PSBank Personal Loan

Whether it’s manifesting your goals today or facing your money problems tomorrow, your PSBank Personal Loan will help you fulfill your needs. With loan amounts ranging from ₱20,000 to ₱250,000, you can use the money for grand plans like traveling the world, simple ones like buying high-ticket appliances for your home makeover, or emergencies like hospital bills and debt payments.

Another great thing about the PSBank Flexi Personal Loan is its revolving credit option and loan rebate program. Aside from the fixed-term loan, revolving credit is another type of credit that doesn’t have a fixed number of payments. Simply put, you have the power to pay whenever you want within the loan period, unlike the fixed term loan that requires you to make fixed monthly payments.

The loan rebate program rewards you for being an outstanding loanee as reflected in your payments. For every advance payment or payment made in excess of the required amount on the due date, you’ll receive rebates or savings every day from the day the payment was posted up to a day before the next due date.

Below are other common reasons for getting a PSBank Flexi Personal Loan:

• Emergency purposes - Most of us are helpless in the face of emergencies, leading to panic and anxiety. If money is involved, regain some control and get the needed cash through PSBank Personal Loan.
• House repairs - Our homes are our refuge until you are riddled with damages that pile up and make parts of the house hard to live in. Get the cash you need with a PSBank Flexi Personal Loan and make your house livable again.
• Debt payment - Another source of anxiety is debt. It may start with a small amount but if it continues, it’ll be harder to pay off. Get rid of your debts today with a little help from your PSBank Flexi Personal Loan.
• Travel expenses - You want to give in to your wanderlust spirit and travel but funds are low and you’re not getting any younger. Wander to places you’ve never been before you retire by filling up your travel fund with a PSBank Personal Loan.

Before applying for a loan, you need to meet the following PSBank Flexi Personal Loan eligibility criteria:

• 22 to 54 years old
• Filipino citizen
• Preferably with an active credit card
• Must have a mobile number or residential landline, office landline, and email address
• For employed:
  • At least 1 year tenure in current employer and 2 years permanent work status
  • Gross monthly income of ₱15,000
• For self-employed:
  • Must have a profitably operating business for at least 3 years
  • Minimum gross monthly income of ₱30,000

Loan amount: ₱20,000 to ₱250,000

Loan terms: 24 or 36 months

Monthly interest rate: 1.75% for term loan; 2.5% for revolving loan

Annual contractual rate/effective interest rate: for term loan - 42.88% for 24 months, 41.29% for 36 months; for revolving loan - 34.49% for 12 months

Late payment penalty fee: 5% of the amount due every month

Processing fee: ₱1,500

Minimal requirements: No collateral fee and no pre-termination fee