• ChinaTrust Personal Loan

    CTBC Personal Loan

    Chinatrust Commercial Bank Corporation(CTBC) is a Taiwan based bank with prominent operations in the Philippines. Established in 1995, this universal bank is on the most recognized banking brands in the island nation. It provides a full range of banking and financial services through its well knit network of branches and subsidiaries.

    You’re probably eligible for an CTBC Personal Loan if you are

    CTBC Personal Loan Minimum Age

    At least 23 years old

    CTBC Personal Loan Maximum Age

    Less than 60 years old

    CTBC Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    CTBC Personal Loan Minimum Income

    Earn more than the minimum
    income required

    Your CTBC Personal Loan amount eligibility is based on these factors

    CTBC Personal Loan Minimum Salary

    Minimum income required
    P15000 per month

    CTBC Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is P1000000

    CTBC Personal Loan EMI

    EMIs of other loans lower
    your eligibility

    Increase your eligible CTBC Personal Loan amount by these steps

    CTBC Personal Loan Payoff Outstanding Credit Card Bills

    No Info

    CTBC Personal Loan Tenure

    Choose longer tenure loan up to 3 years

    ChinaTrust Personal Loan

    In its retail lending business, CTBC extends the facility of Personal Loans with its product known as Salary Stretch Loans for Individuals for salaried and self employed. This multipurpose loan can be availed for a variety of reasons and is offered on an unsecured basis. Personal Loan is one of the most trusted loan instruments available in the market today that can be used to fund a plethora of requirements, from vacation expenses to loan consolidation. The quantum of loan can go up to P1,000,000 with a min. amount of P20,000 that can be availed from CTBC. The bank also provides a flexible loan tenor option of up to 36 months.

    Why opt for CTBC Bank Personal Loan

    If you have a regular income either by means of salary drawn from employment or income from self employment, a Personal Loan from CTBC is the right loan for you. Since this is a tailor made loan to meet the expected standards of the employed class, it should please you with competitive features & rates that do not feel burdensome. The most outstanding aspect of the Salary Stretch loans offered by CTBC is the fact that it is one of the most accessible loans out there. An eligible aspirant with a min. income as low as P15,000 can apply for a loan under this scheme.

    Therefore, if you’re looking for quick funds at trustable benefits, opt for a CTBC Bank Salary Stretch Loan.

    Features of CTBC Bank Personal Loan

    Low Income Eligibility

    As stated earlier, this is one of the most approachable loan instruments in the market today. A Filipino with a monthly income of P15,000 for applicants in Metro Manila and P10,000 for people from other provinces makes this a humble loan scheme.

    Multi Purpose Loan

    The disbursed loan amount can be used for nearly anything under the sun as long as it's legal and acceptable. No specific questions are asked on how you would like to utilize the disbursed the principal amount.

    Loan Quantum

    CTBC provides up to P1,000,000 as the loan amount on the basis of your requirement and eligibility. Whatever the financial need be, you will never have to complain of not getting the right loan amount. The min. loan amount one can take out is P20,000.

    Flexible Loan Tenor Options

    With the CTBC Salary Stretch Personal Loans, choose a loan tenor as per your financial convenience and monthly budget. You’re free to select the loan tenor that starts at 12 months and can go up to 36 months. Payback in Equated Monthly Installments(EMI) up to the tenor chosen.

    Fast Loan Processing

    Most of the times, the need for a loan is time sensitive. Under this scheme, the loan processing and disbursal is quick and efficient. The bank takes anywhere between 24 hours to about 3 days to process, approve and release the loan amount.

    Pleasing Interest Charges

    The most primary aspect one looks for in a loan instrument is the rate of interest and its implication on the overall charges paid. Naturally, we tend to select loan from a particular bank that offers a low rate. CTBC charges a fixed interest rate of 16.68 percent per annum.

    Multi Disbursal Channels

    Generally, the approved loan amount is disbursed by crediting it directly into your bank account. With CTBC, you are free to select the mode of disbursement. By default, the loan amount is released via CTBC BANK All-Day Access Card. You can also opt for other channels such as electronic transfer to CTBC or other bank accounts or choose the receive the loan amount by check.

