Guide on DBP EC Credit Loan Application Qualification(s)
DBP EC CREDIT LOAN – Here is a guide on the qualification set by the Development Bank of the Philippines under this loan offer.
Loans now are becoming many people’s knights in shining armor in times of financial emergencies. There are a lot of banks and lending companies with multiple loan offers. There are also financing services that have cash loan offers.
Many people prefer borrowing from a bank or a lending company because they want a fixed interest on the amount they borrowed. Furthermore, a bank loan can be repaid in several years so you can have light monthly installments that won’t take much of your monthly budget.
With regards to loans, there are different types – there are those that serve specific purposes related to property while there are also multi-purpose loans. The housing loans and the car loans are among those that serve specific purposes.
A multi-purpose loan is a cash loan offer or a salary loan. There are several banks in the Philippines that have this offer. One of them is the Development Bank of the Philippines or more commonly called DBP.
With regards to the government bank’s offer, it is DBP EC Credit Loan. According to the bank, the said offer is open for government employees only. There are minimal requirements in applying for it.
Under the DBP EC Credit Loan, the repayment of your loan can be done through salary deductions. You can get your loan proceeds in as fast as five (5) working days. For direct repayments through salary deductions, the employer must have a tie-up arrangement with the bank.
DBP has not provided details regarding the documentary requirements in applying for this offer. Meanwhile, you can call the bank’s customer service at (02) 683-8324 for further details or email them at [email protected].
You may also visit – BPI Employee Salary Loan: Guide on How To Apply For It