Your all-purpose solution. Loan amount of P10,000 to P500,000 can be used to finance anything from gadgets and appliances to debts and tuition.
Your terms. Easy payment terms with your choice of 6, 12, 18, 24 or 36 months repayment.
Competitive rate. Interest rate of only 1.39% to 1.59% add-on per month.
Absolutely. No guarantor, no collateral needed.
It's easy to apply for a Personal Loan! All you need to get started are:
Qualifications: - At least 21 years old, but not more than 65 years old at loan maturity
- Filipino citizen
- Residence or office must be within GE Money Bank Servicing Area
- With residence or office landline
- At least six (6) months with current employer and must have two (2) years overall employment experience.
- At least P15,000 monthly gross income
- At least two (2) years of profitable operations in the same line of business
- At least P15,000 monthly net income
Requirements: - Completely filled out application form
- Two (2) valid IDs (Gov’t issued IDs)
- Proof of Residence (utility bills, bank/credit card statements)
- Latest BIR Form 2316
- Any one (1) of the following:
- Certificate of Employment
- One (1) month payslip
- Three (3) months payroll Bank Statement
- Latest ITR with BIR Stamp
- Two (2) years Audited Financial Statements
- SEC/DTI Certificate of Registration
- Six (6) months Bank Statements
Fees and Charges: - Processing Fee: 1,500 (to be deducted from loan proceeds)
- Documentary Stamps Tax: only for loans over P250,000, or loans for business purposes; P1 for every P200.
- Late Payment Fee: 3% on overdue amount or P500, whichever is higher
- Early Settlement Fee: 5% of remaining balance or P1,000, whichever is higher
Loan Amortization Table Equivalent to 1.39% add-on rate for 6 to 12 months, 1.49% for 18 months, and 1.59% for 24 to 36 months (Approximation of monthly amortization only)  AMORTIZATION TABLE | | | 6 months | 12 months | 18 months | 24 months | 36 months | | Loan Amount | Monthly Amortization | | 10,000 | 1,806 | 973 | 705 | 576 | 437 | | 20,000 | 3,611 | 1,945 | 1,409 | 1,151 | 874 | | 30,000 | 5,417 | 2,917 | 2,114 | 1,727 | 1,310 | | 40,000 | 7,223 | 3,889 | 2,818 | 2,303 | 1,747 | | 50,000 | 9,028 | 4,862 | 3,523 | 2,878 | 2,184 | | 60,000 | 10,834 | 5,834 | 4,227 | 3,454 | 2,621 | | 70,000 | 12,640 | 6,806 | 4,932 | 4,030 | 3,057 | | 80,000 | 14,445 | 7,779 | 5,636 | 4,605 | 3,494 | | 90,000 | 16,251 | 8,751 | 6,341 | 5,181 | 3,931 | | 100,000 | 18,057 | 9,723 | 7,046 | 5,757 | 4,368 | | 150,000 | 27,085 | 14,585 | 10,568 | 8,635 | 6,552 | | 200,000 | 36,113 | 19,447 | 14,091 | 11,513 | 8,736 | | 250,000 | 45,142 | 24,308 | 17,614 | 14,392 | 10,919 | | 300,000 | 54,170 | 29,170 | 21,137 | 17,270 | 13,103 | | 350,000 | 63,198 | 34,032 | 24,659 | 20,148 | 15,287 | | 400,000 | 72,227 | 38,893 | 28,182 | 23,027 | 17,471 | | 450,000 | 81,255 | 43,755 | 31,705 | 25,905 | 19,655 | | 500,000 | 90,283 | 48,617 | 35,228 | 28,783 | 21,839 |
*Interest and charges are subject to change without prior notice. All applications will be subject to the bank’s existing credit policies and procedures | | |
