Filipinos face different circumstances that would require them to reach out to different financial institutions to address their pressing concerns. A lot of times, the process of having to acquire loans from banks fills them with dread because they know that it will not be simple. However, with the rise of commercial banks such as the Robinsons Bank, Filipinos are more assured that they will be able to have access to loan products that are not only simple to apply for but will also be affordable to them.
Bank services
The Robinsons Bank is a Commercial Bank legally operating in the Philippines and regulated by the Bangko Sentral ng Pilipinas (BSP), with an aim to continually address the changing needs of the Filipino people. It is considered one of the biggest banks in the country in terms of its asset size and capitalization.
JG Summit Capital Services Corp. owns 60% of Robinsons Bank while the other 40% is owned by Robinsons Retails Holdings, Inc. It was in 1997 when Robinsons Bank was first established as a savings bank and has a capital of $512 million and had only 1 branch. From a single branch, the bank has grown and acquired several other banks such as ABN Amro, Royal Bank of Scotland Philippines, and Legazpi Savings Bank, and now has 168 total branches nationwide.
Their over 20 years of presence in the Philippine Banking industry has made it possible for Filipinos to have access to financial services that are not only innovative but are also easy to apply for and affordable.
The head office of Robinsons Bank will be located at Galleria Corporate Center, Epifanio de los Santos Ave, Ortigas Center, Quezon City, 1110 Metro Manila. For customer service inquiries and other concerns, they may be contacted through the following:
Customer Care Center: (+632) 8637-CARE (2273)
Email: [email protected]
Toll-Free Number: 1-800-10-8637-CARE (2273)
Robinsons Bank offers loans to both consumers and businesses. Currently, they offer Car Loans, Housing Loans, and Motorcycle Loans for their Consumers. They also offer Small Biz loans and Corporate Salary loans to their Corporate customers.
With the daily traffic taking its toll on commuters, having to drive your own car has become imperative to ensure not just you and your family’s safety, but also to be able to conveniently and comfortably travel from one place to the next.
Those who are looking for a car loan will be able to apply for one if they are in need of a brand new car, purchase a used vehicle, or use their existing vehicle for financing.
Loan Amount:
Down Payment: 20% of the SRP
Loan Terms:
To determine whether the borrower is eligible to apply for a car loan, the following criteria need to be met:
The following documents need to be submitted upon loan application:
Basic Requirements
Additional Requirements:
Locally Employed:
Self-Employed:
Partnership / Corporation:
OFW:
Sea-Based:
Land-Based:
Robinsons Bank understands that the dream of many Filipinos is to be able to become homeowners someday. This is made possible through the Housing Loan. Those who wish to purchase a house & lot, vacant lot, condominium unit, or a townhouse can do so through Robinsons Bank. Not only that, those who wish to renovate their homes, apply for refinancing or loan take-out, or apply for a Home Equity Loan are welcome.
Loan Amount:
Accredited Developers – up to 90% of the Total Contract Price (TCP)
Non-Accredited Developers – up to 80% of the appraised value
Loan Term:
Locally Employed: up to 20 years
OFW & Self-Employed: up to 15 years
To apply for a Housing Loan, only the following criteria has to be met by the loan applicant:
Basic Requirements
Locally Employed
Self-Employed / Self-Employed Professionals
Overseas Filipino Workers
The solution that most Filipinos have come up with to beat the traffic in the city is traveling by Motorcycle, which is essentially ideally for those who travel by themselves or travel with only 1 passenger. It is cost and fuel-efficient and reduces the overall travel time of a person. Robinsons Bank offers one of the most affordable solutions for those who cannot afford to pay for a motorcycle in cash – the Motorcycle Loan.
Those who want to apply for a Motorcycle Loan will be able to if they wish to acquire a brand new unit or purchase a second-hand motorcycle.
To apply for a Motorcycle Loan, these are the criteria that the loan applicant must first meet:
The requirements will be the same as that of a car loan listed above.
Small businesses that thrive in competitive markets have the capacity to grow their businesses. The challenge that most small businesses face in the country today is coming up with the needed capital requirements to grow their operations.
Under Robinsons Bank, small businesses have the option for applying for a Small Biz Loan to address the company’s needs such as Additional working capital requirements/purchase of inventories, Loan take-out from other banks, Business Expansion, Acquisition of land or property, Purchase of machinery and equipment, Start-up business (Franchising).
Loan Amount: Php500,000 to Php20,000,000
Loan Term: 1 year to 10 years
Credit Line Facility: 1 year
To qualify for a Small Biz Loan, the borrower must meet the following eligibility requirements:
Employed Individual
Permanent/Regular employee for at least one (1) year with the current employer and continuity of employment is at least three (3) years.
Sole-proprietorship, Partnership, Corporation
Operating for more than 3 years and latest 3 years should be profitable
The following are the documents that need to be submitted upon loan application, depending on the type of the borrower:
Employed Individual
Sole Proprietorship, Partnership, or Corporation
Companies that offer easy financing options for their employees ensure that their employees are well taken care of in case emergencies arise. Not only that, a product such as the Salary Loan Program offers affordable rates and easy payment terms to employees of accredited companies nationwide.
To be accredited, the company must pass the following criteria:
The following requirements must also be submitted prior to the approval of the accreditation and after the accreditation:
Pre Accreditation
Post Accreditation
Choosing Robinsons Bank among other financial institutions poses more advantages for the borrower and that includes the following:
When applying for a loan with Robinsons Bank, borrowers will be surprised to know that the documentation is very simple and does not require complicated documents to be able to be approved for a loan. In addition to that, loan applicants have the option of applying for a loan online thereby saving the process it will take for them to complete the process.
However, it must also be noted that not all products can be applied online. Business Loans need to be applied for at the branch and will require additional requirements.
With 168 branches nationwide, it makes it easier for people to bank with them. Having their branches strategically placed in all of the islands in the country, those who have no access to banking will be able to have the opportunity to bank with Robinsons Bank. This will also help people to apply for loan products easily when that does not have an online option.
With a dedicated customer care center, Robinsons Bank ensures that their customers are able to experience excellent customer service and always have people take care of their needs and respond to their inquiries.
Applying for a loan can be done through any of their branches, or it can also be initiated online. For those who prefer to interact with Robinsons Bank’s personnel, borrowers can simply visit the branch and bring all the complete documents with them.
For online loan applications – Car Loan, Housing Loan, and Motorcycle Loan, follow these simple steps:
Visit the Robinsons Bank website and click on Personal. You will be able to see the options under Personal. Click on Loan.
Select the type of loan that you wish to apply for. The details required will depend on the type of loan being applied for. For the purposes of this example, we will show the process of applying for a car loan.
Click on Apply Now located on the left side of the screen.
You will be directed to the loan application form. Fill in all the required details to complete the process such as personal information, source of income, employment details, etc.
Finally, read carefully the Terms and Conditions and then click on Submit.
Once submitted, wait for the call from Robinsons Bank for the verification and to provide instructions for the next steps to be taken.
Business Loans such as the Small Biz Loan and Salary Loan Program are to be applied for at any of the Robinsons Bank branches nearest the loan applicant.
The financing products of Robinsons Bank allow Filipinos to have access to affordable loans that offers flexibility when it comes to repayments. With people already struggling to makes ends meet or take care of their financial goals, having a bank that is committed to making it easy for borrowers to be approved of a loan will exponentially help.
״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates
Table of Contents
Share this article:
״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates
Table of Contents
Share this article:
״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates
