Best Bank Loans in the Philippines

• Late repayment fee: ₱ 500
• Documentary Stamp Tax: ₱ 1.50

UnionBank Personal Loan Requirements for Filipinos

- Completed UnionBank personal loan application form

- Valid government-issued ID with photo and signature

- For employed borrowers:

Any of the following:

- Complete 1 month payslip in the past 2 months

- Certificate of Employment (COE) in the past 2 months

- ITR with BIR Stamp issued in 2021 onwards

- For self-employed borrowers:

- Latest ITR or BIR Form 1701

- Audited financial statements with independent auditor’s report and balance sheets and tax receipt (all pages for all documents)

UnionBank Personal Loan Requirements for Foreigners

- Alien Certificate of Registration (ACR) or valid passport

- Any proof of residency in the Philippines:

- Immigrant Certificate of Residency (ICR)

- Visa and work permit or Alien Employment Permit (AEP) with a validity of more than 1 year

- ACR I-Card with a permanent visa status or validity of more than 1 year

- Special Resident Retirement Visa (SRRV)

- Special Resident Investors Visa (SRIV)

- For expats employed in the top 2,000 companies: Employment contract or letter from the company HR printed on company letterhead with name, job title/position, and confirmation of term

• Late repayment fee: ₱ 850 Per incidence of late or non-payment
• Documentary Stamp Tax: ₱ 1.50

Regular Employee

- Government-issued ID

- Valid TIN / SSS / GSIS or UMID number

Self-Employed

- Government-issued ID

- Valid TIN / SSS / GSIS or UMID number

• Documentary Stamp Tax: ₱ 1.50
• Processing Fee: ₱ 1500

BPI Personal Loan Requirements for Filipinos

- Valid government-issued ID with your photo and signature

- Filled-out and signed application form

- Income documents

- BPI account (once an application is queued for approval)

- Employed:

- your payslip in the last three months or your latest ITR BIR Form 2316

- Self-employed:

- Audited financial statements in the last three years or your latest ITR

- DTI/SEC Business Registration Certificate

- OFWs:

- Via agency: Most recent and unexpired signed POEA contract or employment contract with boarding date

- For direct hire:

- Most recent three months Proof of remittance

- Most recent and unexpired signed POEA Validated Information Sheet or latest POEA Overseas Employment Certificate (OEC), and latest employment contract*

- Consularized COE (if remitter is a permanent resident in the country)

*OEC exemption screenshot with OEC BM online profile is acceptable if OEC print-out is not available

• Late repayment fee: 5 %
• Processing Fee: ₱ 1500

Regular Employee

- Valid TIN / SSS / GSIS or UMID number

Self-Employed

- Valid TIN / SSS / GSIS or UMID number

- Audited Financial Statements

• Documentary Stamp Tax: ₱ 1.50
• Processing Fee: ₱ 2000

Maybank Personal Loan Requirements for Filipinos

- Two valid government-issued IDs with three specimen signatures

- Filled-out and signed application form

- Employed/Professionals:

- Payslip in the last month and original Certificate of Employment with compensation

- Photocopy of your latest ITR or BIR Form 2316

- Photocopy of your latest utility bill with your home address

- Self-employed:

- Audited financial statements in the last 2 years

- DTI/SEC Business Registration Certificate

- Bank statements in the last 6 months with an average monthly deposit of ₱200,000

• Processing Fee: ₱ 1500

HSBC Personal Loan Requirements for Filipinos

- Valid government-issued ID, proof of residential address (PORA), and proof of income or business registration

- Proof of income:

Employed:

- Most recent 1-month payslip and latest ITR or BIR Form W-2 or other valid ITR alternatives

Self-employed:

- ITR and Audited Financial Statement for the last 3 years for the same business

- DTI/SEC Certificate of Registration

- Business or Mayor’s Permit

- Bank statement for the past 3 months from at least a 1-year active account

HSBC Personal Loan Requirements for Foreign Nationals

Employed

- Copy of valid resident visa or copy of valid non-resident visa. Only those with 1-year residency are allowed to apply

Self-employed

- Copy of valid resident visa or copy of valid non-resident

• Processing Fee: ₱ 2000

CTBC Bank Personal Loan Requirements for Filipinos

- Photocopy of valid government-issued ID with your photo and signature (two government-issued IDs for self-employed individuals and not required for self-employed doctors and consultants)

- Company ID with photo and signature for all employees, including doctors (hospital ID applicable) and those in the call center industry

- Filled-out and signed application form

- Photocopy of your latest 1 month payslip (not required for self-employed individuals)

- Photocopy of Proof of Billing with your current address

- Photocopy of latest ITR/BIR Form 2316/1701/1702 (optional for employed and self-employed individuals and not required for doctors/consultants)

