Wednesday, January 5, 2011

Sterling Bank Loan (WPL)


Women’s Personal Loan (new product variant)


Target Market             : Female

Loanable Amount       : Twice monthly gross salary / P10,000 – P50,000

Loan Term                   :  3 months – 18 months  If renting (residence) , maximum term of 12mos

Add On Rate              :  2.00% per month

Loan Purpose              : Multi-Purpose

Repayment mode        : Post Dated Cheques

Proceeds                      : Cash Card ( Shop N Pay)

Processing fee             : loan amount of P10,000 - P20,000 = P800
                                         loan amount of P21,000 - P30,000 = P1,200
                                         loan amount of P31,000 – P50,000 = P1,500
                                   
Eligible borrowers         : Filipino citizen
                                        : Salaried
                                        : Self – employed

Age                                 :  21-50 years old

Co – maker                    : No Co-maker


Income Capacity            : commissions will not be counted as part of income.
                                         : minimum gross monthly income should be P8,000.


Employment Status        : Permanent and regular
: at least one (1) year work tenure.

·         for self – employed, business must be operational for at  least 3 years.


Credit Standing                  : CMAP / NFIS checking
-     All findings that is addressed to the same borrower must have a certificate that will justify the adverse findings.


Other Terms and Conditions:

1. If house is rented, borrower must at least be  renting  at the same  address for one year.  

The borrower must declare its landlord’s name and contact number.


Requirements:
            For EMPLOYED/SALARIED:
1.      Completely filled up loan application form.
2.      1 gov’t ID and 1 company ID
3.      Latest 1 month payslip
4.      Latest form 2316 / ITR
5.      Latest 3 months credit card SOA
- a good basis for a faster approval if  the borrower shows good paying habits.
6.      Latesr 1 month utility bill (Meralco, PLDT, Globe, Smart, etc.)
7.      Two (2) character references



Requirements:
For SELF-EMPLOYED:
1.      Completely filled up loan application form.
2.      1 gov’t ID and 1 company ID
3.      Business Permit
4.      Latest form 1701 / ITR
5.      Bank statement (latest 4 months)
6.      Latest 3 months credit card SOA
-  a good basis for a faster approval if  the borrower shows good paying habits.
7.      Latesr 1 month utility bill (Meralco, PLDT, Globe, Smart, etc.
8.      Two (2) character references


PERSONAL DATA / RESIDENCE AND NEIGHBORHOOD CHECKINGS (PDRN):

* PDRN / Field visit may be assigned if the credit officer cannot verify the residence / business of the borrower. The bank will release the proceeds after the receipt of the C.I. report from the Credit Dept..
           

 
For Immediate Assessment and Fast Processing of your Loan Application:


FILLED-OUT the VIR2ALBANKING ONLINE-FORM by visiting the link below




 or

copy paste the link


http://www.vclubinternational.com/vir2albanking



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