Guide on the Sterling Bank of Asia Personal Loan Features & Application
STERLING BANK OF ASIA PERSONAL LOAN – Here are the important details about the Persona” loan offer of the Sterling Bank of Asia.
One of the savings banks that operate in the Philippines for more than a decade now is the Sterling Bank of Asia. In the country, it is owned by the JTKC Group of Companies, Star Equities, and Surewell Equities.
The Sterling Bank of Asia got several branches in the country thus its offers which encompass both personal and business finance products and services as well as investment products are really accessible to a lot of people.
The bank provides loans and one of the offers is the Sterling Bank of Asia Personal Loan which is ready to provide you with extra cash. Under the loan offer, here are the borrowing amounts allowed by the bank:
- Minimum Loanable Amount — Php 30,000
- Maximum Loanable Amount — Php 1,000,000
Under the loan offer, the amount borrowed is payable from three (3) months up to 36 months. It is a multi-purpose loan offer that you may turn to for your cash needs for emergency purposes, business, travel, etc.
The Sterling Bank of Asia does not require a collateral in applying for the loan offer. Thus, you don’t need to own a property that can be used as a collateral to qualify for the offer. There is also no guarantor required for application.
Who are qualified to apply for the loan offer? Here are the qualifications set under the Sterling Bank of Asia Personal Loan for employed and self-employed individuals:
Employed
- Filipino Citizen
- at least 21 years old at the time of the loan application
- not more than 60 years old upon the loan maturity
- with a home or office landline
- no adverse credit findings
- at least one (1) year residency, if renting
- Employment tenure of at least 2 years with present employer
Self-Employed
- Filipino Citizen
- at least 21 years old at the time of the loan application
- not more than 60 years old upon the loan maturity
- with a home or office landline
- no adverse credit findings
- at least one (1) year residency, if renting
- Business in operation for at least 3 years & profitable for the last 2 years