    Interest Rates for CTBC Bank Personal Loan

    The implication of interest charges is dependent on a multitude of factors such as the loan tenor, current rate card and other factors. At present, CTBC charges a fixed interest of 16.68 percent per annum along with 1.39 % on a monthly basis as an Add On rate.

    Employees of recognized companies may be eligible for a lower rate depending on the basis of existing offers and schemes. Since this is a salary based personal loan, do inquire with bank representatives for specific deals that can offer extended benefits.

    Types of Personal Loan offered by CTBC Bank

    The bank offers unsecured loans which means there is no collateral or surety required to secure the loan amount. The loan is processed and approved purely on the merits of your eligibility and income.

    The Salary Stretch Personal Loan from CTBC comes in two types.

    • Salary Stretch Loan For Individuals
    • Salary Stretch Loan For Corporate

    While the former is available to salaried and self employed aspirants, the latter is an exclusive corporate offer extended to employees of accredited companies. Loan repayments under the Corporate scheme are done on the basis of salary deduction.

    Corporate houses and institutions that wish to engage an exclusive personal loan program for their employees can approach the nearest branch of CTBC to inquire further about enrollment. The Salary Stretch Loan Scheme for Corporates is a great way for retaining employees and contributes towards employee satisfaction. A list of required documents is available on the official website of CTBC.

    Eligibility Criteria for CTBC Bank Personal Loan

    In order to qualify for a loan from CTBC, the following criteria has to be met. The table shows breakup of the conditions on the basis of type of employment.

    For Salaried Individuals

    • Age of the applicant should be between 23 years to 60 years(upon loan maturity)
    • Should be a Filipino citizen and should have an office landline phone
    • Employment with the current company should be for atleast an year on regular/permanent contract
    • The min. gross monthly income should be P15,000 for applicants in Metro Manila and P10,000 for all the provinces.
    • The upper age clause is relaxed to 65 years if the retirement age at the company is the same. This alteration is subject to verification.

    For Self Employed Individuals

    • Age of the applicant should be between 23 years to 60 years(upon loan maturity)
    • Must be a Filipino citizen with office landline along with mobile/home landline.
    • The min. gross monthly income should be P15,000 for applicants in Metro Manila and P10,000 for all the provinces.
    • The registered business must be in existence for at least 3 years for Trading & Services or 5 years for all other industries.
    • Should have a credit card.

    CTBC Bank Personal Loan Requirements


    •Application form, duly filled and signed

    •Latest ITR / BIR Form 2316

    •Latest payslip and photocopy of ID issued by the employer

    Self Employed

    •Application form, duly filled and signed

    •Latest BIR Form 1701 / 1702

    •Registration Certificate issued by DTI

    •Last 2 months credit card statements and 6 months bank statements.

    •Copy of 2x photo IDs issued by the government authorities

    •Photocopy of credit card

    Original copies of the above documents may be required by CTBC prior to loan disbursement.

    How to Calculate Loan Repayment for CTBC Bank Personal Loan?

    The Personal Loan Calculator available on this website helps you to easily calculate EMIs for your proposed loan with CTBC bank . As an educated customer and to understand the financials involved in this instrument, this calculator is highly recommended.

    An easy-to-use tool that works with basic inputs such as the loan amount, rate of interest, tenor and processing charge percentage. Provide the required details in the relevant fields to get a detailed amortization of the proposed loan. The intuitive graphs and tables will give you a holistic overview of the financials.

    Fees and Charges - Chinatrust Salary Stretch

    • A Processing Fee of P1,500 is applicable towards handling of paperwork and verification. This amount will be deducted from the approved loan amount before disbursal.
    • A Late Payment Fee of 5 percent of the balance outstanding is applicable as penalty if the EMI amount is not received before the due date. It is advised that the loan amount is settled at least 3 days before the due date to avoid charges. The customer can opt for the ADA(Auto Debit Arrangement) to ensure hassle free debits of the EMI amount.
    • Penalty for Early Settlement of the loan amount is waived if one month notice is given to the bank expressing your willingness to pay off the outstanding balance.

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