Penbank Inc.

(3,5/5) 195 voice

1. Age

Age from

2. Time to review

From application to receipt of money

3. Other conditions

Product Overview

Product Name:Quick Loan – Jewelry
Remarks:Interest rate is reasonable and competitive of up to 3% per month.
Minimum Amount of Loan:P30,000.00

Eligibility and Requirements

Collateral Required:All types of gold jewelry such as bracelet, necklace, earring, ring, pendant among others.

Interest Rates Offered


PENBANK (Peninsula Ban) is a member of many banks owned by RD Corporation. RD Corporation grew out of a non-existent rural bank, Tupi, established in 1981. In 1997, the company changed its name to PENBANK. Today, the company has 48 widely diversified business units and operations in the Philippines, Indonesia, Papua New Guinea, the Netherlands and the United States.

The history of the bank

PENBANK was founded on the basis of the agricultural bank Rural Bank, the head office of which was in Tupi. Rural Bank appeared on the financial market in 1981. A group of young enterprising people worked on its creation, which consisted of farmers-businessmen, and also a bank employee.


In 1997, the main office was moved from Tupi to General Santos, the authorized capital of the company increased, the bank received a new name – PENBANK. So in the banking sector of the Philippines, a new player appeared who offered its customers a lot of new financial services. Striving for the stable development of the company, in 2011 the owners change the status from agrarian to development bank.

Main branches and ATMs of Penbank

PENBANK is a dynamically developing institution with a large branch network. The regional network includes 32 branches that operate in many provinces and cities of the Philippines. Branches are located in the provinces: South Cotabato, Sultan Kudarat, North Cotabato, Davao del Sur, Davao del Norte, Bukidon (Valencia). You can also be served in such cities: Talisay, Mandau, Lapu-Lapu, Cebu, Iloilo, Davao, Cagayan de Oro, Ozamiz, Pagadian, Zamboanga.

The company has all the necessary licenses to carry out banking activities. PENBANK has a high rating of international agencies that confirmed the long-term credit rating at level A.

PENBANK is doing everything for the convenience of consumers, increasing the availability of banking services. For this purpose the network of ATMs and terminals is expanded. Depositing money through ATMs and terminals is available to private clients and holders of corporate cards. This makes it convenient to work with the sales and purchase proceeds. Consumers, using such convenient tools, can perform regular banking transactions without visiting the branch.

The main types of banking services

The company has a developed infrastructure, provides credit and settlement services to private and corporate clients. A wide range of financial products is provided for users. Services which are offered to businesses and individuals:  

  • opening, checking accounts;
  • crediting;
  • liquidity management;
  • opening, servicing payment cards;
  • urgent deposits;
  • loans;
  • financing the purchase of vehicles;
  • money transfer;
  • payment of bills;
  • investments.

Over the entire period of activity, a great experience of working with clients has been accumulated, a large network of branches has been created, and a huge number of consumers have been attracted. There is a wide variety of loan products for users. For some loans, there are low interest rates compared to competitors. Businessmen can choose a suitable loan program for their companies for any needs.

For legal entities and individuals, PENBANK offers special conditions for issuing loans for the purchase of passenger cars, equipment for agriculture, and trucks. The initial fee is 20% for passenger cars, from 30% – on transport for business. Loan period is from three to five years.

It is safe to keep the deposit in PENBANK. The company has a high reliability status. Different offers on savings deposits make it possible to place, accumulate and save funds by drawing up a deposit for a short or long term. Conditions for deposit holders are different, you can open them in any branch of the bank. Interest rates are different depending on the size of the deposit, but remain the most advantageous in the market.

The main asset of the company is the professionalism of the team of specialists. They strive to develop corporate management principles, introduce new banking technologies, IT development, quickly respond to rapidly changing market conditions. An individual approach is selected for all clients, the best solutions to financial problems are offered.


  • Address: 3/F, Penbank Center I, Santiago Boulevard, General Santos City 9500 South Cotabato
  • Phone: +63(83)5528807
  • Email: [email protected]


  • Yes, just fill out and sign the application form completely
  • Submit complete requirements together with the application form to your nearest Penbank Branch and wait for 1 day for the status of your application

Here are the requirements needed if you are:


  • Certificate of Employment issued by HRD or other authorized signatory of the company with accompanying disclosure on monthly gross salary
  • Latest 2 months pay slips
  • Two Valid Identification Cards
  • Latest Two Years Income Tax Return
  • Other Proof of Other Sources of Income
  • Marriage Contract for married applicants
  • 2 x 2 ID pictures of borrower and spouse

No, gemstones are not included in the appraising the value of the gold.

The processing of your loan would only take 1 day upon submission of the complete requirements.

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