Guide on How Much Will Be Your Monthly Due for 800K 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 800,000.00 under a loan to the Development Bank of the Philippines.
Undeniably, nowadays, money is very easy to spend. Once your Php 1,000.00 bill turns into smaller bills and coins after a purchase, the next thing that happens is you finding out you have spent all the money in your wallet.
In most cases, the monthly salary don’t fit the household expenses. The latter is always more than the former. This is why a lot of people turn to loan offers.
One of the banks that has the said offer is the Development Bank of the Philippines. You may apply for the DBP Salary Loan.
Although it is exclusive to the workers of the government, the said DBP loan offer got high loanable amounts. Here is a guide on how much you may borrow under the said loan offer:
- Minimum Loanable Amount – Php 10,000.00
- Maximum Loanable Amount – Php 1,000,000.00
Based on the official website of DBP, the money under its loan offer can be obtained in as fast as five (5) working days since the application. Also, it features a convenient mode of payment.
In repaying for the loan, you may have it through a salary deduction to avoid penalties for missed payments. In this case, there must be a tie-up between your employer and the bank.
You may get an idea of how much you will have to pay for monthly even before applying for the DBP Salary Loan. Here is a list of the monthly amortizations based on the loan term:
- 12-Month Term – Php 71,078.67
- 24-Month Term – Php 37,658.93
- 36-Month Term – Php 26,571.82
- 48-Month Term – Php 22,264.27
Do you want to apply for this loan to DBP? For a guide, 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.
Is seaman qualified here
I want to apply for pension loan my previous loan this May, 2020 will be paid up.
Do I have to wait this loan be paid up?
I really need money urgently.
Thank you.
Luz Belarmino