Compare Bank Personal Loans in the Philippines (2025)
Updated: Sep 23, 2025
Loan | Annual Interest Rate | Monthly Repayment | Total Cost of Loan | |||
|---|---|---|---|---|---|---|
 | UnionBank Personal Loan | 1.29 % | ₱4,812 | ₱7,740 | ||
 | Metrobank Personal Loan | 1.75 % | ₱5,042 | ₱10,500 | ||
 | RCBC Pasado Loan | 1.58 % | ₱4,957 | ₱9,480 | ||
 | BPI Personal Loan | 1.20 % | ₱4,767 | ₱7,200 | ||
 | PSBank Personal Loan | 1.75 % | ₱5,042 | ₱10,500 | ||
 | Maybank Personal Loan | 1.30 % | ₱4,817 | ₱7,800 | ||
 | CTBC Bank Personal Loan | 1.39 % | ₱4,862 | ₱8,340 | ||
 | Equicom Personal Loan | 1.55 % | ₱4,942 | ₱9,300 | ||
 | Sterling Bank of Asia Personal Loan | 1.45 % | ₱4,892 | ₱8,700 | ||
 | SB Finance Personal Loan | 2.00 % | ₱5,167 | ₱12,000 |
- Fast approval time—as fast as 5 minutes!
- High loan amount of up to ₱2 million
- Flexible payment terms of up to 5 years
- No collateral or guarantor needed
- Ideal for: home renovation or tuition fees
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
- Borrow funds up to ₱2 million
- Get approved within 7 banking days
- Pay in 12, 18, 24, or 36 monthly installments
- Monthly add-on rate as low as 1.25%
- Ideal for: planning weddings, travel expenses
Regular Employee
- Government-issued ID
- Valid TIN / SSS / GSIS or UMID number
Self-Employed
- Government-issued ID
- Valid TIN / SSS / GSIS or UMID number
- Quick cash loan up to ₱500,000
- 24/7 access via RCBC's Diskarte app
- No collateral or guarantor needed
- Ideal for: ermergencies, travel, weddings
RCBC Pasado Loan Requirements for Filipinos
- RCBC Diskarte App
- Valid government-issued ID with photo and signature
- Borrow funds up to ₱3 million
- Get approved within 5-7 banking days
- Pay in 12, 18, 24, 30, or 36 monthly installments
- Competitive interest rate at 1.2% monthly
- Ideal for: planning vacations, paying for tuition
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
- Borrow funds up to ₱250,000
- Get approved within 5 to 9 banking days
- Pay in 24 or 36 monthly installments or choose the revolving credit option with no fixed payment term
- Interest rate at 1.75% monthly for term loan and 2.5% monthly for revolving loan
- Ideal for: debt payments, emergencies
Regular Employee
- Valid TIN / SSS / GSIS or UMID number
Self-Employed
- Valid TIN / SSS / GSIS or UMID number
- Audited Financial Statements
- Borrow money up to ₱1 million
- Pay in 3, 6, 12, 18, 24, and 36 monthly installmen
- No collateral or guarantor required
- Apply for a loan online in just a few clicks
- Ideal for: home repairs, family vacations
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
- Get approved within five banking days
- High loan amount of up to ₱2 million
- Flexible payment terms of up to 36 months
- No collateral or credit card needed
- Ideal for: car repairs, travel funds
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
Looking for a reliable bank loan in the Philippines? With Moneymax, you can compare personal loan offers from leading banks side by side. Understand key details like maximum loanable amounts, interest rates, repayment terms, and required documents so you can choose the bank loan that matches your budget and financial goals.
Why Choose a Bank Personal Loan?
Bank-issued personal loans remain one of the most trusted financing options in the Philippines. Compared to digital cash loans, bank loans generally offer:
- Higher loan amounts (up to ₱5 million at some banks)
- Longer tenors (up to 60 months)
- Competitive effective interest rates (EIR) vs. short-term lenders
- Structured repayment plans that help you manage large expenses
Top Bank Loan Options in the Philippines
BPI Personal Loan
Borrow up to ₱3,000,000 with flexible tenors from 12 to 36 months. Eligible applicants can usually loan up to three times their gross monthly income.
RCBC Personal Loan
Get up to ₱5,000,000 with tenors up to 60 months. RCBC also runs promos where processing fees are waived for select customers.
UnionBank Personal Loan
Enjoy a fully digital loan application with approvals as fast as a few days. Loanable amounts can reach up to ₱2,000,000, depending on your profile.
Security Bank / SB Finance Personal Loan
Borrow up to ₱2,000,000, payable up to 36 months. Standard approval timelines are around 5 banking days after submission of complete documents.
Maybank Personal Loan
Loan up to ₱1,000,000 with repayment terms of up to 36 months. Monthly add-on rates start at around 1.3%.
CTBC Bank Salary Stretch Loan
Multipurpose loan option ideal for salaried employees. Typical amounts range up to ₱1,000,000, with monthly add-on rates of around 1.39%–1.79%.
Equicom Savings Bank Personal Loan
Borrow up to ₱1,000,000 with flexible terms (12–48 months). Add-on rates hover around 1.85% per month.
Loan Features You Can Compare on Moneymax
- Maximum loan amounts: ₱500,000 to ₱5,000,000 depending on the bank
- Loan terms: 12–60 months
- Processing fees: Typically ₱1,500–₱3,500 (check each bank’s schedule)
- Approval time: From 1–5 working days after complete documents
Bank Loan Eligibility & Requirements
Although each bank has its own criteria, most require applicants to:
- Be 21–60/65 years old and a Philippine resident
- Have a stable income source (employee, professional, or business owner)
- Meet minimum income thresholds (e.g., ₱20,000+ monthly for BPI or RCBC)
- Submit valid government-issued IDs, payslips, COE/ITR, and/or business registration documents
How to Apply for a Bank Loan Through Moneymax
- Complete the Moneymax loan comparison form with your details.
- Get matched to bank loans that fit your profile.
- Submit your requirements to your chosen bank and wait for approval.
- Receive your funds directly to your nominated account.
Tips for Choosing the Right Bank Loan
- Always compare EIR, not just add-on rates.
- Borrow only what you can repay comfortably.
- Match loan tenor to your financial plan: shorter terms save on interest, longer terms lower monthly payments.
- Check for promos: some banks waive fees or offer discounts for early applicants.
FAQs About Bank Loans in the Philippines
Which bank gives the highest loan amount?
RCBC offers up to ₱5,000,000, one of the highest among PH banks.
Which bank has the fastest approval?
CIMB (digital) and UnionBank (digital flow) are among the fastest; for traditional banks, Security Bank often releases in ~5 days.
What is a typical bank loan interest rate?
Add-on rates usually start from 1.29%–1.85% per month; EIR will be higher once fees are factored in.
Do banks accept self-employed borrowers?
Yes, provided you submit valid business permits and financial statements.
Disclaimer: Information updated for 2025. Rates, fees, and requirements may change. Always check with your chosen bank before applying.