Guide on SB Finance Personal Loan — How Much You May Borrow
SB FINANCE PERSONAL LOAN – Here are the minimum and maximum amounts allowed for borrowing under the cash loan offer.
SB Finance, a partnership of the Security Bank and Krungsri, is one of the trusted and popular online lenders in the Philippines. It has multiple loan offers including the SB Finance Personal Loan which is a multi-purpose cash loan offer.
The said Personal Loan offer is non-collateral, meaning you do not have to present a property or a title of ownership of a property to qualify for the online loan offer. There is also no credit card needed in applying for the loan offer. The application process is all digital.
With regards to the loanable amounts under the SB Finance Personal Loan offer, the approved amount depends on the loan provider. Meanwhile, the online lender has posted the minimum and maximum amounts allowed for borrowing:
- Minimum Loanable Amount — Php 30,000
- Maximum Loanable Amount — Php 2 million
You can repay the amount borrowed in 12, 18, 24, or 36 months. The eligibility criteria in applying for the SB Finance loan offer depends whether the borrower is employed or self-employed. If you are employed, you must meet the following qualifications to qualify for the loan offer:
- 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
The online loan offer is also open for self-employed individuals. For self-employed borrowers, here are the eligibility requirements for application to the online loan offer:
- 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
Aside from the eligibility criteria, there are also requirements for SB Finance Personal Loan application. It is best to prepare the scanned copies of the required documents before downloading a Zuki app to apply for the SB Finance loan offer.
