Lists of Sterling Bank Cash Loan Requirements for Application
STERLING BANK CASH LOAN REQUIREMENTS – Here are the documents required by the Sterling Bank of Asia in applying for the Personal Loan offer.
Are you looking for a bank that can provide you with extra cash? In the Philippines, one of the entities that you may turn to is the Sterling Bank of Asia. It has several offers including the following:
- deposit accounts (savings, checking, short-term deposit, and long-term deposit accounts)
- loans (home, auto, personal, and salary loans)
- prepaid cards
- debit cards
- investment products
One of the loan offers if the bank is the Personal Loan, the multi-purpose cash loan offer of the Sterling Bank of Asia. Under the offer, you may borrow up to P1 million. You just have to prepare and submit the Sterling Bank cash loan requirements for application.
The loan offer is open for both employed and self-employed individuals. There are varying Sterling Bank cash loan requirements for application among the employed and self-employed loan applicants.
For an employed individual to qualify for the loan offer, he/she must be a Filipino citizen within 21 to 60 years old with a home or office landline and has a minimum gross income of at least Php 30,000 monthly. He/She must have an employment tenure of at least 2 years with his/her present employer.
Here are the Sterling Bank cash loan requirements for the employed individuals:
- duly-accomplished Sterling Bank of Asia Personal Loan Application Form
- copy of latest 1 month payslip
- latest Income Tax Return (BIR FORM 2316)
- photocopy of valid Company ID
- photocopy of valid Government-issued ID
- latest 2 months credit card statement of account (if applicable)
- Certificate of Employment
With regards to the valid ID accepted by the Sterling Bank of Asia, here is a list of the IDs and documents acceptable to the bank:
- Passport
- Driver’s license
- Professional Regulation Commission (PRC) ID
- National Bureau of Investigation (NBI) Clearance
- Police Clearance
- Postal ID
- Voter’s ID
- Taxpayer Identification Number (TIN) ID
- Barangay Certification
- Government Service Insurance System (GSIS) e-Card/Unified Multi-Purpose ID (UMID)
- Social Security System (SSS) ID
- Senior Citizen ID Card
- Overseas Workers Welfare Administration (OWWA) ID
- OFW ID
- Seaman’s Book
- Philippine Identification (PhilSys ID/Philippine ID (PhilID)/National ID)
- Philippine Identification System (PhilSys) Digital ID and Printed e-Philippine Identification (ePhilID
- Alien Certification of Registration/Immigrant Certificate of Registration/Special Investor’s
Resident Visa (SIRV)/Special Resident Retiree’s Visa (SRRV) - Government Office and GOCC ID (e.g. Armed forces of the Philippines (AFP), Home
Development Mutual Fund (HDMF ID)) - ID issued by National Council on Disability Affairs (NCDA)
- Department of Social Welfare and Development (DSWD) Certification
- Integrated Bar of the Philippines (IBP) ID
- Company IDs
- School ID signed by the principal or head of the institution (For Filipino Students only)
- PhilHealth Health Insurance Card ng Bayan
- Birth Certificate issued by the Philippine Statistics Authority (PSA)
In the case of self-employed individuals, the same qualifying criteria was set by the bank in applying for the loan offer. The only difference is that the self-employed applicant must be running a business that is in operation for at least 3 years already and profitable for the last 2 years. Here are the Sterling Bank cash loan requirements for application for self-employed individuals:
- duly-accomplished Sterling Bank of Asia Personal Loan Application Form
- Valid DTI or SEC Registration with General Information Sheet
- copy of latest Bank Statements
- copy of latest Income Tax Return (ITR) and Audited Financial Statement (AFS)
- latest two (2) months credit card statements (if any)
- Trade references (3 customers & 3 suppliers with contact details)
