Consumers prefer going to banks that have strong credibility as financing partners. They want to ensure that the banks they choose and partner with are reliable and have innovative technologies for a better banking experience and competitive interest rates. China Banking Corporation is one of them, and it has been servicing Filipinos for a century.
China Banking Corporation has received the Best Bank in the Philippines Award and the Best Bond Adviser (Domestic) from The Asset Triple A Country Awards 2021.
Written by: Piggyy
HomePlus Loans
AutoPlus Loans
SalaryPlus Loan
Commercial Lending
China Bank Credit Cards
Bank services
In 1920, China Banking Corporation started its operations in the Philippines, making it one of the oldest privately-owned local commercial banks. China Bank offers a wide array of financial products and services to institutional (corporate, middle market/commercial, SMEs) and individual (retail, mass affluent, high net worth) customers, as well as thrift banking, investment banking, insurance brokerage, and bancassurance.
In 1927, China Bank was one of the first local banks listed on the Philippine Stock Exchange, and in 1969, it was the first in Southeast Asia to process deposit accounts online. In 1988, it was the first bank to offer telephone banking in the country.
Currently, China Bank has 631 branches nationwide and is complemented with electronic banking channels that provide secure and reliable 24/7 banking service: 1,026 ATMs, China Bank TellerPhone, China Bank Online, and China Bank Mobile Banking App.
China Bank’s head office address is at China Bank Building, 8745 Paseo de Roxas corner Villar Street, Makati City. Their customer contact center is also available 24/7 and can be reached at their hotline number at (632) 888-55-888, or their domestic toll-free number at 1-800-1888-5888.
Having your own home provides security and warmth like no other. For some people, the dream seems to be a little bit more elusive. But with China Bank’s HomePlus loan, the dream can now be within reach.
Availing of the HomePlus loan is not limited to the purchase of a lot/house & lot or for home construction. A borrower may also apply for a HomePlus loan for the following purposes:
Loan Amount: Will depend on the borrower’s capacity to pay
Interest Rate: Interest rates will depend upon the prevailing rates
Loan Term:
Basic Requirements
Additional Requirements
For Employed:
Certificate of Employment with Compensation and Tenure
For Professionals
Profession Information Sheet (CBC Form)
For OFWs / Non-Residents
For Sole Proprietorship
For Partnerships/ Corporations
Collateral Requirements
Additional Requirements
Purchase of Lot / House and Lot / Townhouse / Condominium or Reimbursement
House Construction / Home Renovation / Home Improvement
Refinancing
Filing Fee
Php3,500 (non-refundable)
China Bank recognizes the need for each family to travel safely and comfortably driving their own vehicle. As such, CBC offers AutoPlus Loan with the following features:
Individual Borrower (Basic Requirements)
For Employed
Certificate of Employment with Compensation and Tenure
For Self-Employed
For Foreigner
Alien Certificate of Registration
For OFWs
Corporate Borrower (Basic Requirements):
Additional Documents:
Partnership (Basic Requirements):
Additional Documents:
Requirements for Reimbursement:
Requirements for Second Hand Purchase:
Applying for a SalaryPlus Loan allows employees of accredited companies to have access to higher loan amounts to address their personal needs. With loan application approval within just two to three days, employees can have immediate access to funds. However, employers must first be accredited by China Bank before employees can avail of the SalaryPlus Loan.
Once the company has been accredited, the employees can enjoy the perks and benefits of the China Bank SalaryPlus Loan.
Loan Amount: Php15,000 to Php1,000,000
Loan Terms: 6 months to 36 months
Companies that plan to expand their operations or need extra capital for other expenditures can turn to China Bank for short-term loans.
Here are the short-term working capital loans available with China Bank:
For companies planning to expand their operations and in need of extra capital, taking a long-term loan would be a wiser option to finance the whole project.
China Bank offers the following long-term working capital loans for their business customers:
Here is the list of credit cards currently being offered by China Bank for their customers:
Types of Cards | Annual Fees | Interest Rate | |
Principal | Supplementary | ||
China Bank Prime Mastercard | Php1,500 | Waived | 2% |
China Bank Freedom MasterCard | Waived | Waived | 2% |
China Bank Platinum Mastercard | Php3,500 | Waived | 2% |
China Bank Cash Rewards Mastercard | Php299 | Waived | 2% |
China Bank World Mastercard | Php6,000 | Waived | 2% |
China Bank Wealth Mastercard | Not Indicated | Not Indicated | Not Indicated |
The following documents are required:
For Employed Applicants
For Self-Employed Applicants
Aside from the requirements above, the following documents should also be submitted:
Applying for a loan with China Bank is convenient and easy. Borrowers can check for the requirements and fill out the loan application forms beforehand, and submit them to the nearest China Bank branch. But what is even more convenient is that borrowers have the option of signing an Auto Debit Arrangement (ADA), which makes sure that a borrower will not miss a single payment on every due date.
China Bank assures all of their customers of transparency in all dealings. The bank fully discloses all the relevant charges and fees on the terms and conditions.
China Banking Corporation has a subsidiary company – China Bank Insurance Brokers, Inc. – and existing customers can pay low insurance premiums if they get any of China Bank’s financing products.
Each of the loan products that China Bank offers has its own processing time. Whenever borrowers submit loan applications, they can receive a prompt response from the loan officer about the status of their applications and fast loan processing as long as they submit complete documents.
Specifically, with the SalaryPlus loan product, China Bank can help both employers and employees in making sure that employees’ financial struggles are addressed. Employers can work with confidence with employees as the latter remain with the company because they know the employers will take care of their needs.
Borrowers need to visit any of China Bank’s branches nationwide to apply for a loan. They can download, fill out the application form, and gather the requirements before heading to the branch.
Here are the different loan application forms for the different loan products:
HomePlus Loan
AutoPlus Loan
Employees can ask for the loan application form from their Human Resources department and submit the accomplished application form together with the requirements to their Company HR or Relationship Manager.
Banking with China Bank Corporation is straightforward. This award-winning bank is one of the banks that Filipinos love because of the competitive interest rates on loan products and the fantastic promos and benefits it offers. Consumers can easily transact online through its online banking, whether it’s online shopping, bill payments, application for loans, and so much more.
Table of Contents
Table of Contents