Sterling Bank Personal Loan

Sterling Bank of Asia began its operations in 2007 with nine branches. It is principally owned by the JTKC Group of Companies, Surewell Equities, and Star Equities that are involved in hotel and resort properties, manufacturing, real estate, finance, and logistics. After a year of operations, it was granted authority to offer a wide array of financial services including Persona, the Sterling Bank personal loan, and other consumer loans.

It is now among the top 10 of 67 thrift banks in the Philippines in terms of total deposits and total assets. It acquired Centennial Savings Bank in 2009 and with that grew the branches to 38 with presence in Metro Manila and key cities around the country.


What is Persona — Sterling Bank's personal loan?

Dubbed as “Persona,” the Sterling Bank of Asia personal loan is sweet and simple. As its slogan says, “because life is never about waiting. It’s about making it happen.”

Persona is a multi-purpose loan that can be used for business, vacation, paying bills, emergency hospitalization, house renovation, buying appliances, or other personal use.

One can borrow at least ₱50,000 to as much as ₱1 million, which can be paid in 12, 18, 24, or 36 months. The Sterling Bank personal loan has a monthly interest rate of 1.4% to 1.5% depending on the loan terms. The longer, the more expensive the interest rate. You may play with their online loan calculator to have a good idea of how much to pay per month on different terms. It’s still best to call or visit any Sterling Bank branch to get actual rates.

Processing fee is ₱1,500, or ₱2,500 for Visayas and Mindanao borrowers, which will be deducted from the loan proceeds. Payment is via post-dated checks only.

Am I eligible for a Sterling Bank personal loan?

You are eligible for a Sterling Bank loan if you are:

- A Filipino Citizen

- At least 21 years old but not more than 60

- Earn a minimum gross salary of ₱30,000 per month

- With home and office landline

- No adverse credit findings

- At least 1 year residency, if renting

Employed borrowers must have at least two years of tenure with present employer, or at least three years if working with BPO or call center, back room, and manufacturing companies. For self-employed, business must be in operation for at least three years and profitable for the past two years.

Other Sterling Bank loan offerings

What if you’re not eligible for a Sterling Bank personal loan? This bank offers other loans like the Salary Loan that requires only ₱9,400 monthly pay and allows ₱10,000 to ₱500,000 loanable amount, payable from six to 36  months. Payment for this is via salary deductions. 

Other Sterling Bank loans include car loans where you can borrow at least ₱100,000 and pay it for up to 60 months. Their home loan offers ₱500,000 to up to ₱10 million. This is payable in one to 20 years.

Sterling Bank loan requirements

Are you eligible for a Sterling Bank loan? Prepare all the requirements needed. One is a completely filled out application form. Another is a photocopy of two valid IDs with photograph and signature (company ID and government-issued ID). Other requirements differ depending on whether you are employed or self-employed.

For employed:

- Credit card billing statement for the last two months.

- Photocopy of the latest ITR Form 2316.

- Latest one-month pay slip.

For self-employed:

- Credit card billing statement for the last three months.

- Photocopy of the latest ITR Form 1701.

- Bank statement for the last 6 months.

- Business papers like DTI/SEC registration with general information sheet.

- Audited financial statement for the last two years.

- Trade references (three major customers and three major suppliers with contact details.)

Please note that any Sterling Bank personal loan application with incomplete information and documents will not be processed. All alterations require full signature of the applicant. Upon approval, the applicant is required to issue post-dated checks for payment. Processing time is five to eight days.

Compare Online: Why choose GoBear

There are too many options for loans, and more often, there is too little information about the loan that banks offer. You can now compare details of a Sterling Bank personal loan with loans from other banks like BDO, BPI, Security Bank, Maybank and more. See a side-by-side comparison of fees, interest rates, and requirements if you compare with GoBear. The website is free and easy to use, created to help Filipinos make smarter financial decisions. Learn more about GoBear through the FAQ page.



Planning to get a Sterling Bank personal loan to pay for tuition fees? Compare personal loans with GoBear Philippines and check out the breakdown of your payment.