With Filipinos facing different challenges each day, it is comforting to know that there are banks out there that can help them meet their obligations, reach personal goals, or grow their businesses without worrying about their working capital.
Sterling Bank of Asia has been in the Philippine market for over 10 years and is committed to serving Filipinos’ financial needs.
Written by: Big Piggyy
Personal Loan
Home Loan
Auto Loan
Business Loans
For Corporate / Partnership
Salary Loan
Seafarer’s Loan
Bank services
Sterling Bank of Asia is an award-winning bank that started in March of 2007 as a Savings Bank established to provide accessible financial solutions and banking services to Filipinos in the commercial and retail market segments. They are guided by their three principles in banking – sincere, committed, and dependable.
Over 47 branches nationwide located in critical areas and cities make it more accessible for Filipinos to experience outstanding banking experience.
Their main office is located at Sterling Bank Corporate Center, 8004 Ortigas Avenue, Greenhills, 1500, San Juan City, Philippines, and their office hours are from Mondays to Fridays, 8:30 AM to 5:30 PM.
For customer service concerns, they can be reached,24/7 from Monday to Saturday, through:
Sterling Bank of Asia offers loan products to individuals and businesses looking at financing to reach their personal goals, meet due to payments before the salary dates, or focus on growing their business.
Every person will need something extra to cross out their goals and face financial roadblocks. So for each person that needs to reach their financial goals, take care of past and existing debts, or simply cross out something that they have long wanted to do, this is the loan for you.
Employed | Self Employed |
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Owning your own home always feels great rather than renting because you have a place to call your own home – a place where you get to keep memories and watch your children grow. Although buying your own home can be expensive, Sterling Bank Asia makes it possible with flexible home loans that ordinary working-class Filipinos can afford.
Employed Locally | Self Employed | Employed Overseas |
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Having your own vehicle provides comfort that public transport may not be able to provide and it also allows you to go to places without having to depend on public transportation to get you there. Nowadays, having your own ride has become more of a necessity, especially when you have a growing family.
Applying for an auto loan is fast and simple and you might be able to get your new vehicle faster than you think.
For Individuals
Employed Locally | If Self Employed / Sole Proprietor | Employed Overseas | Self Employed / Sole Proprietor |
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Additional Requirements for a Second-Hand Vehicle
For Corporate / Partnership
Additional Requirements for Second Hand Vehicle
Some needs are so urgent that they could not wait for the next time you receive your salary. A Salary Loan can help you meet those obligations head-on.
Complete requirements should be submitted to your company’s HR Department or authorized contact person.
This type of loan is specially designed for seafarers who are away at sea for long periods. When they are away, this loan makes sure that the needs of their families are met.
Complete requirements should be submitted to your company’s Crewing Manager or contact person
Sterling Bank of Asia provides a variety of loans that are designed to meet the varying needs of businesses, whether it is simply to address day to day liquidity or to expand their businesses. Whatever the need is, they have what businesses need to meet their goals.
Loan Type | Description |
Short-Term Loans | A loan to finance the company’s working capital requirement and has a term of less than a year. |
Trade Check Discounting | A loan against the PDCs issued to the company by its customers. |
Developmental Loan | Granted to real estate developers used for the development of real estate property, including excavation work, infrastructure, and construction for improvements. |
Import Letter of Credit (LC) & Trust Receipt | LC is a contingent loan that assures the seller that he will receive the payment for the goods he will ship. Once the LC is negotiated, it becomes a TR and when the borrower receives the delivery, the ownership of the goods is retained with the bank (on paper). |
Standby LC or Bank Guarantee | Also, a contingent loan is used to guarantee the borrower’s performance to a third-party beneficiary. |
Term Loan | A loan that is typically between 5 to 7 years, and used to finance the company’s capital expenditure requirements. |
Domestic LC / TR | Similar to import LC except that the supplier is in the Philippines. |
Domestic Bills Purchase | Purchase of dated checks without waiting for clearing time to take care of day-to-day liquidity of the company. |
It is already a given that Sterling Bank of Asia aims to uplift the lives of Filipinos by helping them reach their goals. Here are the other reasons why people should choose Sterling Bank Asia.
One of the greatest qualities of Sterling Bank Asia is that more than their business, they care that their customers have goals and help to execute these goals. It is more than just taking business and not caring what happens to their customers after that. Their core principles are guided by a sincere intent to help Filipinos. They are committed to providing outstanding financial products and services, and they are a bank that Filipinos can depend on.
With a commitment to provide financial solutions that will uplift Filipino lives – they do not just have individuals in mind, they are also committed to uplifting businesses and helping them grow and expand.
With over 47 branches nationwide located in key areas, it makes it accessible for their customers to bank with them and take advantage of their products. When bank branches are accessible, people know that they are dependable and will always be there for their needs.
Signing up for a loan with Sterling Bank Asia is very simple and easy. Borrowers can visit them in any of their 47 branches nationwide, or they can start their loan application online through these simple steps:
The loan applications will need the basic personal information of the borrower.
The employment details will also be required with HR details for verification.
Dependent and personal references will also be required to be provided in the application form along with the loan purpose and if the borrower has fixed assets.
The last section to be filled is the upload of the required documents for the loan type chosen and the borrower just has to click on submit to complete the process.
Once the loan application and the documents are received by Sterling Bank Asia, they will be conducting the needed verification to confirm the information provided in the loan application form. The loan processing usually takes about 5 to 7 banking days for the decision to be made on the loan.
It is not always that customers will be able to come by with banks that put the interest of their customers at the top priority – more than the business that they will make. With the experience that they have and the outstanding customer service that they are providing their customers, they truly are a bank that cares for every Filipino in need.
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