PTC in the Philippines

Philtrust Bank, formerly known as the Philippine Trust Company, is one of the oldest privately owned universal banks in the Philippines. Founded on October 16, 1916, its history is parallel to the growth of the Philippine banking system. This is the third bank established in the Philippines, after the Bank of the Philippine Islands and […]

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Philtrust Bank Corporate https://upfinance.com/app/uploads/2019/07/171X2piK_400x400.jpeg
United Nations Ave cor. San Marcelino, Manila, Philipinnes
632 708-7087, consumeraffairs@bsp.gov.ph
Interest rate 5% - 1%
Loan tenure from 3 to 24 months
Approval duration Up to 5-12 hours
Min. monthly income

Product Features

Min. financing amount ₱ 100000
Max.financing amount ₱ 1000000
Min. loan tenure 3 months
Max. loan tenure 24 months

Credit

Home loan

Purchase, construction or repair of real estate
Interest rates: From 1.5% per month
Minimum loan amount: 300 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 10 years
Collateral: real estate
Approval time: 5- 21 banking days

Calculate loan

Chattel Mortgage

Interest rates: From 1.5% per month
Collateral:
– Machinery and Equipment
– Used car
– Delay in deposits in pesos or dollars supported by our Bank
– Assigning Permissible Listed Shares
– Appointment of eligible country club promotions or Assignment of government securities.

Calculate loan

 

Loan Calculator

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

However, if the submitted deposits are multiple TCTs located in the same unit or location, an additional charge of P50.00 will be charged for checking the TCT;
– Minimum P2 000.00 for one TCT plus P1 000.00 for each additional TCT or location that is far from the first location on the same loan application;

Areas outside Metro Manila (with one-day / working hours of field work) – Minimum P3 000.00 per TCT. However, if the submitted deposits are multiple TCTs located in the same unit or location, an additional charge of P50.00 will be charged for checking the TCT;

– Minimum P3 000.00 for one TCT plus P1 000.00 for each additional TCT or location that is far from the first location on the same loan application;

provincial districts (overnight or more than one day of field work) The minimum initial fee of £ 5,000.00 per TCT or location, plus 1,500.00 pounds sterling for each additional security that is far from the first location for the same application for a loan, plus the cost of air tickets and / or gasoline and the actual unforeseen contingencies received after the evaluation survey.

Documentary stamp P1.00 for each P200.00 or its part for each primary issue of debt instruments of one year. Less than 1 year, proportional quantity in accordance with the ratio of its term in the number of days to 365 days.

  • Registration fee Based on the amount of the mortgage on the payment schedule.
  • Service fee of 2% per annum on the outstanding balance of PRINCIPAL in addition to the reduced interest rate on the loan.
  • Penalty In the event that any note / depreciation and / or interest becomes overdue, the principal debt will be charged at a rate of 2% per month from the date of default to full payment of the obligation.
  • Certification Php 500.00 for the certification of the credit line
  • The commitment fee is 1/4 of 1% of the Mandatory amount of Php 2500.00, whichever is higher.
  • Cancel mortgage Php 500.00 for re-registration of the abolition of the mortgage.

Business loan

CREDITS

We can help you with the following:

Working capital

Business expansion

Purchase, construction or repair of real estate

Export-import financing

investments

Our loan funds include:

We offer and package various types of business loans for your specific financing needs.

Valid deposits:

Real Estate Mortgage

Delay in deposits in peso or RUB, supported by our Bank

Assigning Permissible Listed Shares

Appointment of eligible country club promotions, or

Assignment of government securities.

crediting

1. Fee for evaluation

-Large tracts of land

The above basic rates and surcharges apply in each case.

– Areas in Metro Manila – Minimum P2,000.00 per TCT. However, if the submitted deposits are multiple TCTs located in the same unit or location, an additional charge of P50.00 will be charged for checking the TCT;
– Minimum P2 000.00 for one TCT plus P1 000.00 for each additional TCT or location that is far from the first location on the same loan application;
– Areas outside Metro Manila (with one-day / working hours of field work) – Minimum P3 000.00 per TCT. However, if the submitted deposits are multiple TCTs located in the same unit or location, an additional charge of P50.00 will be charged for checking the TCT;
– Minimum P3 000.00 for one TCT plus P1 000.00 for each additional TCT or location that is far from the first location on the same loan application;
– Provincial areas (overnight or more than one day field work) The minimum initial fee of £ 5,000.00 for one TCT or location, plus 1,500.00 pounds for each additional security that is far from the first location for that the same application for a loan, plus the cost of air tickets and / or gasoline and the actual unforeseen contingencies received after the evaluation survey.
2. Documentary stamp P1.00 for each P200.00 or its part for each primary issue of debt instruments of one year. Less than 1 year, proportional quantity in accordance with the ratio of its term in the number of days to 365 days.
3. Registration fee Based on the amount of the mortgage on the payment schedule.
4. Service fee of 2% per annum on the outstanding balance of PRINCIPAL in addition to the reduced interest rate on the loan.
5. Punishment In the event that any note / depreciation and / or interest becomes overdue, the outstanding principal debt is charged at a rate of 2% per month from the date of default until full payment of the obligation.
6. Php 500.00 certification for credit line certification
7. Commitment fee 1/4 of 1% of the Mandatory amount of Php 2500.00, whichever is higher.
8. Cancel mortgage
Php 500.00 for re-registration of the cancellation of the mortgage.

Deposited

PESO SAVINGS ACCOUNTS
1. Minimum – initial deposit
Php 2000.00

2. The requirement of the minimum average daily balance (ADB)

Accounts without automatic transfer (ATA)

Php 2000.00

Accounts in ATA

Individual – Php 10 000.00

Corporation – Php 20 000.00

3. Monthly Maintenance Fee

Service Fee Lower ADB

Service fees are not charged if the level of pensions is below the level of ADB.

Active Accounts

Php 300.00 per month if the balance falls below

Inactive accounts

Php 30.00 per month if the balance is not indicated within five (5) years and upon prior notice.

Accounts in ATA

Php 300.00 per month if the balance falls below ADB

4. Minimum ADB to receive interest

Php 5000.00 Quarterly

5. Closing Accounts

Php 200.00 if the account is closed within 30 days

6. Lost Book

Php 200.00 fee for issuing a new book

7. Interest rate

0.25%

PESO SAVINGS ATM ACCOUNT

1. Minimum – initial deposit

Php 2000.00

2. The requirement of the minimum average daily balance (ADB)

Php 2000.00

3. Monthly Maintenance Fee

Service Fee Lower ADB

Service fees are not charged if the level of pensions is below the level of ADB.

Active Accounts

Php 300.00 per month if the balance falls below

Inactive accounts

Php 30.00 per month if the balance is not indicated within five (5) years and upon prior notice.

4. Minimum ADB to receive interest

Php 5000.00 Quarterly

5. ADB Minimum Requirement

Php 2000.00

6. Closing Accounts

Php100.00 if closed within 60 days from opening date
7. Replacing a damaged / lost Php 100.00 ATM card
8. Change PIN Php 100.00
9. Interbank Money Transfer Commission (IBFT) Php 25.00
10. Payment Statement First three (3) pages Php 100.00, subsequent pages Php 10.00 per page
11. Fee for requesting balance (at an ATM of another bank) Php 1.00
12. Transaction fee (at an ATM of another bank) Php10.00
13. Maximum withdrawal amount per day Php 20 000.00
14. Maximum output frequency per day none
15. Maximum withdrawal amount per transaction (PTC ATM) Php 10,000.00
16. Minimum withdrawal amount per transaction (PTC ATM) Php 100.00
17. Interest rate 0.25%

PESO ACCOUNT CHECK
1. Minimum – initial deposit
– Individual, partner and individual accounts Php 10 000,00
– Corporate Php accounts 15 000.00
2. ADB Minimum Requirement
– Individual Php 10,000.00
– Php 15,000.00
3. Monthly Maintenance Fee
– A service charge lower than ADB Service fees are not charged if the level of pensions is lower than the level of ADB.
Active Php Accounts 300.00 per month if the balance falls below ADB for two (2) consecutive months
Inactive Php accounts are 30.00 per month if the account balance is below the ADB, if it is inactive for five (5) years and upon prior notice.
4. Minimum ADB to receive interest. No interest.
5. Refused to issue checks
– Rejected due to uncollected or insufficient funds (CHHR Sec. 27.1 and 27.5), (RRICO Sec. 20.1 & 20.5), (CHOM No. 380) Service fee Php2 000,00 plus a fine of Ph 200.00 per day for each Php 40 000.00 or part thereof depending on the amount of the check, charged both on working days and on non-working days
– Returned checks with the date, dated or outdated (CHOM No. 96) 1/8 of 1% of the amount of the check or Php100.00, whichever is greater per day
– Returned checks covered by a deposit on the next clearing day Service fee Php1 000.00 per check plus a penalty of Php200.00 per day for each Php 40,000.00 or part thereof
– Returned checks due to “” Payment is stopped “” Maintenance fee is 2,200.00 Php for 40,000.00 Php lower for 40,000.00 of the above fees. (Memo dated 1/16/07, BD-16/07)
6. Verification of the application At the prevailing tariff set by the Printing House Currently:
250,00 Php – personal checks (50 checks)
500,00 Php – Commercial Checks (100 Checks)
7. Interest rate Without interest rate

