PSBank Personal Loans

What is PSBank Flexi Personal Loan with Prime Rebate?

The unique feature of the PSBank Flexi Personal Loan with Prime Rebate is that it helps borrowers hit two birds with one stone: a fixed-term loan and a revolving credit line. A fixed-term loan is a lump sum amount that borrowers can pay over a fixed period, while a revolving credit line the amount of credit will increase or decrease depending on the usage and repayment of the borrower. 

PSBank Flexi Personal Loan allows borrowers to avail a personal loan with a quick and simple application process. 

Repaying the loan is also a hassle-free process with PSBank offering its loan rebate program. This way, borrowers are allowed to pay their personal loan in advance or have an excess which, as a result, will help them earn rebates or savings. 

Personal Loan Features

Loan Amounts: Php 20,000 to Php 250,000 

Loan Term: 24 months or 36 months

Interest Rate: 

• Term Loan: Effective Interest Rate P.A. of 42.88% for 24 months and  41.29% for 36 months
• Revolving Credit: Effective Interest Rate P.A. of 34.49% for 12 months

Eligibility

• At least 22 years old and not more than 54 years old at the time of personal loan application
• Must be a Filipino citizen residing in the country
• If employed: must be permanently employed for at least two (2) years and working for one (1) year term under the current employer
• If employed: must have at least Php 15,000 gross monthly income
• If self-employed: must have at least Php 30,000 gross monthly income
• If an entrepreneur or a business partner, business should be operational with regular profit for the last three (3) years.
• With registered landline or mobile number in residence or workplace and email address
• Preferably, with an existing and active credit card
• With good credit history

Requirements

1. Filled out PSBank Personal Loans application form
2. Photocopy of one (1) valid identification card. Either a company ID, PRC, SSS, GSIS, Driver’s License, Firearms License, Integrated Bar of the Philippines, TIN, Passport, or NBI Clearance
3. For employed applicants: a photocopy of BIR form 2316 or form 2306.
4. For self-employed applicants: a photocopy of BIR form 1701 and Auditor’s Report and Financial Statement with BIR stamp.
5. For credit card holders: original copy of the existing credit card bill statement which indicates that the client is the principal cardholder.

Repayment Options

• Over-the-counter at any nationwide branch of PSBank
• PSBank online or mobile for borrowers with duly registered and existing PSBank accounts
• Any nationwide BancNet ATMs or BancNet online
• Via InstaPay
• Via GCash
• Client-initiated deduction or debit from PSBank deposit account
• Over-the-counter at any 7-Eleven store

How to Apply for PSBank Personal Loans?

To avail a PSBank Personal Loan, borrowers can follow these simple application steps:

1. Visit the website of PSBank.
2. Fill out the application form with your complete personal information.
3. Click the ‘Submit’ button and wait for the potential approval within three (3) days.

Conclusion

With its exclusive personal loan program, PSBank gives its clients a rewarding service where they can receive quick cash without going through a rigid process. Only minimal qualifications are also required to access this kind of personal loan which makes everything convenient thereby encouraging borrowers to decide quickly on their application.