With the many financial banking services in the Philippines, it is often difficult to find the best one to cater to your needs. Many considerations come into play and most often than not, the ease of application process, flexibility of payment terms, and favorable interest rates that attract borrowers to apply for the loan product offers of a bank.
With the financial challenges that Filipinos face daily, knowing the best loan product can determine whether they will be able to improve their quality of life or not. Others view loans as a bad type of credit because they think it will cripple them more eventually. While others view loans as a means of improving the quality of their lives.
Filipinos seeking solutions for working capital, business expansion, or other financial-related activities have a wide range of banking institutions to choose from. Those who appreciate personal base service, a stable balance of liquid assets, an appropriate and effective capital foundation, and so on may consider approaching Philtrust Bank.
Bank services
On October 16, 1916, Philtrust Bank, originally known as Philippine Trust Company (PTC), was established in the Philippines. It is considered one of the oldest privately owned banks in the Philippines and was the first in the country to offer estate administration and guardianship services. From the time it was established, Philtrust Bank now has branches in Metro Manila, and in prominent cities and municipalities nationwide.
Philtrust Bank is supervised by the Bangko Sentral ng Pilipinas (BSP) that provides a wide range of banking products and services on par with the best on the market – retail, middle-market, and corporate clients are among the Bank’s clients. In pursuit of fulfilling all these clients’ ever-changing demands amidst the threat of the global health crisis, Philtrust Bank’s extensive network of branches is made available online, coupled with deposit transactions that can be completed in near real-time. Philtrust Bank’s deposit services are available in Philippine pesos and international currencies.
Moreover, there is a variety of loan solutions available to meet the needs of individuals, entrepreneurs, and corporate entities. Philtrust Banks also offers foreign currency transactions, such as letters of credit and remittances that are available to prospective customers. Trust services such as fund management, conducting escrow arrangements, and guardianship facilities are also provided. Furthermore, the bank customers can also take advantage of various allied financial services at nearly all branches across the country.
The Philtrust Bank’s head office is currently located along United Nations Ave. cor. San Marcelino and Romualdez Sts., Manila, Philippines. It has branches throughout the National Capital Region (NCR) as well as in major cities and towns throughout the islands of Luzon, Visayas, and Mindanao. For more inquiries and concerns, the company can be reached at 852-9061 / 3498-0191.
Individuals and Businesses will be able to apply for a loan with Philtrust Bank for different purposes which may include, but are not limited, to the following:
Their credit facilities can also include financing for different types of business loans depending on the requirements of the borrowers.
To be approved of a loan – be it for personal or business requirements, the following requirements must be completely submitted to Philtrust Bank:
Appraisal
Once the above requirements are met, the loan applicant must secure real estate collateral for the loan application. The collateral details are shown below:
Real Estate Collateral
Appraisal
Mortgage Registration
Assignment of Deposit
Original Certificate of Deposit of Philtrust Bank
Acceptable Collaterals
This includes the following:
Need to visit branches to complete the loan application process.
The following are the reasons why Philtrust Bank is by far the most trusted banking institution in the Philippines:
Philtrust BankOnline is Philtrust Bank’s internet banking channel, which allows users to access their Philtrust Accounts and complete banking activities through a secure browser-based internet application. Through Philtrust BankOnline, users can check their accounts, pay their bills, send/receive money, and many more without having to deal with all the hassles outside.
However, such convenience is only available to individual retail clients of Philtrust Bank who have a Peso or Dollar account savings or current/checking account.
Philtrust Bank provides a wide range of products and services to both the general public and businesses, with coverage for both domestic and international customers. Philtrust Bank has domestic services such as checking accounts, time deposits, money market placements, personal and business loans, fund transfer and collection, remittances, securities investments, and safety deposit services.
The bank also offers commercial letters of credit, collections, remittances, foreign exchange, traveler’s checks, and Foreign Currency Deposit Unit (FCDU) transactions for international transactions. Furthermore, trust placement, investment management, estate administration/trustee of bond issuance, administration of savings and pension plans, insurance trust, and acting as escrow agent, stock registrar, and transfer agent are all part of the Philtrust Bank’s Trust operations.
Apart from access to online banking that Philtrust offers, the bank has operated 60 branches and 72 automated teller machines in the Philippines as of December 2020. The company has also included a branch locator on its website to serve as a directory guide to assist its users and prospective clients in locating the nearest branch to them.
Further, Philtrust Bank provides a mortgage calculator so its customers who are interested to apply may have an idea of the expected amount and schedule of their monthly payments.
Philtrust Bank, as one of the country’s oldest private universal banks, commits to continue to deliver reliable and excellent services to Filipinos throughout the country.
Filipinos can also be confident that the bank values its customers above anything else and is dedicated to protecting their personal information. Since the bank has started to use online banking to make it easier for its customers to monitor their accounts and complete banking transactions, Philtrust Bank has included some guidelines on its website to help its users avoid cyberattacks and scammers. Furthermore, the bank has received its inaugural BancNet Award for having the highest average completion rate of 99.64 percent over the same 5-year period.
This simply goes to show that Philtrust Bank can be trusted, genuinely cares about its clients’ well-being, and is committed to providing secure online banking – which is something extremely crucial in this day and age.
For borrowers who wish to apply for a loan with Philtrust Bank, they will have to visit the branch closest to them along with the complete requirements. They may also call the hotline number of Philtrust Bank at 8524-9061 or 3498-0191.
As a start, borrowers can use the mortgage calculator to be able to have an idea of how much amortization they will have to pay should they be approved of a loan.
Considering a partnership with Philtrust Bank may be the greatest alternative for the Filipino in search of a reputable and trusted financial partner. The Bank’s over a century of experience is proof that it could withstand the test of time and continue to provide Filipinos with the best products and services for their respective needs.
Philtrust Bank has truly earned a reputation for integrity and reliability, as well as the devotion and confidence of the business community and the general public – thanks to its dedication to providing banking services to this community regardless of the circumstances. With financial products and services that cater to the needs of individuals and businesses, their financial goals will surely be addressed.
This kind of banking service is what has drawn, and continues to draw Filipinos to Philtrust. Others who have not tried banking with Philtrust yet are indeed missing the opportunities and services the Bank has in store for them.
״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates
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״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates
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״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates
