Minimum loan amount
Minimum annual income
PSBank goes beyond transactions and makes sure you are priority number one with its personal loan’s unique benefits. Have the freedom to pay for your dues whenever you want and receive cash back through its loan rebate program.
|Age||22 to 54 years old|
|Minimum Annual Income||P180,000|
|Credit Card||Not Required|
|Valid TIN / SSS / GSIS or UMID number|
|Valid TIN / SSS / GSIS or UMID number|
|Audited Financial Statements|
|Late payment Fee||Free|
Is this the right product for you?
Checkout the other personal loan listing.
Personal loans can be intimidating to some people because of its stringent requirements and payment systems. Expect the opposite with the PSBank Flexi Personal Loan. Find out more in this short review.
Whether it’s manifesting your goals today or facing your money problems tomorrow, your PSBank Personal Loan will help you fulfill your needs. With loan amounts ranging from ₱20,000 to ₱250,000, you can use the money for grand plans like traveling the world, simple ones like buying high-ticket appliances for your home makeover, or emergencies like hospital bills and debt payments.
Another great thing about the PSBank Flexi Personal Loan is its revolving credit option and loan rebate program. Aside from the fixed-term loan, revolving credit is another type of credit that doesn’t have a fixed number of payments. Simply put, you have the power to pay whenever you want within the loan period, unlike the fixed term loan that requires you to make fixed monthly payments.
The loan rebate program rewards you for being an outstanding loanee as reflected in your payments. For every advance payment or payment made in excess of the required amount on the due date, you’ll receive rebates or savings every day from the day the payment was posted up to a day before the next due date.
Below are other common reasons for getting a PSBank Flexi Personal Loan:
Before applying for a loan, you need to meet the following PSBank Flexi Personal Loan eligibility criteria:
PSBank has an online personal loan calculator that you can use to check which repayment term for your target loan amount will work best for your budget.
Note: The resulting figures of your calculation are just estimates. They’re subject to change. Remember that your actual amortizations will reflect in the loan disclosure statement.
Here are some sample computations for the most common loan amounts for a fixed-term loan:
Loan amount: ₱20,000 to ₱250,000
Loan terms: 24 or 36 months
Monthly interest rate: 1.75% for term loan; 2.5% for revolving loan
Annual contractual rate/effective interest rate: for term loan - 42.88% for 24 months, 41.29% for 36 months; for revolving loan - 34.49% for 12 months
Late payment penalty fee: 5% of the amount due every month
Processing fee: ₱1,500
Minimal requirements: No collateral fee and no pre-termination fee
A revolving credit line allows you to pay without a fixed number of payments, unlike a fixed-term loan that requires you to pay a fixed amount on a certain day every month. If you’ll opt for the revolving credit line, here are your payment options:
Total amount due for the loan
Minimum amount due
Any amount higher than the minimum amount due
PSBank Personal Loan’s rebate program rewards borrowers who pay in advance or excess. Just pay 5 days before your due date or more than the minimum due to earn rebates daily from the day your payment was posted up to a day before your next due date.
You can borrow as low as ₱20,000 and as high as ₱250,000.
Only a processing fee of ₱1,500 will be deducted from your loan proceeds. Other fees will depend on what will happen during your loan periods such as late payment fees and card replacement fees. Pre-termination charges are free.
There’s no need for a PSBank account to apply for a loan but you’ll receive an ATM card to withdraw your funds from PSBank ATMs. You can also use your ATM to pay for purchases at MegaLink, Bancnet, and ExpressNet-affiliated stores.
You can call PSBank’s Customer Experience at (+632) 7944-1590, (+632)8845-8888, or (0917) 813-8330, chat with them through PSBank LiveChat at https://www.psbank.com.ph to follow up on your application.
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