Guide on How Much You Must Pay For Monthly for P1-Million Under DBP Credit Salary Loan
DBP CREDIT SALARY LOAN – Here is a guide on how much you must pay for monthly if you will borrow Php 1-million under the said Development Bank of the Philippines (DBP) loan offer.
Nowadays, if you ran out of money to cope for the monthly expenses or you cannot pursue something due to a lack of fund, you have a lot of options. There are government agencies, banks, and lending companies that are willing to assist you.
The aforementioned entities got loan offers that can help you on your financial needs – whether it is for the purchase of a car, a house, or any good purpose you want the money to serve best. One of the banks with a multi-purpose offer is the Development Bank of the Philippines.
More commonly called as DBP, it is government bank offering the DBP Credit Salary Loan. It is a quick cash loan offer for the employees of the government.
Based on the official website of the Development Bank of the Philippines, under its multi-purpose loan offer, you can get the cash in as fast as five (5) working days. Also, there are high loanable amounts. Here is a guide on how much you can borrow under this offer:
- Minimum Loanable Amount – Php 10,000.00
- Maximum Loanable Amount – Php 1,000,000.00
Do you want to know how much you will pay for monthly if you will borrow Php 1-million under the DBP Credit Salary Loan? Here is a list of the monthly amortizations based on the different loan terms available:
- 12-Month Loan Term – Php 88,848.33
- 24-Month Loan Term – Php 47,073.67
- 36-Month Loan Term – Php 33,214.78
- 48-Month Loan Term – Php 27,830.33
According to DBP, the payment for the loan can be done through salary deductions for the convenience of the payers. There must be a tie-up deal between the bank and the employer in the said case. The loan amount is subject to the approval of the bank.
Are you planning to apply for the said loan offer? Feel free to 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.
READ ALSO: DBP DEPOSIT ACCOUNTS: List of Required Initial Deposit & Balance To Earn Interest