CORPORATE EMPLOYEE LOAN
Give your employees access to loans with convenient payment terms.
A Corporate Employee Loans (CEL) gives employees of accredited companies access to loans with convenient and affordable payment terms. These loans can be used for any non-business purpose including health expenses, tuition, family vacations, balance transfers, or even the purchase of a car or house.
Choose from any of the employee loans they offer
Eligibility Requirements
FOR COMPANY ACCREDITATION:
REQUIREMENTS
FOR COMPANY ACCREDITATION:
Pre-accreditation:
Post-accreditation:
CORPORATE SALARY LOAN
Give your employees a salary loan with convenient payment terms.
Salary Loan Program gives employees of accredited companies’ access to loans with convenient and affordable payment terms. Payment/ monthly amortization are through salary deduction. These loans can be used for:
Features
Eligibility & Requirements
For employees of accredited companies:
Note: All employee-applicants shall be processed based on their individual qualifications and capacity, subject to the Bank’s credit policies and procedures.
Required Documents
FOR INDIVIDUAL APPLICATION (Employee): SBC Forms
Standard Requirements
Other documents that may be further required by Credit
Note: All applications with incomplete requirements will not be processed.
Amount Loanable: Approximately 8x of the net take home pay of the borrower.
Loanable Amount: Minimum P10, 000 Maximum P1,000,000 *30% Debt Income Ratio of net monthly pay shall apply and/or maximum loan amount is 8x the take-home pay.
Loan terms: 6, 12, 18, 24 or 36 months, depending on your employer’s arrangement and subject to account evaluation.
Time to process application: 3-4 banking days, if all requirements are complete and if applicant is verified without adverse findings.
Fees and Charges
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