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 […]Visit site
|Min. financing amount||₱ 10000|
|Max.financing amount||₱ 5000000|
|Min. loan tenure||6 months|
|Max. loan tenure||240 months|
Interest Rates: From 12% APR
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
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
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
– Must be a Filipino Citizen
– Must have an office or residence landline
If Employed: Minimum gross monthly income – 15 000 PHP
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income – 30 000 PHP
The longest loan period is 20 years.Send an application
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.Send an application
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.Send an application
The minimum down payment for a new car is 20% of purchase price, for a used car – 30% of purchase price.Send an application
Payment terms for Brand New cars – up to 60 months.
Payment terms for Used cars – up to 48 months.
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.Send an application
This type of credit can be used by farmers, micro and aqua- and – agri projects of local government units.
• Peoples Organizations
• Farmers Organizations
• Agrarian Reform Beneficiaries Organizations
• Other Conduits such as Co-ops, Rural Banks and NGOs
Usually the term is from 1 year to 2 years.Send an application
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)
|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|
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%.