Chinatrust Bank or CTBC originated in Taiwan's CTBC Financial Holding Co., Ltd. The Philippine office was established in 1995 and now it is offering services like deposits, investments, cash management and even the Chinatrust personal loan.
Chinatrust personal loan
The bank offers its personal loan dubbed Chinatrust salary stretch loan. It is available for salaried individuals or self-employed individuals on a short-term or long-term basis. Clients may avail of this offer and repay through post-dated checks or PDCs.
Am I eligible to get a Chinatrust personal loan?
For salaried individuals, the bank requires that you must at least be 23 years old and up to 60 years old upon the maturity of the loan. The minimum monthly income must be ₱15,000 for Manila-based applicants and ₱10,000 for those based in the province, on a permanent employment status of 1 year.
For self-employed individuals, additional requirements include a registered business which must be in operations for at least 3 years and a credit card.
What are the required documents to apply for a loan with CTBC?
To apply for a Chinatrust personal loan, you must fill out an application form, a photocopy of latest ITR/BIR Form 2316, photocopy of ID issued by the employer and a photocopy of 1-month payslip.
For self-employed individuals, you must pass a completely filled out application form, the photocopy of the latest BIR Form 1701/1702, photocopy of unexpired Certificate of Registration from DTI, photocopy of latest 2 months credit card statements, photocopy of latest 6 months bank statements, photocopy of credit card (front), and a photocopy of 2 government-issued IDs.
A snapshot of Chinatrust's best deal on GoBear:
For a loan of ₱80,000 with 3yr repayment tenure.