List of PSBank Personal Loan Qualifications Applicant Must Meet for Eligibility to Apply
PSBANK PERSONAL LOAN QUALIFICATIONS – Here is a guide on who are qualified to apply for the cash loan offer of the Philippine Savings Bank.
In the Philippines, the banking industry is not only filled with the giant banking companies and digital banks but as well as subsidiaries or the banks under the major entities. One of these subsidiary banks in the country is the Philippine Savings Bank.
The Philippine Savings Bank, more commonly called PSBank, is a subsidiary of Metrobank. It is the 2nd largest subsidiary savings bank in the country next to the BPI Family Savings Bank. It has several loan offers including the following:
- Flexi Personal Loan
- Business Loan
- Home Loan
- Auto Loan
Among the loan offers, the one that is most flexible is the PSBank Personal Loan or also called the cash loan. You may apply for it to finance a trip, fund an event, do minor home improvements or business expansion, etc.
The PSBank Personal Loan qualifications caters to both salaried and non-salaried individuals. This loan offer does not require a collateral and the borrowers may choose between a Revolving Credit Line and Fixed Term Loan per transaction.
Who are qualified to apply for the cash loan offer? Here are the PSBank Personal Loan qualifications for application:
- Filipino individuals residing in the Philippines
- at least 22 years old to 54 years old upon loan application
- If employed, the loan applicant must be at least two years employed on a permanent work status with one year tenure in the current employer
- If engaged in business, the business must be operating profitably for the last three years
- Gross monthly income of at least PhP15,000 for employed and PhP30,000 for self-employed
- With residential landline or mobile number, business landline and email address
- Preferably an active credit cardholder
The borrower has the option to choose a Revolving Credit Line now and a Fixed Term Loan on a future transaction.
Not everyone has enough time for the loan applications. Thus, it is important to know the steps if you wish to ensure a smooth process so as not to waste a lot of time in going and forth to the bank due to incomplete requirements.