Apply for CTBC Bank Personal Loans if you are short on cash.
Whether you need more funds for home improvement, vacation, or paying for your child’s tuition fees, CTBC Bank Personal Loans can help.
CTBC Bank Philippines offers Salary, Business, and Doctor’s loans with low-interest rates, flexible terms, and no collateral requirements.
You can apply for CTBC Bank Personal Loans in-person, via agent, or online.
Read on to learn more about CTBC Bank Personal loans and how they can solve your financial problems in no time.
What is CTBC Bank?
CTBC Bank (China Trust Business Bank) is one of the largest privately-owned banks in Taiwan.
Established in Taiwan in 1966, CTBC Bank now operates over 68 branches worldwide.
CTBC Bank runs subsidiaries in the Philippines, Japan, Canada, Indonesia, Thailand, and the United States.
In the Philippines, CTBC started operating in 1995, providing reliable, hassle-free personal loan products to Filipinos.
What are CTBC Bank Personal Loans?
You must understand each of the CTBC Bank Personal Loans to ensure you apply for the right loan product.
Currently, CTBC Bank Personal Loans include Salary, Business, and Doctor’s Loans.
The potential amount you can borrow from CTBC Bank Personal Loans ranges from ₱500,000 to ₱2 million.
Below is a brief overview of the top-notch CTBC Bank Personal Loans to make you more informed.
Salary Loan (Salary Stretch Personal Loan)
Salary Loan is open to all privately employed individuals, especially those in the BPO/ call centers.
CTBC Salary Loan is an unsecured loan, so you don’t need to present any collateral or assets.
You can apply for a CTBC salary loan as long as you are currently employed and meet the minimum eligibility requirements.
Business Loan
One of the CTBC Bank Personal Loans you can rely on is a Business Loan.
From the name itself, this loan product is intended to help business owners.
You can apply for this loan product if your business has been running for at least three years (service industry) or five years (for other sectors).
Doctor’s Loan
CTBC Bank Personal Loans will not be completed without the Doctor’s Loan.
CTBC Bank Doctor’s Loan is available for both employed and self-employed doctors.
CTBC Bank Personal Loan Eligibilities
Interested in applying for CTBC Bank Personal Loans? We understand you!
But before applying, check out the eligibility requirements first.
| Personal Loan Product | Eligibilities |
| Salary Loan (private company) | – Must be a Filipino citizen – 23- 65 years old (upon loan maturity) – ₱15,000 minimum gross monthly income (for bankers) or ₱20,000 (non-bankers) – Must be working within CTBC’s serviceable area – With at least six months working tenure in the current employer or a total of two years accumulated work tenure, including regular/ permanent work status in past employers – With home landline/ mobile number |
| Salary Loan (BPO) | – Must be a Filipino citizen23- 65 years old (upon loan maturity) – ₱25,000 gross monthly income – Working within CTBC Bank’s serviceable area – With at least one year of work tenure with the current company or a total of two years of working experience in the call center industry – With home and office landline/ mobile number |
| For Self-employed (Business owners) | – A Filipino citizen – Ages 25- 65 years old (upon loan maturity) – With a business operating for at least three years (for Service Industries), five years for Trading and other industries – ₱20,000 minimum gross monthly income – With home and office landline/ mobile number – Must be a credit card holder – Operating under CTBC’s serviceable area |
| For Doctors (employed) | – Must be a Filipino citizen – 25- 65 years old (upon loan maturity) – Can provide residential and hospital landline/ mobile number – Working for at least two years (regular/ permanent) in the current employer – ₱25,000.00 minimum gross monthly income – Working within CTBC’s serviceable area |
| For Doctors (self-employed) | -A Filipino citizen – A registered doctor/ dentist for at least three years (PRC ID will be checked) – Can provide a clinic and residence landline/ mobile number (clinic-based) – Can provide residence mobile number or landline (for consultants) Working within CTBC’s serviceable area |
What are CTBC Bank Personal Loans Interest Rate?
- Monthly Interest Rates- 1.39% to 1.79% across all loan terms and products
*CTBC Bank Personal Loans effective interest rates will depend on the approved amount
CTBC Bank Personal Loan Requirements
Aside from the duly filled out CTBC Personal Loan application form, you also need to comply with the following requirements in applying for any of CTBC Bank Personal Loans:
| CTBC Bank Loans | Requirements |
| Salary Loan (Private Company) | – Certificate of Employment – One month latest payslip – Company ID – Government-issued valid ID – Signed Data Privacy Notice and Consent Form |
| Salary Loan (BPO Employee) | – At least three years working in a particular BPO company – Certificate of Employment – One month latest payslip – Company ID – Government ID |
| Business Loan | – Operating a business for at least three to five years (depending on the industry) – Two government-issued valid IDs – Bank Certificate – LOA bank verification form – Trade References Form |
| Doctor’s Loan | – Certificate of Employment – One month latest payslip – Company ID – Government-issued valid ID |
CTBC Bank Personal Loan Terms
- 12, 18, 24, and 36 months
*applies to all CTBC loan products
CTBC Bank Personal Loan Credit Limit
- ₱500,000 to ₱2 million
CTBC Bank Personal Loans Application Process
- Visit CTBC’s official website. You can also get a copy of the Form from the CTBC agent or any of CTBC’s branches nationwide
- Download the Loan Application Form/ Ask from the loan agent and fill it out
- Send the filled-out Application Form to salarystretch@ctbcbank.com.ph or submit it to a loan agent for faster transaction
- Wait up to five days to receive CTBC’s call confirming your application. Loan proceeds will be available in your preferred disbursement channel within one banking day
*steps apply to all CTBC Personal Bank Loans
What are CTBC Bank Personal Loans Disbursement Channels?
- CTBC Bank Visa Cash Card
- Will be credited to your CTBC Bank account
- Will be credited to your other bank accounts
- Manager’s Check
- Over-the-counter
How Long Does It Take to Get a Personal Loan in CTBC?
CTBC Bank Personal Loan application and disbursement may span from one to five days
CTBC Bank Personal Loan Fees and Charges
- NO processing Fee
- Handling Fee- Will be automatically charged to the loan proceeds. Handling Fee amount varies depending on the granted loan amount and term
CTBC Bank Personal Loan Pros and Cons
Like other bank loans, CTBC Bank Personal Loans have their share of good and bad sides.
Check out some of the CTBC Bank Personal Loans pros and cons; weigh them before sending your application.
Pros
- Flexible loan term
- Low-interest rates
- Non-collateral
- You can apply for a loan online, via an agent, or in-person
- Help borrowers find the best loan product via the ‘Inquire Now’ navigation
- Provides amortization table to guide borrowers
- Downloadable Application Form
Cons
- Only SMS is sent to remind borrowers of their dues
Takeaway
CTBC Bank Personal Loans help Filipinos navigate financial difficulties- it’s a fact!
Even the masses can apply for CTBC Bank Personal Loans because they don’t require collateral.
Of course, CTBC Bank Personal Loans are not perfect loan products. Before you apply, consider the interest rates, loan terms, and other important features of CTBC Bank Personal Loans.
What we can guarantee is that CTBC Bank Personal Loans are a lesser evil compared to other bank loans.
So, what are you waiting for?
Contact a legit CTBC Bank agent now to expedite your loan application!