CTBC BANK
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Product Overview
| Product Name: | Chinatrust Salary Stretch Personal Loan |
| Minimum Amount of Loan: | ₱20,000.00 |
| Maximum Amount of Loan: | PHP1,000,000.00 |
| Minimum Loan Tenure: | 12 months |
| Maximum Loan Tenure: | 36 months |
| Early Repayment: | Yes |
Eligibility and Requirements
| Age Range of Borrower: | 23-60 years old |
| Minimum Annual Income: | PHP180,000.00 |
| Income Requirement Remarks: | ₱15,000 for Metro Manila-based applicants or ₱10,000 for provincial-based applicants |
| Employment / Work Status: | Permanent Employee for 1 years / 3 years for Trading and Services Industry or 5 years for other industries for Self-employed |
| Borrower has to have Credit Card: | Yes |
| Guarantor Required: | No |
| Collateral Required: | No |
| Need to Open Linked Bank Account: | No |
Application and Approval
| Approval Duration: | Within 3-5 banking days |
Fees and Charges/Penalties
| Loan Processing and Dispersal Fees: | Processing fee ₱1,500.00 / Stamp duty ₱1.00 for every ₱200.00 in excess of ₱250,000.00 of the loan amount |
| Early Repayment Penalty: | None, if you have informed the bank one month ahead |
| Late Payment Penalty: | 5.00% p.a. on any balance outstanding. |
Interest Rates Offered
| Product Name: | Interest Rate | Effective Interest Rate | Interest Type |
|---|---|---|---|
| Chinatrust Salary Stretch Personal Loan - 12-36 months | 16.67% p.a | Monthly Rate |
Other Requirements
| Need to open linked banked account? | No |
About CTBC Bank (Philippines) Corp. (Chinatrust Philippines Commercial Bank Corp.)
Are you looking for a short term or long term personal loan? One that can approved within 24 hours? Then CTBC is the bank for you.
The bank offers personal loans that are more flexible and at lower interest rates. The minimum amount of cash you can borrow is PHP20, 000.00 and maximum PHP1, 000,000.00. The period to repay the loan runs from 12, 18, 24 and 36 months.
The interest rates are also flexible to ensure you don’t strain your finances. Chinatrust bank has an interest rate that starts from 28.28%, however, this will depend on the loan terms. On the other hand, there are monthly add-on rates that range from 1.39% to 1.79%. This particular interest rate cuts across all loan terms.
History
The bank is a trusted institution that deals with commercial and retail consumers nationally and internationally. CTBC bank is the first largest financial institution in Taiwan and provides various services to the consumers’ such as deposits, securities, loans, cash equivalents, debt investments among other banking services. The banks are a subsidiary of Tokyo Star Bank, CTBC Bank (Philippines) CTBC Bank Corp. (Canada), CTBC Bank Corp. USA and others.
Chinatrust Bank was founded in 1996 and it was known as China Securities and Investment Corporation. Later in 1997, the name of the firm changed to Chinatrust Investment Company Limited. The bank continued growing and in 1992 the change its name to Chinatrust Commercial Bank.
To maximize and make their operations more effective the firm merged with Grand Commercial Bank in the year 2003. The bank later acquired the Fengshan Credit corporation in 2004 and then in 2007 they bought Enterprise Bank Hualien. CTBC merged with the Chinatrust Bills Finance Corporation in 2008.
These particular deals have made the bank to grow and have a larger market share. In 2013 the bank continued to expand and in the process, it also acquired the Tokoyo Bank Limited. Today the bank is the sole owner of the Tokoyo bank having 100 percent of the shares.
CTBC Bank has grown and it was even awarded as the Best Bank in Taiwan by international professional agencies. The bank was also recognized b Global Finance and Asiamoney as the Best Foreign Exchange bank. The bank has so fur be named the Best Wealth Management Bank in Euromoney for the 11th time.
Ownership of the CTBC Bank
CTBC has NT$ 1.73 trillion in deposits and on the other hand, it has assets worth NT$ 2.26 trillion assets.
Owners of the CTBC Bank
The President and Director of the Bank is Alberto Emilio V. Ramos. He has been working in the financial industry in various management positions for over 30 years. A graduate of the De La Salle University in Manila with a double degree in Political Science and Marketing Management, he also holds a Master of Business Management (MBM) degree from the prestigious Asian Management Institute (AIM). Mr. Ramos has served as Director and President of the China Savings Bank (SSBC) since 2011. Prior to that, he headed the Private Banking Group of China Banking Corporation (China Bank), the parent corporation, and served as Executive Vice President.
Main branches and ATMs of the CTBC Bank
The main branches are in Taiwan, Southern California (USA) and Canada. The bank has 147 branches in Taiwan and 100 branches overseas. The Island has a total of 5, 184 ATM’s.
Social media accounts
Facebook https://www.facebook.com/ctbcbank.ph/
Contacts
- Address: 16th to 19th Floors, Fort Legend Towers, 31st Street corner 3rd Avenue, Bonifacio Global City, Taguig City 1634
- Phone: Metro Manila+63 (2) 8840 1234/ Toll-Free from other provinces through PLDT 1 800 10 840 1234
- Email: [email protected]
Bank branches
| Number | Office address | Mode of operation | Company name |
| 1 | CTBC BANK (PHILIPPINES) CORP. Head Office | ||
| 2 | Bonifacio Global City Business Center (Head Office Business Center) | ||
| 3 | Alabang Business Center | ||
| 4 | Ayala Business Center | ||
| 5 | Binondo Business Center | ||
| 6 | Buendia-Pasong Tamo Business Center | ||
| 7 | Del Monte Business Center | ||
| 8 | Dela Costa Business Center | ||
| 9 | Greenhills Business Center | ||
| 10 | Las Piñas Business Center | ||
| 11 | Mabini Business Center | ||
| 12 | Marikina Business Center | ||
| 13 | Ortigas Business Center | ||
| 14 | Rada Business Center | ||
| 15 | Sucat Business Center |
FAQ
- Age from 25 to 60 years on loan repayment.
- The minimum gross monthly income is £15,000 for applicants residing in Manila or £10,000 for applicants residing in the provinces.
- The company must be registered and operate for at least 3 years in trade and services or 5 years in other industries.
- Need to have an office and home telephone or mobile phone.
- You have to have a credit card.
- You need to have Philippine citizenship.
- Age from 23 to 60 years* at maturity
- The minimum gross monthly income is £15,000 for applicants residing in Manila or £10,000 for applicants residing in the provinces.
- Has been employed by the company for at least one 1 year on a regular / permanent status.
- With office landline.
- Philippine citizenship.
*At the beginning of the loan term, the age of 61 to 65 years may be allowed if the employer confirms that the retirement age is 65 years. Borrowers who have reached the age of 60 at the end of the loan period must also provide a photocopy of the loan life insurance document.
- Completely filled out application form
- Photocopy of latest ITR / BIR Form 2316
- Photocopy of ID issued by the employer (with photo and signature)
- Photocopy of one (1) month latest payslip
Original copies of the requirements may be required prior to loan release. Other documents may also be required by the Bank.
- Completely filled out application form
- Photocopy of latest ITR / BIR Form 2316
- Photocopy of ID issued by the employer (with photo and signature)
- Photocopy of one (1) month latest payslip
Original copies of the requirements may be required prior to loan release. Other documents may also be required by the Bank.
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