Guide on How Much You Can Borrow Under the Sterling Bank Personal Loan
STERLING BANK PERSONAL LOAN – Here is a guide on the minimum and maximum loanable amounts under this loan offer of Sterling Bank of Asia.
In the Philippines, the people now got a lot of options in case they need some cash to make ends meet or reach a goal. It is because most banks in the country now got loan offers for the public. One of them is the Sterling Bank of Asia.
The Personal Loan is one of the most sought-after loan offers because it can serve a variety of purposes. It can aid you in the payment of utility bills, in coping with hospital emergencies, in traveling, in renovating your home, etc.
Based on the official website of the bank, under the Sterling Bank Personal Loan, you can enjoy the payment terms for up to thirty-six(36) months – reach your goal and pay for it in installment. With regards to how much you can borrow, it is subject to the approval of the bank but a range was provided.
The minimum loanable amount under the Sterling Bank Personal Loan is Php 50,000.00. You can borrow up to Php 1,000,000.00 under this loan offer.
- Minimum Loanable Amount – Php 50,000.00
- Maximum Loanable Amount – Php 1,000,000.00
The interest rate is fixed at 17.40% per annum and at a 1.45% add-on every month. To be eligible for the said loan offer, the applicant must be:
- at least 21 years old but not more than 60 years old
- earning at least Php 30,000.00 per month
- having a home or office landline
- having no adverse credit findings
Under this Sterling Bank loan offer, there is no need for a collateral. To apply for this loan, you may begin by gathering the following requirements and submit them to the nearest branch of the bank for evaluation:
For Employed Applicants:
- Copy of 1 month latest payslip
- Latest BIR Form 2316 with complete signature
- Photocopy of Company ID
- Photocopy of 1 Government ID
- Latest 2 months credit card statements (if any)
- Certificate of Employment (for selected companies)
For Self-Employed Applicants:
- Business Permit
- DTI or SEC Registration w/ Gen. Information Sheet
- 6 months Bank Statements
- 2 years ITR with Audited Financial Statement
- Trade references (3 customers & 3 suppliers with contact details)
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: BANK PERSONAL LOANS – List of PH Banks’ Loan Offers & Loanable Amounts