Minimum loan amount
Minimum annual income
Your financial goals are just a loan away with an Equicom Personal Loan. Borrow up to ₱1 million and pay in flexible 12, 18, 24, 36, 48 monthly installments—one of the most flexible installment schemes out there. Make your plans a reality when you apply online.
|Age||21 to 65 years old|
|Minimum Annual Income||P240,000|
|Credit Card||Not Required|
|Late payment Fee||P500|
Is this the right product for you?
Checkout the other personal loan listing.
There are so many options available now for personal loans but most are geared to either very low or very high loan amounts with only a few providers offering something in between. So it’s comforting to know that Equicom Savings Bank Personal Loan provides a wide range of loan amounts for your necessities, ranging from ₱15,000 to ₱1 million.
The low minimum and high maximum loan amounts of Equicom Savings Bank Personal Loan allow you to borrow money for different reasons. Your purpose can be a simple need such as gadgets or a grand goal like home renovation. Here are other accepted loan purposes:
Before applying for a loan, you need to meet the following Equicom Savings Bank Personal Loan eligibility criteria:
Loan amount: ₱15,000 to ₱1 million
Loan terms: 12, 18, 24, 36, or 48 months
Monthly interest rate:
12 months - 1.55%
18 and 24 months - 1.65%
36 months - 1.75%
48 months - 1.85%
Tier 3: 2.50% for 12, 18, 24, and 36 month loan terms
Tier 4: 3% for 12, 18, 24, and 36 month loan terms
Late payment penalty fee: ₱500 or 3% every month of the total overdue amount, whichever is higher
Processing fee (will be deducted from loan proceeds):
For employed: ₱1,500
For self-employed: ₱1,500
Minimal requirements: No collateral fee and guarantor required
You can borrow from ₱15,000 up to ₱1 million when you apply for an Equicom Personal Loan.
Since your Equicom Personal Loan is a form of multi-purpose loan, you can use it for any financial need you have. For example, you can use it to fund family emergencies or vacations, home renovation or improvement, and even educational expenses for you or your children.
Your Equicom Personal Loan comes with the following fees:
- Processing fee: ₱1,500 for employed and ₱2,000 for self-employed
- Late Payment fee: ₱500 or 3% of the amount due, whichever is higher
- Returned check fee: ₱500 per check
- Early settlement fee: ₱500 or 5% of the remaining principal balance, whichever is higher
- Extension fee: ₱500
- Documentary Stamps Tax (for loans ₱250,000 and above): ₱1.50 for every ₱200
- Credit to Non-Equicom Account Fee: ₱15
Equicom has one of the most flexible loan terms in the market for offering installment terms up to 48 months. You can choose from 12, 18, 24, 36, and 48 monthly installments.
You can contact Equicom Savings Bank’s customer service through their email or their Personal Loan Department hotline below. Lines are open from Monday to Friday, 8:30 am to 5:30 pm.
Hotline: (632) 8241-EQUI (3784) locals 142 / 159 / 2013 / 2027
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