EXPRESS LOAN

A personal loan granted to government/ private employees and pensioners to support them in their financial needs where their ATM Card is held as collateral.

TARGET MARKET

  • Pensioners
  • Government
  • Quasi-Government
  • Private Office Employees

INTEREST RATE

          Avail for as LOW as 1.7% per month, diminishing

CLIENT ELIGIBILITY CRITERIA

 (Government, Quasi-Government and Private Office Employees)

  1. Legal age ranging 21 to 65 years old and must be in good health;
  2. Must be a regular employee for at least 1 year;
  3. Permanent resident of at least 2 years in their declared residency; and
  4. Remuneration is directly deposited to ATM card
  5. PNP, BJMP, & BFP applicants are only qualified if they are not more than 19 years in service or 55 years old whichever comes first at the time of application, exit age at 20 years in service
  6. Net take home pay of P500.00 pesos after our deduction.
  7. Allowable monthly amortization must not be more than P9,500.00 for PNP and not more than P3,000.00 for BJMP/BFP clients.
  8. Certificate of No Pending Case is required at least one (1) month prior to loan application.

(Pensioners)

  1. Legal age ranging 21 to 74 years old; exit age is 75 and must be in good health;
  2. A permanent resident of at least 2 years in their declared residency
  3. Annuity is directly deposited to ATM card
  4. Beneficiaries of the pensioners who are recipient of the pensions from their spouse/parents
  5. Net take home pay of P500 pesos after our deduction

REQUIREMENTS

 

For Employees of Private Offices and Government Agencies

  1. 3 months prior  Payroll (3 succeeding months including current month)
  2. Appointment
  3. Certificate of Employment
  4. Statement of Account/Bank Statement of at least 3 prior months
  5. 3 pcs. 2x2 picture latest (6 months)
  6. Valid ID (e.g. company ID, GSIS, etc.) and Cedula (with 3 specimen signatures)
  7. 2 Co-makers
  8. For PNP: Certificate  from City Internal Affairs , Provincial Internal Affairs, or Regional Internal Affair
  9. Latest Bank Statement with entries of the same amount as the payslip submitted or the snapshot of his LBP payroll account. Otherwise, LBP verification must be conducted.

For Pensioners/Beneficiaries

  1. Pension Certificate
  2. Statement of Account/bank statement of at least 3 prior months
  3. 3 pcs. 2x2 picture latest (6 months)
  4. Valid ID (e.g. company ID, GSIS, etc.) and Cedula (with 3 specimen signatures)
  5. 2 Co-makers
  6. Annual Confirmation of Pensioners (ACOP) or Annual Pensioners Information an Revalidation (APIR) for GSIS Pensioner Clients