PESO ACCOUNT CHECK

1. Minimum – initial deposit
– Individual, partner and individual accounts Php 10 000,00
– Corporate Php accounts 15 000.00
2. ADB Minimum Requirement
– Individual Php 10,000.00
– Php 15,000.00
3. Monthly Maintenance Fee
– A service charge lower than ADB Service fees are not charged if the level of pensions is lower than the level of ADB.
Active Php Accounts 300.00 per month if the balance falls below ADB for two (2) consecutive months
Inactive Php accounts are 30.00 per month if the account balance is below the ADB, if it is inactive for five (5) years and upon prior notice.
4. Minimum ADB to receive interest. No interest.
5. Refused to issue checks
– Rejected due to uncollected or insufficient funds (CHHR Sec. 27.1 and 27.5), (RRICO Sec. 20.1 & 20.5), (CHOM No. 380) Service fee Php2 000,00 plus a fine of Ph 200.00 per day for each Php 40 000.00 or part thereof depending on the amount of the check, charged both on working days and on non-working days
– Returned checks with the date, dated or outdated (CHOM No. 96) 1/8 of 1% of the amount of the check or Php100.00, whichever is greater per day
– Returned checks covered by a deposit on the next clearing day Service fee Php1 000.00 per check plus a penalty of Php200.00 per day for each Php 40,000.00 or part thereof
– Returned checks due to “Payment stopped.” The service charge is 2,200.00 Php for 40,000.00 Php lower for 40,000.00 of the above fees. (Memo dated 1/16/07, BD-16/07)
6. Verification of the application At the prevailing tariff set by the Printing House Currently:
250,00 Php – personal checks (50 checks)
500,00 Php – Commercial Checks (100 Checks)
7. Interest rate Without interest rate

FAQ

The longest loan period is 10 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.

First of all, Home loan is a loan for the purchase of real estate, which you leave as a loan security. Chattel Mortgage loan is also secured, but has 2 differences from Home credit:
1) You mortgage buildings (land, etc.) which you already do own at the time of applying for a loan. You can use the money received to develop your business or to buy the necessary goods, you are not required to buy real estate (although you can do it).
2) Not only real estate, but also cars and means of production are accepted as collateral.

The longest Mortgage loan term is 10 years.

As collateral accepted:
– Machinery and Equipment
– Used car
– Delay in deposits in pesos or dollars supported by our Bank
– Assigning Permissible Listed Shares
– Appointment of eligible country club promotions or Assignment of government securities.

Yes, you remain the owner of the mortgaged property and you can use it.

Yes, property insurance is a prerequisite.

Contacts

Full company name Philtrust Bank Corporate
Address United Nations Ave cor. San Marcelino, Manila, Philipinnes
Phone number 632 708-7087
E-mail consumeraffairs@bsp.gov.ph
Social networks

Philtrust Bank, formerly known as the Philippine Trust Company, is one of the oldest privately owned universal banks in the Philippines. Founded on October 16, 1916, its history is parallel to the growth of the Philippine banking system. This is the third bank established in the Philippines, after the Bank of the Philippine Islands and the Philippine National Bank. The bank is one of the enterprises owned by the Sino-Filipino businessman Emilio Yapu. As of December 16, 2010, the total market capitalization of Philtrust Bank was 40.6 billion Pion, and the share price was 70.00 p.
As of March 31, 2012, total assets of the company amount to 103,767 billion rubles, total deposits – 87,628 billion rubles, total net capital – 15,431 billion rubles, total paid-up capital – 10 billion rubles, the authorized capital – 22 billion rubles. Today, Philtrust Bank has a total of 40 branches in Metro Manila and 21 provincial branches.

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