- Self-employed:

- Photocopy of unexpired Certificate of Registration from DTI

- Photocopy of your latest credit card statement in the last 2 months

- Any of the following:

- Bank Certificate of at least 6 months' average daily balance (ADB) in PHP or other currencies with a 60 calendar days validity that indicates the account name and number and authorized signatory or issued by the Service Head of Branch Head with contact number

- Bank statements in the last 6 months

- Audited financial statements (optional)

- For employed doctors:

- Photocopy of PRC ID or Proof of Renewal

- If applicable, photocopy of credit card/bank clearance or certification

- For self-employed doctors/consultants:

- Photocopy of PRC ID or Proof of Renewal

- If applicable, photocopy of credit card/bank clearance or certification

- Photocopy of bank statements in the last 3 months

• Late repayment fee: ₱ 500
• Documentary Stamp Tax: ₱ 1.50
• Processing Fee: ₱ 1500

Equicom Savings Bank Personal Loan Requirements for Filipinos

- Valid government-issued ID with your photo, address, and three specimen signatures

- Filled-out and signed application form

- Latest Statement of Account of your credit card

- Latest 1 month utility bill with residence address or least contract under borrower’s name

- For employed: your original payslip in the last month

- For self-employed:

- DTI/SEC Certificate of Registration

- Bank statements/passbook in the last 6 months

- Authorization to verify bank account/s

Sterling Bank of Asia Personal Loan Requirements for Filipinos

- Photocopy of valid government-issued ID with your photo and signature and valid company ID

- Filled-out and signed application form

- For employed:

- A copy of the latest 1 month payslip

- Latest ITR (BIR Form 2316)

- Certificate of Employment for selected companies

- For credit cardholders: credit card statement of account in the last 2 months

- Self-employed:

- Copy of the latest audited financial statements and latest ITR

- Valid DTI/SEC Business Registration Certificate with General Information Sheet

- Copy of the latest bank statements

- For credit cardholders: credit card statement of account in the last 2 months

- Trade references from three customers and three suppliers with contact detailsSterling Bank of Asia Personal Loan Requirements for Filipinos

RCBC Personal Loan Requirements for Filipinos

- 2 valid government-issued IDs with your photo and signature

- Filled-out and signed application form

- Employed:

- Latest ITR or Certificate of Employment (COE)

- TIN

- Utility bill

- Self-employed:

- Latest documents of the following: audited financial statements, ITR, or 3 month bank statements

- DTI/SEC Business Registration Certificate or Mayor’s Permit

- RCBC Personal Loan Calculator

• Late repayment fee: ₱ 500
• Documentary Stamp Tax: ₱ 1.50

UnionBank Personal Loan Requirements for Filipinos

- Completed UnionBank personal loan application form

- Valid government-issued ID with photo and signature

- For employed borrowers:

Any of the following:

- Complete 1 month payslip in the past 2 months

- Certificate of Employment (COE) in the past 2 months

- ITR with BIR Stamp issued in 2021 onwards

- For self-employed borrowers:

- Latest ITR or BIR Form 1701

- Audited financial statements with independent auditor’s report and balance sheets and tax receipt (all pages for all documents)

UnionBank Personal Loan Requirements for Foreigners

- Alien Certificate of Registration (ACR) or valid passport

- Any proof of residency in the Philippines:

- Immigrant Certificate of Residency (ICR)

- Visa and work permit or Alien Employment Permit (AEP) with a validity of more than 1 year

- ACR I-Card with a permanent visa status or validity of more than 1 year

- Special Resident Retirement Visa (SRRV)

- Special Resident Investors Visa (SRIV)

- For expats employed in the top 2,000 companies: Employment contract or letter from the company HR printed on company letterhead with name, job title/position, and confirmation of term

• Early repayment fee: 5 % of remaining principal balance plus any unpaid interest
• Late repayment fee: ₱ 500
• Documentary Stamp Tax: ₱ 1.5 for every ₱200, for loans exceeding ₱250,000
• Processing Fee: ₱ 5000

Security Personal Loan Requirements for Filipinos

Aside from the general requirements mentioned below, SB Finance might ask for additional documents as needed.

- Valid government-issued ID with photo

- Income documents

- Employed:

- Certificate of Employment and Compensation issued in the last 6 months

- Most recent ITR

- Payslip issued in the last month

- Self-employed:

- Most recent 1 year Audited Financial Statement (AFS) with the previous year’s comparative financials

- SEC/DTI Certificate

- Business or Mayor’s Permit

- Most recent 3 months of bank statements

- List of three trade references (comprising of at least one supplier and customer each) with contact details

- If a corporation, the latest GIS