Philippines Savings Bank has been established in 1960 in Manila and since then has been providing numerous benefits to its customers. At the same time, Maybank is equally significant for providing variety of loans to its customers of huge amount at attractive rates of interest. With both the banks offering personal loans, it becomes essential for the person to know more about the banks, the personal loan offer structure, so as to make a fair decision to select one.
Details about PS Bank personal loan
The person is eligible to avail personal loan from PSbank if he is between the age of 21 and 54 years old, is self employed or salaries having regular income and earns a good amount to meet the minimum basics and above that. The eligibility factor that determines availing the loan is that the minimum income of the borrower needs of the P30000 every month, have other loan EMIs to be lower than the eligibility level and require maximum loan of P250000. The application process is very much easy and is not a hassle for the applicant. The interest charges of the bank on the personal loan is term loan being 1.75% (with monthly add on) and revolving loan being 2.5% per month. The tenure on the loan is 2 to 3 years.
It is a customer friendly bank that can be easily accessed without any difficulty and it has a 24/7 web channel, which further strengthens the online presence of the bank. When personal loans and banking solutions are concerned Philippines Savings bank have been termed to be the favorite, since it offers quick, simplified processes, innovative banking solutions and unparallel customer service.
Availing the personal loan is easy, since the person does not have to keep any kind of collateral and has revolving credit line. It has excellent customer centric features that make it all the more popular.
About Maybank personal loan
This bank has been regarded to be among the largest of all banks in the entire south East Asian region that offers full service commercial banking services. It boasts of having more than 79 branches in the country and provides its customers with personal loans along with wide range of financial solutions which includes debit and credit cards, deposits, remittances, investments of all types, etc.
For the person to be eligible for availing the personal loan from this bank, he needs to have better, stable and regular income by being self employed or a salaried person, and is between 21 and 55 years of age.
The person needs to have a monthly income of P18000 and is eligible to avail a maximum loan of about P1000000 and needs to have other loan EMIs to be much lower than his eligibility.
The process of documentation is very easy and is not at all a hassle. This bank has been trying to provide its very best assistance to customers, so as to help them realize their dreams. It is the fast approval procedure, documentation that is hassle free as well as turnaround time for delivering excellent customer service is what makes this bank to be a dependable one.
The repayments can be made within a time frame of 1 year, 18 months, 2 year and 3 year period.
Checking out the eligibility criteria and understanding the specific requirements can help the person to select the best bank that would offer a better personal loan.2015-12-21
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