Personal Loan Repayment Calculator

Personal Loan FAQ

What is a Personal Loan?

A personal loan is a fund in which an individual can borrow from a bank or any lending firm. The fund granted can be used in meeting financial requirements. There are different reasons why a person seeks for personal loan. It’s because this type of loan can be used for any purposes such as paying mortgages, paying bills, buying a car, or for home improvement. It can also be used for any financial emergencies.

What are the Personal Loan Requirements?

Employed applicants:

• Government-issued photo-bearing ID (Passport, Driver's License, SSS, PRC, etc.)
• 3 months original pay slip and/or Latest Income Tax Return with BIR or Bank stamp (BIR Form 2316)

Self – Employed applicants:

• Business must be operational for at least 3 years
• Government-issued photo-bearing ID (Passport, Driver's License, SSS, PRC, etc.)
• Audited Financial Statements for the last 3 years
• Latest Income Tax Return (BIR Form 1700 /1701)
• Business Permit from DTI or SEC

OFW applicants:

• Government-issued photo-bearing ID (Passport, Driver's License, SSS, PRC, etc.)
• Agency based: POEA contract or Employment contract with boarding date Direct hire: Proof of remittance, POEA OFW Information Sheet or POEA Overseas Employment Certificate and Work Contract