Lists of Requirements for SB Finance Personal Loan Application You Must Prepare
REQUIREMENTS FOR SB FINANCE PERSONAL LOAN – You can check the lists below for the qualifications and the documents needed in applying for the loan.
Nowadays, loan applications do not only take place in brick-and-mortar processes. You may apply for a loan even without leaving your home or work through the online loan offers of different entities. One of the popular and trusted online loan providers in the country is the SB Finance.
The SB Finance, a partnership of the Security Bank and the Krungsri, actually has multiple loan offers that are available online. One of these online cash loans is the SB Finance Personal Loan offer, a multi-purpose financial solution.
The SB Finance offers high loanable amounts under its personal loan offer. It is also collateral-free — meaning you don’t need to present a property to use as a collateral or the one that will be taken by the lender if you failed to pay for your loan.
Under the offer, you may borrow an amount and pay for it either in 12, 18, 24, or 36 months depending on what your prefer. The monthly add-on interest rate is 2%. In applying, there are requirements for the SB Finance Personal Loan application and these include both the qualifications and the documentary requirements.
Qualifications. The eligibility requirements are vital in all loan offers. With regards to checking your qualification for the SB Finance Personal Loan offer, to qualify, you must meet the following criteria:
- a Filipino Citizen
- at least age 21 upon the loan application but not over 65 years old upon loan maturity
- an office or residence landline
- source of income
- For Employed Applicants:
- For Metro Manila: PhP15,000
- For outside Metro Manila: PhP12,000
- For Self-Employed Applicants:
- Borrower must be the owner or a majority owner with at least 40% stake AND the business has been operating profitably for at least 2 years with at least 1 trade reference
- Minimum gross monthly income of PhP60,000
- For Employed Applicants:
Requirements for SB Finance Personal Loan Application. There are specific documents that borrowers must submit to apply for the loan offer. You must prepare a valid ID in the Philippines. Here is a list of the documentary requirements that you must prepare depending on your status:
Employed Applicants:
- Latest one (1) month payslip
- Latest ITR
- Certificate of Employment and Compensation – issued within the last six (6) months
For Self-Employed Applicants:
- Latest one (1) year Audited Financial Statement (AFS) with at least the previous year’s comparative financials
- Latest three (3) months bank statements
- SEC/DTI Certificate of Registration
- Business permit/Mayor’s permit (If expired, you need to prepare the requirements for Business Permit Renewal and process it first)
- List of three (3) trade references [at least one (1) supplier and one (1) customer] with contact details
- Latest GIS (if corporation)
For Professionals:
- Latest one (1) year Audited Financial Statement (AFS) with at least the previous year’s comparative financials
- Latest three (3) months bank statements
- SEC/DTI Certificate of Registration
- Business permit/Mayor’s permit (If expired, you need to prepare the requirements for Business Permit Renewal and process it first)
- List of three (3) trade references [at least one (1) supplier and one (1) customer] with contact details
- Latest GIS (if corporation)
Application. To apply for the loan offer, download the Zuki app online. Register and begin the loan application process for the SB Finance loan offer.
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