PBCOM Personal loans – Terms, Features and how to apply

PBCom Personal Loan

People need a personal loan for different purposes and it could be to pay for your child’s college tuition, fund an important family occasion like weddings or a family summer vacation, or maybe start their dream business. 

With PBCom, borrowers will be able to enjoy the following benefits:

• Get fast loan approval. 
• Avail of low-interest rates on loans. 
• Enjoy flexible payment terms. 

Personal Loan Features

PBCOM offers the best deals to applicants who need additional funding for their family vacation, house renovation, dream wedding, for their child’s education, and many other reasons.

Loan Amount: Php40,000 to Php1,000,000

Loan Term: 12 months to 36 months

Interest Rate: 1.68% per month

Other Fees and Charges

• Processing Fee: PHP 2500 Deducted from loan proceeds or paid over the counter
• Documentary Stamp: PHP 1.50 for every Php 200 of the loan amount or a fraction thereof
• Late Payment Fee: PHP 500 or 3% of installment amount due, whichever is higher 
• Returned Check Fee: PHP 1,000 per check
• Closure Handling Fee: PHP 800 or 5% of the Total Outstanding Balance, whichever is higher
• Manager’s Check: PHP 50

Eligibility

• 25 to 65 years old (applicant must not be more than 65 years old upon loan maturity)
• Filipino citizen or foreign citizen residing in the Philippines
• Salaried or self-employed individuals
• With a minimum monthly income of Php 35,000 for salaried and self-employed individuals

General Requirements

• Original completely filled-out signed Application Form
• Photocopy of 1 Valid ID (government-issued ID)
• Photocopy of Proof of Billing Address under the name of the borrower, e.g. utility bill
• Any copy of the following legal documents allowing a stay in the Philippines if foreigner but a local resident:
  • Visa
  • Alien Certificate of Registration
• Proof of Income
  • Certification of Employment with compensation or latest three (3) months’ payslips upon loan application

Application Process

A personal loan can be done online at their loan application portal with these three easy steps:

1. Fill out the Personal Loan Application Form and click Submit.
2. An email confirmation is to be sent to your registered email.
3. Expect a call from their customer care representative within three (3) days from the date of submission.

Conclusion

PBCOM’s loan application has been made easy by applying through their website, other than through branch applications. Borrowers can get fast loan approval, flexible payment terms, favorable interest rates, and a few easy requirements. When it comes to gaining access to affordable financing, PBCom is an excellent choice for many Filipinos to help them reach their financial goals and start making a reality the dreams they have always aspired for.