Need cash today? You can now apply for a bank loan online at your convenience. Many banks in the Philippines are offering online loan application for personal, car, housing and business loans.
Types of Loan
There are various types of loans available in banks. Depending on your needs, the available services may require different types of documents. Some of the most common ones include:
Personal or Salary Loan
Housing Loan
Auto Loan (car loan)
Business Loan
Basic Requirements of Bank Loans
Banks have their respective requirements when it comes to loan application approval. First, you have to meet the qualifications before you can apply. Second, you also need to submit different documents so they can process your request.
Qualifications for Loan
Must be at least 21 years old
Filipino citizen (foreign nationals may also apply)
Resident of the Philippines
Has existing contact numbers
Requirements for Bank Loan Application
Payslip
Proof of Identity (ID, billing statement)
Income Tax Return
Banks With Online Loan Application
Most banks today have their bank loan application online. You can easily fill out the forms and submit the requirements. Some of them may need an extra step when you submit your application.
Asia United Bank
Both salary loan and home loan are available at AUB. The bank offers competitive interest rates so you can pay your dues on time. There is also an option to apply for an online loan through the AUB mobile app.
Apply for an AUB loan online.
BDO
Banco De Oro offers an extensive line up of loans. You can apply for a personal, car or housing loan. The usual requirements include but not limited to having a stable source of income, at least 21 years old and proof of income and identification.
You can easily apply for a BDO loan online today.
BPI
BPI is flexible when it comes to loan offering. You can select among the personal, car or housing loans depending on your needs. They also have the Ka-Negosyo loan which is considered for business purposes.
See the form for BPI loan application online today.
Metrobank
Need a new home? Metrobank may just be the right bank to approve your home loan application. You can also apply for various loan types such as personal, business or car loan.
Use the Metrobank loan application online to get started.
Low Interest Rates
Most banks have different interest rates based on the type of loan. You may incur a lower interest rate if your initial downpayment is higher or if your term is shorter. Inquire about the latest rates from your preferred bank.
Status of Application
It may take a few days before you can hear from the bank. Your loan application will be processed based on your credentials, documents and background check. You may request for an update about your loan application status by calling your bank.
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