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Chinatrust Salary Stretch Personal Loan

Interest Rate (p.a.)
16.67% - 16.67%
Loan Tenure
1 - 3 years
Approval Duration
Within 3-5 banking days
Min. monthly income
₱15,000
Loan calculator
Loan amount
₱
Loan tenure
year
Interest Rate (p.a.)
-%
Monthly Repayment
₱-
Total Interest Payable
₱-
Total Amount Payable
₱-

Product Features

Min. financing amount ₱20,000.00
Max.financing amount Up to ₱1,000,000.00
Min. loan tenure 1 year
Max. loan tenure 3 years
Interest rate 1.39% per month add-on
Approval duration Within 3-5 banking days
Debt consolidation No

Fees & Charges

One time set up
Processing fee ₱1,500.00
Disbursement & misc. fee N/A
Penalties
Early settlement None, if you have informed the bank one month ahead
Late payment charges 5.00% p.a. on any balance outstanding.

Eligibility

Age requirement Age 23 - 60
Min. salary requirement ₱15,000.00 gross per month
Guarantor / Collateral requirement No

Other Requirements

Need to open linked banked account? No
Other details Method of Payment - Unionbank branches, Bancnet channels, Chinatrust bank branches

February 25, 2018

How much can I borrow?

With a Chinatrust Personal Loan, borrow as much as P1,000,000, subject to approval.

What are the Chinatrust Personal Loan Requirements?

An applicant must fulfill Chinatrust’s eligibility criteria for a loan:

  • Must be 23 to 60 years old upon loan maturity
  • Must be a Filipino citizen
  • If employed:
    • With minimum gross monthly income of PhP15,000. for Metro Manila-based applicants or PhP10,000. for provincial-based applicants
    • Must be with the current company for at least one (1) year on a regular / permanent status
    • With office and home landline and/or mobile number
  • If self-employed:
    • Business must be registered and in existence of operation for at least three (3) years for Trading and Services Industry or five (5) years for other industries
    • With office and home landline and/or mobile number
    • Must be a credit card holder

Consequently, after filling out an application form, the following documents are necessary:

Fully Employed applicants need:

  • Completely filled out application form
  • Photocopy of latest ITR / BIR Form 2316
  • Photocopy of ID issued by the employer (with photo and signature)
  • Photocopy of one (1) month latest pay slip

Self–Employed applicants need:

  • Completely filled out application form
  • Photocopy of latest BIR Form 1701 / 1702
  • Photocopy of unexpired Certificate of Registration from the Department of Trade and Industry (DTI)
  • Photocopy of latest two (2) months credit card statements
  • Photocopy of latest six (6) months bank statements of account/s
  • Photocopy of the face of credit card
  • Photocopy of two (2) government-issued IDs with photo

*Additional documents may be required during credit evaluation.

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