CTBC Bank Corp. in the Philippines

It was established in 1966 under the name China Securities and Investment Corporation. In 1971, its name was changed to Chinatrust Investment Company Limited. In 1992, it was transformed into Chinatrust Commercial Bank. The bank has subsidiaries in the Philippines, the United States, Canada, and Indonesia, foreign branch offices in Singapore, Hong Kong, India, Japan, […]

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China Securities and Investment Corporation Bank https://upfinance.com/app/uploads/2019/08/CTBC.jpg
16th to 19th Floors, Fort Legend Towers, 31st Street corner 3rd Avenue, Bonifacio Global City, Taguig City 1634
Metro Manila +63 (2) 840 1234 Free call from other provinces through PLDT 1 800 10 840 1234 International free MAC + 63 + 2 + 840 1234 Main officeTel .: (02) 717-5287 / 988-9287 Fax: (02) 576-7935 , customercare@ctbcbank.com.ph
Interest rate 0.48% - 3.13%
Loan tenure from 1 to 240 months
Approval duration Up to 120 hours
Min. monthly income

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 5000000
Min. loan tenure 1 months
Max. loan tenure 240 months

Credit

Housing loan

Interest rate fixed: 

years 1 2-3 4-5
fixed rates APR 5.75% 7% 7.6%

Minimum loan amount: 500 000 PHP
Maximum loan amount: 25 000 000 PHP
Payment terms: Up to 20 years
Total gross monthly income (minimum): 50,000 PHP
Approval time: 7 banking days

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Salary stretch loan for Individuals

Interest Rates: 2.46% per month (1-2 years); 2.38% per month (3 years);
Minimum loan amount: 20 000 PHP
Maximum loan amount: 1 000 000 PHP
Monthly income (minimum): 15 000 PHP for Metro Manila-based applicants or 10 000 PHP for provincial-based applicants
Payment terms: Up to 36 months
Approval time: 1 – 3 banking days

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Back-to-Back loan

Interest Rates: 4,125% – 4,5%
Minimum loan amount: 100 000 PHP
a client can borrow against his Savings and Time Deposit in Peso or US Dollar
Approval time: 1 – 3 banking days

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Borrower Requirements

Eligibility: 
– are between 21 and 65 years old upon loan maturity
– are earning a minimum gross monthly family income of 50 000 PHP
– are Filipino citizens
– must have an office and residence landline or mobile number
The following employment / business status and/or tenure:
for salaried individuals
– permanent in status and with more than or equal to one (1) year tenure with present employer
– or three (3) years combined work experience including the most recent employer
for professionals
– with more than or equal to three (3) years of practice in profession
for self-employed
– with more than or equal to three (3) years in business operations.

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Business loan

SME Business CreditShort description
A loan for small and medium-sized businesses (SMEs) is a secured loan that meets the needs of entrepreneurs and business owners in financing a business. The program provides short-term loans or revolving credit lines and term loans.

Specifications
An object:
Short-term loan (revolving line of credit) – revolving line of credit for a period of 30 to 180 days, ideal for operating business and working capital requirements
Term loan – a credit line paid in the form of monthly depreciation for up to 10 years to meet the needs of enterprises in long-term financing purpose:

Business expansion

  • Getting
  • Working capital
  • Refinancing existing credit lines
  • Credit amount:Minimum: 500,000 PHP; PMaximum: 50,000,000 PHP
  • Time of processing: 21 banking days

Terms:

  • Loan term: up to 10 years
  • Short term loan: 30, 60, 90 or 180 days
  • Interest Level: The prevailing rate on loans for small and medium businesses at the time of provision
  • Fixed interest rate:Lending period: 1, 2, 3, 4 and 5 years with a fixed term
  • Short term loan: 30, 60, 90 or 180 days

Companion:

  • The property
  • Minimum eligibility criteria
  • Ownership, partnerships and corporations that:belong to filipinos
  • In business for at least three (3) years

Requirements

  • Completed and signed application form
  • Payment of the estimated fee
  • Photocopy of two (2) valid identity documents for each authorized signatory
  • Business registration documents issued by the Ministry of Trade and Industry (for individual entrepreneurs)
  • SEC Registration Certificate
  • Articles of Association
  • Articles of Association and Latest General Information (GIS) (for corporations)
  • Last six (6) months bank statement
  • Audited financial statements for the last three (3) years
  • Tax return for the last three (3) years
  • TCT / CCT Photocopy
  • Photocopy of the site plan / neighborhood plan / unit plan
  • Photocopy of the tax declaration

Deposited

Peso Savings Account
Short description
This is a regular / ordinary savings account in pesos for individuals or for corporate payroll accounts.

