Guide on the Requirements for SB Finance Personal Loan Application Process
REQUIREMENTS FOR SB FINANCE PERSONAL LOAN – Here are the documents required by SB Finance in applying for the Personal Loan offer.
Are you looking for a financial solution but you cannot leave your work at the same time? You may consider an online cash loan like the SB Finance Personal Loan offer.
The SB Finance Personal Loan is a multi-purpose offer that is non-collateral. You don’t need to present any property that the loan provider can take in the event that you failed to finish the repayment of the loan offer. You can repay the loan for up to 36 months. The application process is entirely digital.
The loan offer is open for both employed and self-employed applicants. Loan applicants who are employed has their own set of eligibility criteria and documentary requirements for SB Finance Personal Loan application. To qualify, the borrower must meet the following qualifications for application:
- must be a Filipino Citizen
- at least 21 years old at the time of application but not more than 65 years old upon loan maturity
- must have an office or residence landline
- source of income
- For Metro Manila: PhP15,000
- For outside Metro Manila: PhP12,000
With regards to the documents needed, here are the specific documents that must prepare in scanned copies in jpeg, pdf, or png format. Each of the file must not exceed 5mb.
- Latest one (1) month payslip
- Latest ITR
- Certificate of Employment and Compensation – issued within the last six (6) months
For self-employed individuals who plan to apply for the loan offer, there is a different set of the requirements for SB Finance Personal Loan application as well as eligibility criteria. The borrower should meet the following eligibility requirements to qualify:
- must be a Filipino Citizen
- at least 21 years old at the time of application but not more than 65 years old upon loan maturity
- must have an office or residence landline
- owner or a majority owner with at least 40% stake
- business has been operating profitably for at least 2 years with
- at least 1 trade reference
- minimum gross monthly income of PhP60,000
If you are a self-employed individual who plan to apply for the loan offer of SB Finance, you must prepare the following documents in scanned copies not exceeding 5 MB per file.
- Latest one (1) year Audited Financial Statement (AFS) with at least the previous year’s comparative financials
- Latest three (3) months bank statements
- SEC/DTI Certificate of Registration
- Business permit/Mayor’s permit
- List of three (3) trade references [at least one (1) supplier and one (1) customer] with contact details
- Latest GIS (if corporation)
To apply for the loan offer online, download the Zuki app. Android users can download the form from Google Play while Apple users can download it from the App Store.
