Details about the SB Finance Personal Loan Offer of Security Bank, Krungsri
SB FINANCE PERSONAL LOAN – Here is a complete guide on the features and the application for the online loan of Security Bank and Krungsri.
Loans are among the most popular financial solutions in times of need for cash to push through with something or even to simply make ends meet. For huge amounts, it is best to apply for a loan at a bank which has offers with high loanable amounts. You can do it personally or digitally.
One of the online loan offers that you may turn to is the SB Finance Personal Loan offer. It is extended by SB Finance which is the partnership of Security Bank and Krungsri. It is all digital thus you don’t need to leave your home or work for the application.
It is a non-collateral loan offer meaning you don’t need to have a property to be used as the collateral or the one that the lender will take away if you failed to comply with the loan payment at a given term.
Aside from being collateral-free, the loan offer also does not require a credit card for application. Thus, you can be approved even without such details.
Loanable Amounts. With regards to the loanable amounts, you can borrow at least Php 30, 000 under the loan offer. The maximum borrowing amount allowed is as much as P2 million. Undeniably, the maximum loanable amount sets the offer apart from countless loans.
Loan Term and Interest Rate. The borrower has the option to repay the loan in 12, 18, 24, or 36 months. With regards to the interest rate, the monthly add-on rate is 2% with an estimated Annual Percentage Rate of 39.43% for 36 months.
Qualification. To qualify for the loan offer, there are some eligibility requirements that you must meet for qualification. Here are the eligibility requirements:
- 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. There are specific documents for application to the SB Finance Personal Loan offer. The requirements for SB Finance Personal Loan application may vary depending if the borrower is employed, self-employed, or a professional.
Application. To apply for the loan offer, download the Zuki app on Google Play or the App Store. Register for an account and choose the loan product that you want to apply for. Provide the necessary information to apply for the loan offer.
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