• Sterling Bank of Asia Personal Loan

    Sterling Bank of Asia Personal Loan

    With a strong emphasis placed on creating a unique banking experience, Sterling Bank of Asia is one of the foremost banks in the Philippines. Sterling Bank of Asia believes in the strength of an impeccable sales culture and offers various services and products that benefits entrepreneurs, professionals and others looking for the best in banking experiences.


    You’re probably eligible for an Sterling Bank of Asia Personal Loan if you are

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    Sterling Bank of Asia Personal Loan Minimum Age

    At least 21 years old

    Sterling Bank of Asia Personal Loan Maximum Age

    Less than 60 years old

    Sterling Bank of Asia Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    Sterling Bank of Asia Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Sterling Bank of Asia Personal Loan amount eligibility is based on these factors

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    Sterling Bank of Asia Personal Loan Minimum Salary

    Minimum income required
    P30000 per month

    Sterling Bank of Asia Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is P1000000

    Sterling Bank of Asia Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Sterling Bank of Asia Personal Loan amount by these steps

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    Sterling Bank of Asia Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Sterling Bank of Asia Personal Loan Tenure

    Choose longer tenure loan up to 3 years


    Documentation needed to apply for Sterling Bank of Asia Personal Loan

    • 1.Fully filled in application form
    • 2.Documentation for salaried applicants: (Anyone)
      • Photocopy of latest pay slip
      • company ID and one Government ID
      • Latest BIR form 2316 with full signature
    • 3. Documentation for self Employed applicants:
      • Business Permit
      • Photocopy of latest 6 months Bank Statements
      • Photocopy of DTI registration or SEC
      • years ITR with Audited Financial Statement

    Sterling Bank of Asia Personal Loan DetailsUpdated on 06 Dec 2016

    Sterling Bank of Asia Personal Loan Details
    Tenure 1 - 3 years

    Sterling Bank of Asia Personal Loan – An Overview

    Sterling Bank of Asia also offers Personal loans at economical interest rates, flexible repayment tenures among other benefits. These loans are intended for those looking to finance various needs such as tuition fee, funds for business, vacation, renovation or any other immediate concerns. Personal loans can either be of secured or unsecured type. A collateral or guarantor is required for secured loans and unsecured loans do not require them.

    Why opt for a Sterling Bank of Asia Personal Loan?

    Personal loans are perhaps the most popular of loans that customers prefer to avail. This is due to the fact that personal loans can be used to finance various requirements and is not restricted to a particular purpose such as home and auto loans. However, customers do worry about the lack of adequate financing provided by banks or about the rate of interest. Sterling Bank of Asia however provides loans with a quantum of up to P1 million at competitive interest rates. In addition to this, loan tenures are also fIexible without the need for a collateral. Repayment of loan can be done through post dated cheques and an account with Sterling Bank of Asia is also necessary. In short, Personal Loans by Sterling Bank of Asia is highly convenient and easy to procure and therefore is the perfect choice for those looking to avail personal loans.

    Features of Sterling Bank of Asia Personal Loan

    High Loan Quantum

    Personal loans are procured for financing various needs of the customer such as expensive purchases, tuition, vacation, pay off credit card bills and other needs that require immediate financing. Therefore, adequate finance amount has to be provided by banks. Sterling Bank of Asia provides a loan quantum between P50,000 to P1 million to customers as part of their Personal Loan requirements.

    Flexible tenure

    Flexible loan repayment tenures ensure that customers have adequate time to repay the loan along with the predetermined interest rate. Keeping this in mind, Sterling Bank of Asia offers a loan repayment tenure of up to 36 months or 3 years to all their customers who procure personal loans.

    Economical Interest Rates

    Low interest rates are the deal clincher for any customer looking to avail loans. Hence, SterIing Bank of Asia offers a fixed interest rate of 17.40% per year. Customers can also visit their nearest Sterling Bank of Asia branch and enquire about other offers and more details regarding the same.

    Fast Approvals

    No customer wants to go through the hassle of extensive documentation and drawn out processes to procure a loan. Sterling Bank of Asia enables quick loans of a maximum of 48 hours.

    Interest Rate for Sterling Bank of Asia Personal Loans

    Interest rates is the primary concern for customers looking to avail personal loans. This is because the rate of interest determines the repayment amount and higher the interest rate, higher is the amount to be repaid. Sterling Bank of Asia offers a rate of interest of 17.40% per year which is highly economical and makes this a highly sought after loan. Further details can be sought by visiting any of the Sterling Bank of Asia branches in the Philippines.

    Types of Personal Loans offered by Sterling Bank of Asia

    Sterling Bank of Asia offers unsecured personal loans to its customers. These are personal loans wherein a collateral or guarantor is not required by the banks and the loan is availed on the basis of the income and age of the applicant.

    Eligibility Criteria for Sterling Bank of Asia Personal Loans

    Salaried Employees

    •Must be a citizen of the Philippines

    •Should be between 21 to 60 years of age

    •Should earn a minimum monthly gross salary of P30,000

    •Should have a landline at home and office

    •There should not be any adverse credit findings

    •In case the customer is renting then should be a resident for at least a year

    •Should be an employee at the current company for at least 2 years and if he/she is working in a call centre back room or a BPO or in a manufacturing company then 3 years

    Self-employed citizens

    •Must be a citizen of the Philippines

    •Should be between 21 to 60 years of age

    •Should earn a minimum monthly gross salary of P30,000

    •Should have a landline at home and office

    •There should not be any adverse credit findings

    •In case the customer is renting then should be a resident for at least a year

    •Business should be operational for at least 3 years and in profit for the previous 2 years

    Documents required for Sterling Bank of Asia Personal loans

    Applicant must provide the complete filled application forms and the following documents in order to avail a Personal Loan from Sterling Bank of Asia -

    Salaried Employees

    •A copy of one month’s payslip (the latest)

    •Most recent BIR form 2316 with complete signature

    •a photocopy of the ID of the company

    •a photocopy of 1 government ID

    •Most recent credit card statements (2 months) if the customer possess it

    •For selected companies, certificate of employment

    Self-employed citizens

    •Business permit

    •DTI or SEC registration w/ General Information Sheet

    •Bank statements for the past 6 months

    •Audited Financial Statement with 2 years ITR

    •Trade references of 3 customers and 3 suppliers along with contact details

    How to calculate loan repayment for Sterling Bank of Asia Personal Loan?

    Personal loans can be used to finance a variety of needs and on an immediate basis which is why personal loans are quite popular. However after procuring the loan, it is necessary to understand the amount that is going to be paid and all the financial implications that are part and parcel of a loan repayment. Queries pertaining to EMI and amortization schedules are quite common.

    Customers can refer to the Personal Loan Repayment Calculator available on this site to find out information related to their amortization schedules. By just providing the basic information regarding the loan amount, interest rate and tenure and the calculator will automatically compute and provide the results.

    Fees and Charges

    Finance Quantum P 50,000 to P1 million
    Repayment Tenure 12 months to 36 months
    Disbursement Fee N/A
    Stamp Duty If loan amount is over P250,000 then P1 is charged for every P200.
    Account Maintenance Fee N/A
    Late Payment Charge 5% per year or P300, whichever is the higher amount

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