Robinsons Bank Corporation in the Philippines

The Robinsons Bank Corporation is a commercial bank that provides banking services to retail and business customers in the Philippines. The company was previously known as Robinsons Savings Bank and in May 2011 changed its name to the Robinsons Bank Corporation. The Robinsons Bank Corporation was founded in 1997 and is based in Quezon City […]

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Robinsons Bank – A Commercial Bank https://upfinance.com/app/uploads/2019/07/Без-имени-1.jpg
7/F Galleria Corporate Center, EDSA cor. Ortigas Avenue, 1110 Quezon City
702-9500 / 884-1057 / 345-2064, elfren.sarte@robinsonsbank.com.ph
Interest rate 0.58% - 3%
Loan tenure from 6 to 240 months
Approval duration Up to 24 hours
Min. monthly income

Leading

Lance Gokongwei (Chairman) Frederick D. Go (Vice Chairman) Elfren Antonio S. Sarte (President & CEO)

Product Features

Min. financing amount ₱ 350000
Max.financing amount ₱ 20000000
Min. loan tenure 6 months
Max. loan tenure 240 months

Credit

Home loan

Interest Rates: 

years 1 2-3 4-5
fixed rates APR 7% 7,75% 8,75%

Minimum loan amount: 500 000 PHP
Maximum loan amount: Up to 90% of total contract price (Accredited Developers)
Payment terms: Up 20 years
Approval time: 5 banking days

  • Buying the following:
  • House and Lot Free place
  • Construction / Renovation of the House
  • Refinancing / Loan

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Auto loan

Brand New Auto Loan Rates:

months 12 18 24 36 48 60
rates APR 9% 9% 10% 10.4% 10.6% 11%

Used Car Loan Rates: 16.7% APR (12-18 months); 17% APR (2-4 years);
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: 1 banking day
Down payment: As low as 20% of purchase price

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Motorcycle loan

Interest Rates: 

years 1 2 3
fixed rates APR 60% 55,7% 54.2%

Minimum loan amount: 35 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: 6-48 months
Approval time: 5 banking days
Down Payment:
Regular/ Solo Bike/ Vespa Scooter- Minimum of 10% based on SRP
TODA Member – Minimum of 5% based on SRP
Big Bike- Minimum of 30% based on SRP
Non-conventional Vehicle – Minimum of 15% based on SRP

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Micro loan

Interest Rates:  3% per month
Interest Rebate:: 0.5% per month for those clients with on-time payments
Minimum loan amount: 5 000 PHP
Payment terms: Up to 3 months
Approval time: 1-3 banking days

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Jewelry loan

CASH in your precious jewelry at low interest rates with guaranteed confidential & private transaction and electronic appraisal
Interest Rates:  3% per month
Pawn: Gold or Diamonds
Payment terms: Up to 3 months
Approval time: 2 hours

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Salary loan

Salary Loan Program is a multipurpose personal loan facility for employees of accredited companies.
Interest Rates:  From 1,3% per month

  • At least 50 full-time employees
  • Work at least 3 years
  • Positive financial results preliminary accreditation
  • Company accreditation form General information sheet Company
  • Profile SEC registration, in accordance with laws and bylaws
  • Audited financial statement for the last 3 years with ITR
  • After accreditation
  • Notarized MOA
  • Notarized Board Decision / Secretary
  • Approval notice
  • Signatories Identifiers

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mSME loan

Interest Rates:  31.5% – 31.7% APR
Minimum loan amount: 300 00 PHP
Maximum loan amount: 2 000 000 PHP
Payment terms: 6 – 24 months
Approval time: 2-3 days

