends meet, to pay for the utility bills, to travel, to pay for the hospital bills, to make a big purchase, etc.
If you want a convenience repayment of your loan, you can have it under salary deduction. This mode also helps prevent missing to pay the monthly amortization that may result to penalties. Your employer just have to make a tie-up agreement with the bank.
- Minimum Loanable Amount – Php 10,000.00
- Maximum Loanable Amount – Php 1,000,000.00
Do you want to know your possible monthly payment if you will borrow Php 500,000.00 under the DBP Credit Salary Loan? Here is a list of the indicative figures based on the loan term:
- 12-Month Term – Php 44,424.17
- 24-Month Term – Php 23,536.83
- 36-Month Term – Php 16,607.39
- 48-Month Term – Php 13,915.17
Do you want to apply for it? You may visit – DBP SALARY LOAN: How To Apply For Salary Loan To DBP.
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