CTBC Bank Personal Loan

CTBC Bank Personal Loan Review

If your expenses exceed your income due to unusual circumstances, you need a net to catch you financially. Count on CTBC Bank Personal Loan to be that safety net for you with its lowest monthly add-on interest rate of 1.39% for loans up to ₱1 million.

Where Can I Use a CTBC Bank Personal Loan?

Have the funds to address your immediate needs through CTBC Bank Personal Loan. Borrow amounts from ₱20,000 to ₱1 million payable up to 36 months with low monthly add-on rates ranging from 1.39% to 1.79%. Below are some of the commonly used loan purposes:

• Home repairs - Stop staring at the unsightly areas of your house and start repairing them! Get a personal loan to buy the needed tools or hire a professional for a more polished look.
• Hospital bills - Back to school also means back to paying tuition fees and additional school expenses such as a laptop or tablet, uniform, bag, and other school supplies. Be ready for the school season by getting a CTBC Bank Personal Loan.
• Business capital - Tired of having to work for others and want to start your own business soon? Say yes to your dreams when you start your application with CTBC Bank Personal Loan.
• Special occasion - Most special occasions cost money to make them more memorable, whether it's a happy or sad event such as a wedding, funeral, or baptism. Since it seldom happens or if it’s an untimely event, it’s a good call to get a CTBC Bank Personal Loan to help you pay for the costs.

Who Can Get a CTBC Bank Personal Loan?

Before applying for a loan, you need to meet the following CTBC Bank Personal Loan eligibility criteria:

• 25 years old (23 years old for employees except for those in the call center industry) and above and not older than 65 years old upon loan maturity
• Filipino citizen
• For employed:
• Must be a regular employee with their current company for at least 6 months tenure or have a total of 2 years of working experience
• With a minimum gross monthly income of ₱15,000 for banked and ₱20,000 for unbanked individuals
• Must have an office landline
• For those in the call center industry:
• With a minimum gross monthly income of ₱20,000
• Must be a regular employee with 3 consecutive years in the industry
• Must have an office landline
• For self-employed:
• With a minimum gross monthly income of ₱20,000
• Have a registered business registered operating for at least 3 years for service industries or 5 years for trading and other industries
• Must have an office and home landline and/or mobile number
• Must own a credit card
• For employed doctors:
• With a minimum gross monthly income of ₱25,000 and working within any CTBC Bank’s serviceable area
• Must be a regular employee with their current employer for at least 2 years
• Must have an office and home landline or mobile number
• For self-employed doctors or consultants
• With a minimum gross monthly income of ₱25,000 and working within any CTBC Bank’s serviceable area
• Must be a registered doctor/dentist for at least 3 years as seen on their Professional Regulatory Commission (PRC) ID
• For clinic-based doctors and dentists: must have a clinic and home landline or mobile number
• For consultants: must have a home landline and mobile number

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

CTBC Bank Personal Loan Calculator

To get a sample computation of your CTBC Bank Personal Loan, you may call them at +63 (2) 8840-1234, 1-800-10-840-1234 for their toll-free number, or email at customercare@ctbcbank.com.ph. You may also head down to the nearest branch to inquire.

CTBC Bank Personal Loan Sample Computation

Note: The resulting figures of the calculation are just estimates. They’re subject to change. Remember that your actual amortizations will reflect in the loan disclosure statement.

Here are some sample computations for the most common loan amounts with a monthly interest rate of 1.39%:

CTBC Bank Personal Loan Rates

Loan amount: ₱20,000 to ₱1 million

Loan terms: 12, 18, 24, or 36 months

Monthly interest rate: 1.39% to 1.79%

Processing fee: ₱2,000

Minimal requirements: No collateral fee and no pre-termination fee