DBP Salary Loan – How Much Is the Monthly Due If You’ll Borrow 400K

Guide on How Much Is the Monthly Due for 400K Loan Under DBP Salary Loan

DBP SALARY LOAN – Here is a guide on how much will be your monthly due if you will borrow Php 400,000.00 under this loan offer.

One of the government banks in the Philippines is the Development Bank of the Philippines. More commonly called as DBP, it offers savings and deposit accounts, deposit products, and remittance services among others. It also has a loan offer.

With regards to the loan offer of the said bank, it is open for several purposes. You may apply for it to pay for the utility bills, to renovate your home, to cope with hospital expenses, to travel, to repair your car, etc.

However, not everyone may apply for the said DBP loan offer. Based on the official website of the government bank, it is only open for those who are working in government offices and in the public sector.

Meanwhile, for those who are eligible to apply for it, there is a wide range of loanable amounts under this offer. Here is a short list of the minimum and the maximum loanable amounts under it:

• Minimum Loanable Amount – Php 10,000.00
• Maximum Loanable Amount – Php 1,000,000.00

How about if you will borrow Php 400,000.00, how much will be your monthly due under the DBP Salary Loan?

According to the bank, the monthly amortization may not only be affected by the loan amount but as well as the loan term. You may pay for your loan in twelve (12), twenty-four (24), thirty-six (36), and forty-eight (48) months. With regards to a 400K loan, here are the possible monthly dues based on loan term:

• 12-Month Term – Php 35,539.33
• 24-Month Term – Php 18,829.47
• 36-Month Term – Php 13,285.91
• 48-Month Term – Php 11,132.13

Are you planning to apply for the said DBP loan offer? Here’s a guide – DBP SALARY LOAN: How To Apply For Salary Loan To DBP.

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