QueenBank in the Philippines

Industrial Bank of Korea received the 2018 Financial Innovation of the Republic of Korea Award organized by Moneytoday Received a comprehensive grand prize from the 2018 Global Financial Expo. The asset management service is launched using Robo-Advisor, “ONE ROBO”. The “Big Data Portal and Platform” has been launched, supporting customer management based on Big Data […]

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Queenbank, Inc https://upfinance.com/app/uploads/2020/03/unnamed-3.jpg
Sky City Tower, Mapa St., Iloilo City, Philippines
Tel: (033) 336-8052-56 Fax: (033) 5098055 loc 121 Tel: (033) 5012403 , customer_service@queenbank.com.ph info@queenbank.com.ph
Interest rate 1.2% - 3.5%
Loan tenure from 6 to 240 months
Approval duration Up to 240 hours
Min. monthly income

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 5000000
Min. loan tenure 6 months
Max. loan tenure 240 months

Credit

Housing loan

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Interest Rates: From 7.50% APR
Minimum loan amount: 400 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 20 years
Approval time: 5- 21 banking days

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Car Financing

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Interest Rates: From 12% APR
Loan amount:
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Payment terms:
Brand New: 12 to 60 months
Second hand: 12 to 48 months
Approval time: 3-7 banking days
Down payment: As low as 20% of purchase price

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Salary loan

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Interest Rates:  From 1.89% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 100 000 PHP
Payment terms: Up to 12 months
Approval time: 1-5 banking days

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Multi-Purpose loan

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Interest Rates:  From 1,5% per month
Minimum loan amount: 30 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: Up to 24 months
Approval time: 3 – 7 banking days

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Loan Calculator

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

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 – 15 000 PHP
If Self-employed:
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income – 30 000 PHP

Business loan

Business loan

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Interest Rates:  From 1,4% per month
Minimum loan amount: 500 000 PHP
Maximum loan amount: 2 000 000 PHP
Payment terms: Up to 3 years
Approval time: 3-7 banking days

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Industrial loan

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Interest Rates:  From 1,4% per month
Minimum loan amount: 1 000 000 PHP
Maximum loan amount: 10 000 000 PHP
Payment terms: Up to 3 years
Approval time: 5-21 banking days

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Agricultural loan

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Interest Rates:  From 1,2% per month
Minimum loan amount: 500 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 2 years
Approval time: 5-21 banking days

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FAQ

The longest loan period is 20 years.

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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.

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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.

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The minimum down payment for a new car is 20% of purchase price, for a used car – 30% of purchase price.

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Payment terms for Brand New cars – up to 60 months.
Payment terms for Used cars – up to 48 months.

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No, the car is your property from the moment of purchase, but remains the bank’s guarantee for the loan period. This means that you cannot sell the car, and you also have to pay for car insurance so that the bank can receive its money in any case.

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This type of credit can be used by farmers, micro and aqua- and – agri projects of local government units.
Borrower Requirements:
• Peoples Organizations
• Farmers Organizations
• Agrarian Reform Beneficiaries Organizations
• Other Conduits such as Co-ops, Rural Banks and NGOs

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Usually the term is from 1 year to 2 years.

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Document requirements may vary depending on the Bank, but this list usually includes:
1. A copy of the certificate of registration, cooperation / registration statutes and statutes / regulations (for and for submission by the communication Service);)
2. Farm plan and budget (if applicable)
3. Business plan (if applicable)

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Contacts

Full company name Queenbank, Inc
Address Sky City Tower, Mapa St., Iloilo City, Philippines
Phone number Tel: (033) 336-8052-56 Fax: (033) 5098055 loc 121 Tel: (033) 5012403
E-mail customer_service@queenbank.com.ph info@queenbank.com.ph
Social networks

Industrial Bank of Korea received the 2018 Financial Innovation of the Republic of Korea Award organized by Moneytoday
Received a comprehensive grand prize from the 2018 Global Financial Expo. The asset management service is launched using Robo-Advisor, “ONE ROBO”. The “Big Data Portal and Platform” has been launched, supporting customer management based on Big Data Analytics. Launched 「Smart-movable mortgages secured by OR OR based on movable loans」 Based on the Internet of Things (IoT).
Launched “Only one collateral loan”, a medium-term loan with a very low interest rate in the range of 1%.

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