Personal loan – up to £ 2 million, no credit card required

How much can I lend?

How much can I lend?

The minimum amount you can use is Php 30,000.00 and the maximum is Php 2,000,000.00. The loan amount will be based on the credit assessment and the submitted income documents.

For how many months / terms can I pay the loan?

For how many months / terms can I pay the loan?

You have the option to pay the loan amount for: 12, 18, 24 and 36 months.

You have the option to pay the loan amount for: 12, 18, 24 and 36 months.

You have the option to pay the loan amount for: 12, 18, 24 and 36 months.

Term Monthly additional charge
12-36 months 1.89%

The annual percentage rate (APR) starts at 29.48%.

Calculation example:

 

If you borrow 50,000 pesos in 12 months using a 29.48% APR, your monthly payment would be 5,110 pesos.

What are the fees and charges?

Processing fee of Php 2,000.00, to be deducted from the loan amount when booking the loan.

Documentary stamps of 1.00 Php for each Php 200.00, for loans over Php 250 000

Example: the loan amount is 251,000.00 P / 200 = Php 1255

Notary fees for loans over 100KP are:

  • 100,000 to 500,000.00 – P125.00
  • 500,000.01 to 1 M – P150.00

Late payment charges are 3% of the amount due or PHP 500, whichever is greater.

Pre-termination salary charge of 5% of remaining principal balance plus unpaid interest.

How will I know if my loan is approved?

An SBC representative will inform you of the outcome of your application. You can also contact our customer service hotline at 02-8879188 or send an email to customerservice@sbcards.com.ph.

How will I get the proceeds of my loan?

How will I get the proceeds of my loan?

The proceeds of the loan are released through the management audit (MC) or credit to a bank account. The proceeds of the loan can be claimed from the SBS Makati Loan Availability Center (3F, Security Bank Center, 6797 Ayala Avenue, Makati City) or through the branch where the loan was applied. When the loan is available, you must provide the following:

  • If employee, original company identifier and one (1) valid government issued identifier
  • If you are self-employed, two (2) valid original government issued IDs
  • Other documents required for booking that will be relayed by the SBC representative who will call you regarding loan approval.

Can I get a personal loan if my credit card is canceled?

Can I get a personal loan if my credit card is canceled?

If you have a canceled credit card from a bank, obtain the necessary authorization before applying for a personal loan to ensure the smooth running of your application.

Can I pre-terminate my loan?

Can I pre-terminate my loan?

Yes, you can pre-terminate the loan, but a processing fee equal to 5% of the principal balance plus any outstanding interest will be charged to your account.

Can I get a loan?

Can I get a loan?

You can reuse your personal loan as long as you have already paid at least half of the original term of your loan and no payment has been made.

Example: The initial loan term is 12 months and you have already paid your depreciation for 6 months, you can request a new availability. When booking, your previous loan balance will be deducted from the proceeds of your new loan.

Can I benefit from two personal loans at the same time?

The borrower can avail two separate loans at the same time. At least half of the existing loan term must be repaid before another loan can be requested.

Can I get a personal loan if my credit card is canceled?

Can I get a personal loan if my credit card is canceled?

If you have a canceled credit card from a bank, obtain the necessary authorization before applying for a personal loan to ensure the smooth running of your application.

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