Guide on How Much Is the Required Monthly Income Under Sterling Bank Personal Loans
STERLING BANK PERSONAL LOANS – Here is a guide on how much is the required monthly income in applying for the said offers of Sterling Bank of Asia.
The Sterling Bank of Asia is one of those banks that have several consumer loans offered to the public. You may apply for a personal loan, an auto loan, a home loan, or a salary loan to the bank.
If you want a multi-purpose loan but your company is not accredited to the bank, you may go for the personal loan offers. It covers a wide range of purposes including the following:
- growing a business
- paying for the credit card bills
- renovating a house
- funding a vacation
- paying for the utility bills
In applying for the Sterling Bank Personal Loans, there are documents that you must prepare. There are also eligibility requirements that applicants must passed including the required monthly income.
How much is the required monthly income in applying for the Sterling Bank Personal Loans? Based on the official website of the bank, the applicant must be earning at least Php 30,000.00 per month.
- Minimum Income Requirement – Php 30,000.00 per month
Aside from it, there are a few other eligibility qualifications set by the bank. The applicant must be:
- at least 21 years old but not more than 60 years old
- having a home or office landline
- having no adverse credit findings
With regards to the documents that you must prepare in applying for the Sterling Bank Personal Loans, it will depend on your employment status. Here are the lists of the requirements for employed and self-employed applicants:
Employed applicants must prepare…
- 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)
Self-employed applicants must prepare…
- 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)
Simple gather these documents and submit them to the nearest Sterling Bank of Asia branch to start your application. Do you want to know how much you can borrow? You may visit – STERLING BANK PERSONAL LOAN – How Much You Can Borrow Under This Offer.
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