Specifications
With a minimal account opening and maintaining a balance of just 5,000 p. Art. The depositor can already use the possibilities of global banking services with the help of a Visa Debit & ATM CTBC Bank card and internet banking through BancNet Online. The account receives 0.250% per annum when a customer brings his deposit up to 20,000 PhP. for individuals and 100,000 PhP for corporate accounts.

Peso Checking Account

Short description
This is a regular percentage current account.

Specifications
This current account is delivered with an accounting journal, a Visa Debit & ATM CTBC Bank card, a checkbook and access to Internet banking through BancNet Online.

The depositor only needs 15,000 PhP. (for individuals) and 25,000 PhP. (for legal entities) as an initial deposit. The account will receive 0.125% per annum when the deposit is increased to 50,000 PhP. for individuals and 100,000 PhP. For corporate accounts.

Ultimate Earner Account

Short description
This is a highly profitable current account that allows a client to earn multi-level rates on term deposits based on the average daily balance (ADB) and the amount of withdrawals.

Specifications
The “final” current account is suitable for clients who are looking for an investment or current account. It comes with a Visa Debit & ATM CTBC Bank card, a checkbook and an accounting journal, as well as access to internet banking through BancNet Online.

Loan Installment

Short description
A simultaneous loan is a reserve loan that is available to existing holders of Savings and term deposits, who intends to fill financial gaps for personal and business purposes.

Specifications
At least 100,000 PhP. loan, the client can borrow under his savings and term deposits in pesos or US dollars.

Requirements

  • Conforme
  • Ticket Offer (OT)
  • Automatic Debiting Organization (ADA)
  • Two (2) copies of a notarized bill of exchange with an act of assignment (PNDA)
  • Marriage consent is required if the refusal of such a condition is not stipulated in the Ticket of the offer (for assignors who are married)
  • In the case of corporate borrowers, a certificate from a secretary at the approving board of a corporation:
  • authorizing the Corporation employees to get a loan at the Bank
  • allow the use of a deposit as security for a loan
  • indication of authorized signatories of documents related to transactions
  • Certificate of time deposit, duly confirmed by the depositor / assignor, or a book with a “Delayed” mark

FAQ

The longest loan period is 20 years.

Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

For Salaried Individuals:
With minimum gross monthly income of PhP15,000. for Metro Manila-based applicants or PhP10,000. for provincial-based applicants within the Bank’s serviceable area
Must have at least six (6) months work tenure with current employer or a total of two (2) years working experience, including work on a regular / permanent status
With office landline
Must be a Filipino citizen.
For Self-Employed Individuals:
With minimum gross monthly income of PhP15,000. for Metro Manila-based applicants or PhP10,000. for provincial-based applicants within the Bank’s serviceable area
Have a business registered in existence of operation for at least three (3) years for Service Industries or five (5) years for Trading and other industries
With office and home landline and/or mobile number
Must be a credit cardholder
Must be a Filipino citizen

The maximum amount of a Salary loan is PhP 1,000,000.

The maximum loan amount depends on your income and loan term. According to Philippine law, paying a loan cannot exceed 30% of income.

No, not required for collateral.

Contacts

Full company name China Securities and Investment Corporation Bank
Address 16th to 19th Floors, Fort Legend Towers, 31st Street corner 3rd Avenue, Bonifacio Global City, Taguig City 1634
Phone number Metro Manila +63 (2) 840 1234 Free call from other provinces through PLDT 1 800 10 840 1234 International free MAC + 63 + 2 + 840 1234 Main officeTel .: (02) 717-5287 / 988-9287 Fax: (02) 576-7935
E-mail customercare@ctbcbank.com.ph
Social networks

It was established in 1966 under the name China Securities and Investment Corporation. In 1971, its name was changed to Chinatrust Investment Company Limited. In 1992, it was transformed into Chinatrust Commercial Bank.
The bank has subsidiaries in the Philippines, the United States, Canada, and Indonesia, foreign branch offices in Singapore, Hong Kong, India, Japan, and Vietnam, and foreign representative offices in London, Bangkok, Hanoi, Beijing, Manila, and Los Angeles.

Users rating

Reviews

1 year ago

A One Of the best Account

it is one of the best Bank have ever get loan to . it is easy fast and good response time. and they are too kind . thank you.

1 year ago

Low Interest Rate

Got this loan after an emergency, when we finally had the money to pay it off (interest rate was low) it was next to impossible to reach them! I faced 3 times, faxed, and finally called and was able to get someone after being on hold 1 minutes. it has good response time

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