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Small Biz loan

Interest Rates:  8.3% – 8.7% APR
Minimum loan amount: 500 00 PHP
Maximum loan amount: 20 000 000 PHP
Payment terms: 6 – 24 months
Approval time: 2-3 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 upon loan application
– Not more than 70 years old at time of loan maturity
– Foreigner with appropriate Alien Certificate of Registration
Requirements:
General requirements
– Duly filled up and signed application form
– At least 1 Government Issued ID
– Marriage Contract ( if applicable )
For locally employed
– Latest Copy of Certificate of Employment indicating salary, position, and length of employment
– Latest Payslips
For overseas Filipino worker
– Latest employment contract of employment
– Latest Working Visa
– Latest Payslips or remittance slips
– Special Power of Attorney (Bank Format)
For self-employed
– ITR for the last three (3) years
– Audited Financial Statements for the past three (3) years
– Business Registration Documents (DTI, Mayor’s permit, etc)
– PRC ID (For Professionals)
Collateral Requirements:
– Photocopy of the Title
– Tax Declaration on land and improvement
– Lot Plan Vicinity Map certified by a Geodetic Engineer
– Appraisal Fee

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

Credit Card

ROBINSONS CASHBACK

Enjoy up to 3% rebate at Robinsons Stores and up to 1% rebate on all other merchants.

  • Financial fee
  • 3.50% rate of financial charges based on average daily balance (ADB
  • Membership fee
  • P100 / month (main)
  • P50 / month (optional)
  • The amount for the withdrawal of the cash
  • 9% of the amount

ROBINSONS BANK DOS MASTERCARDK

Unleash the power of 2-Gives with Robinsons Bank DOS Mastercard!

  • Financial fee
  • 3.50% rate of financial charges based on average daily balance (ADB)
  • Membership fee
  • 3000 P1 (main)
  • P 1500 (optional)
  • Amount for withdrawal – 9%

Debet Card

Visa Debet Card
The provision of financial and economic assistance basically served the purpose of our bank for every Philippine family. Robinsons Bank continues to tirelessly create innovative and high-quality products and offers the market a wide range of loan products – from autos, housing, personal belongings, motorcycles to innovative jewelry loans and cash dispensers through e-wallet.

Visa Debit daily purchase
50,000 php

Daily cash withdrawals at ATMs
50,000 php

Daily online purchase of Visa Debit
50,000 php

N / A card annual fee
Renewal card Free
Lost / stolen / damaged Php card replacement fee 150.00
Balance Request – Robinsons Bank ATM Free
Balance Request – International ATM Php 40.00
Balance inquiry – internal (other bank) Php 2.00 ATM
Cash withdrawal – International ATM Php 200.00
Cash withdrawal – domestic (other bank) ATM Php 11.00
Decrease / decline Visa Php 40.00
Commission for mark-up on foreign transactions 3% of the amount

FAQ

Banks do not accept household appliances, phones, designer bags as collateral, unlike some pawnshops. Also, banks often have interest rates for this type of loan do not exceed 3%, and at pawnshops interest rates usually vary from 3% to 7%.

The maximum term is 3 months.

Yes, to get a jewelry loan you will need documents proving your identity and confirming your solvency.
– Photocopy of any valid ID
– Proof of Income (any of the following):

  • Income Tax Return with FS
  • Pay Slips(latest 3 months)

– Form 2316 signed by the company/s authorized representative
– Certificate of employment
– Proof Remittance or pension
– Other income proof as may be deemed acceptable by the Bank

The bank sells your jewelry at auction.

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.

Initial registration is usually done by agents, so you get a copy of OR / CR. You must remember that the initial registration is valid for 3 years, so after that you need to renew it annually in LTO.

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.

Contacts

Full company name Robinsons Bank – A Commercial Bank
Address 7/F Galleria Corporate Center, EDSA cor. Ortigas Avenue, 1110 Quezon City
Phone number 702-9500 / 884-1057 / 345-2064
E-mail elfren.sarte@robinsonsbank.com.ph
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The Robinsons Bank Corporation is a commercial bank that provides banking services to retail and business customers in the Philippines. The company was previously known as Robinsons Savings Bank and in May 2011 changed its name to the Robinsons Bank Corporation. The Robinsons Bank Corporation was founded in 1997 and is based in Quezon City with branches in the Philippines. The Robinsons Bank Corporation operates as a subsidiary of JG Summit Holdings, Inc.In 2012, Robinsons Bank acquired a controlling stake in the Legazpi Savings Bank, based in Legazpi, Albay.

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Reviews

1 year ago

This has good services and plans

they gave me good advises about my business this is a great and good company and i love it its employees are really nice to me and there behavior was so nice i like it

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