Equicom Savings Bank

Equicom Savings Bank, Inc. is a duly licensed thrift bank majority owned by the Equicom Group and Mr. Antonio L. Go. Mr. Go was the former Chairman of Equitable PCI Bank and was also Founder and President of Equitable Card Network established in 1989. Equicom Savings Bank was the Philippines’ leading credit card company[citation needed] and also had the distinction of being the only card issuer which carried the four major global credit card brands – VISA, MasterCard, American Express and JCB. Go was a member of the Executive Committee of Visa International Worldwide, Chairman of Visa International Asia-Pacific from 1998-2005 and was a director since 1980.

Go is the Chairman of the Equicom Savings Bank Board, while Mr. Rene J. Buenaventura, the former President & CEO of Equitable PCI Bank, is the Vice Chairman.

Equicom Savings Bank has its main office branch in Makati and sixteen other branches in Luzon, Visayas and Mindanao. Within one year from acquisition by the Equicom Group, the Bank grew from three to seventeen branches. It has deployed ATMs in all its branches and selected offsite locations. EqB cardholders can access over 9000 ATMs nationwide through its network affiliation with BancNet, MegaLink and Expressnet, and over 1 million VISA Plus ATMs worldwide.

Leading

Antonio L. Go, (Chairman) Estelito C. Casal, (President)

Shareholders

controlling stake owned by the Equicom Group and Mr. Antonio L. Guo. Mr. Guo was the former chairman of Equitable PCI Bank

Head Office

Credit

Home loan

Rates:  From 7.00% APR
Minimum loan amount: 300 000 PHP
Maximum loan amount: Up to 60% of assessed value
Payment terms: Up to 25 years
Approval time: 5 – 15 banking days

Personal loan

Minimum loan amount: 15 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: Up to 36 months
Approval time: 1 – 5 banking days

Salary loan

Minimum loan amount: 10 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: Up to 12 months
Approval time: 3 – 5 banking days

Borrower requirements

Eligibility: 
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
Сitizenship:
– Must be a Filipino Citizen
– Must have an office or residence landline
If Employed:
– Minimum gross monthly income for Metro Manila – 15 000 PHP
– For outside Metro Manila – 12 000 PHP
If Self-employed:
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income for Metro Manila – 30 000 PHP
– For outside Metro Manila – 25 000 PHP

Business loan

SME Business loan

Rates:  From 1,4% per month
Minimum loan amount: 1 000 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 3 years
Collateral: Acceptable real estate property as collateral
Approval time: 5 banking days

Eligibility requirements

Eligibility: 
Duly registered to operate as a business in the Philippines;
Must have been operating for at least 3 years, and profitable for the latest 1 year;
Must have no outstanding debt that exceeds 40% the company’s monthly income;
Each franchise loan must be tied to the business’ primary owner; for partnerships/corporations, this means:
Owner with simple majority (individual with the single largest stake in the company) must provide details and sign off on the loan application form, and ultimately be the signatory in the surety agreement prior to loan booking

If simple majority is shared across multiple owners, only (1) of them is required to sign off on the loan

Deposited

• Opening and maintaining a PHP 5000 balance
• Average Daily Balance (ADB) to get PHP 10,000 percent
• Annual interest rate 0.25%
• Percentage crediting monthly
• Withholding tax of 20%
• Rest period No transaction for two (2) years

Contacts

Full company name	Equicom Internet Banking - Equicom Savings Bank
Address	6/F ODC International Plaza, 219 Salcedo Street, Legaspi Village, Makati City 1229, Philippines
Phone number	(632) 828-3784 local 219/224/225
E-mail	properties@equicomsavings.com.ph
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