Guide on PSBank Cash Loan Amount 2024 for Clients
PSBANK CASH LOAN AMOUNT 2024 – Here is a guide on how much you may borrow under the Personal Loan offer of the Philippine Savings Bank.
Are you looking for a cash loan offer? You may turn to the Personal Loan offer of the Philippine Savings Bank or more popularly called PSBank. It is one of the biggest banking entities in the country with multiple offers.
The Philippine Savings Bank has four (4) main loan offers — the PSBank Auto, Home, Business, and Personal loans. Its multi-purpose loan offer is the Personal Loan which is also called the cash loan. You may apply for it to finance a travel, make a huge purchase, pay for the bills, finance a minor business expansion, etc.
Who are qualified to apply for the PSBank cash loan offer? To qualify, the borrower must meet the following eligibility criteria:
- a Filipino residing in the Philippines
- 22 years old and above but not more than 54 years old upon the loan application
- with a stable source of income:
- If employed:
- at least two years permanent work status with one year tenure in current employer
- earning at least PhP15,000 gross monthly income
- If self-employed:
- business must be operating profitably for the last three years
- earning at least PhP30,000 gross monthly income
- If employed:
- has a residential landline or mobile number, business landline and email address
- preferably an active credit cardholder
With regards to the PSBank Cash Loan amount, the bank has provided a range of the amount that you may borrow under the multi-purpose loan offer. Here are the minimum and maximum loanable amounts:
- Minimum Loanable Amount — Php 20,000
- Maximum Loanable Amount — Php 250,000
The PSBank Cash Loan amount borrowed is payable from 24 months up to 36 months. The bank has provided options when it comes to the repayment mode based on the loan availed:
Revolving Credit Line. The borrower may pay for the loan through any of the following options:
- Total amount due of the loan
- Minimum amount due
- Any amount higher than the minimum amount due
Fixed Term Loan. According to PSBank, under this loan, the borrower may pay for the loan on a fixed amount over a certain period.
In applying for the loan offer, there are requirements for PSBank cash loan application. Make sure to submit all the documents needed.