Guide on How To Apply for PBCom Personal Loan & the Requirements in Applying
PBCOM PERSONAL LOAN – Here is a guide on how to apply for personal loan to the Philippine Bank of Communications (PBCom) including the requirements to submit.
A lot of banks in the Philippines got loan offers for the public. Most banks have the personal loan, the business loan, the house loan, and the auto loan.
Among the aforementioned loan, most likely, one of the loans with a lot of applicants and clients is the personal loan. It is the type of loan that can serve several flexible purposes.
You can apply for a personal loan to cover up your travel expenses, to fund an event, to pay for the utility bills, to pay for school fees, to purchase a gadget, etc.
One of the banks in PH that have a personal loan offer is the Philippine Bank of Communications or more commonly known as PBCom.
Based on its official website, here is a list of the acceptable purposes in applying for the PBCom Personal Loan:
- Tuition Fee or School Expenses
- Wedding or Other Special Events
- Home Improvement
- Car Repair
- Appliance or Furniture Purchase
- Business
- Travel and/or Vacation Expenses
Here are the steps in applying for the PBCom Personal Loan:
Step 1 – Check for your eligibility to the loan.
The applicant must…
- be 25 to 65 years old
- be a Filipino citizens or local resident foreigners who live within PBCOM business center locations (Local resident foreigners should present Immigrant Certificate of Residency OR documents as required by Executive Order 226 OR Visa and work permit)
- have an existing locally-issued credit card issued 12 months prior and with a minimum credit limit of Php 30,000
- have an income within the minimum income required by PBCOM as follows:
- Employed – permanent employee with minimum Gross Annual Income of Php 260,000
- Self-Employed – must have a minimum Gross Annual Income of Php 300,000
Step 2 – Prepare the requirements.
For Employed Applicants
- Filled out and signed application form
- Two(2) valid government-issued IDs with photo and signature
- Latest two(2) months credit card statements
- Front photocopy of credit card
- Proof of Income
- A copy of the latest Income Tax Return (ITR) of the borrower and his co-maker, if applicable; OR
- Employer’s Certificate of Compensation Payment/Tax Withheld (BIR Form 2316); OR
- Latest three (3) months pay slips upon loan application
For Self-Employed Applicants
- Filled out and signed application form
- Two(2) valid government-issued IDs with photo and signature
- Post Dated Checks
- Latest two(2) months credit card statements
- Front photocopy of credit card
- Proof of Income:
- A copy of the latest Income Tax Return (ITR) of the borrower and his co-maker, if applicable
- Latest Audited Financial Statements
- Photocopy of Certificate of Business Registration with SEC or DTI (if loan purpose is for business use)
Step 3 – Visit the nearest PBCom branch.
Bring the requirements with you and obtain the application form from the PBCom bank officer. Have your documents checked by the bank officer.
Wait for the notification from the bank regarding the status of your loan application.
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