Sure Fund
MULTI-PURPOSE LOAN
| PURPOSE | Any legal purpose/ personal consumption |
| ELIGIBILITY OF BORROWERS | FOR ACCREDITED COMPANY/ GOV’T AGENCY - Permanent Employee for at least 1 year
- A regular career employee, in the case of government agency
- Have no pending administrative case filed against him/her
- Have no pending application for retirement or not due for retirement within the term of the loan
- Must have a Monthly Net -Take Home Pay of at least P 6,000
FOR MARKETED SALARIED INDIVIDUAL - Must be a Filipino Citizen or in case of foreigners, must be residing in the Philippines for more than two (2) years
- At least 21 years old at the time of application but not more than 60 years old at loan maturity
- Monthly Net-Take Home Pay of at least P 8,000. Amount should also be net of amortizations on existing loans if any which are not yet deducted from the monthly salary
- Must have permanent residence or business address
- A regular/permanent employee with the present employer for at least 1 year
- No adverse findings in CMAP / NFIS with the past two (2) years.
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| LOAN AMOUNT | | | Minimum | Maximum |
|---|
| Accredited Company* | | | | - Private | 10,000 | 1,000,000 | - Government
| 10,000 | 100,000 | | Marketed Salaried Individual | 20,000 | 1,000,000 |
*Company/Government Agency Limit
A maximum aggregate loan amount limit shall be determined for every accredited company / government agency |
| TERM OF LOAN | 3, 6 , 12 ,18, 24 and 36 months |
| INTEREST RATES | Add-on rate (AOR) currently at 1.25% per month and shall be fixed for the entire term of loan |
| MODE OF RELEASE | - Issuance of a Manager’s Check; or
- Credit to the borrower’s deposit account with PNB; or
- Issuance of a Debit Card, when applicable
|
| REPAYMENT SCHEME | Equal monthly installment in arrears |
| MODE OF PAYMENT | FOR ACCREDITED COMPANY / GOV’T. AGENCY - Amortization payments shall be deducted from the salary and remitted to the bank
FOR MARKETED SALARIED INDIVIDUAL - Post dated checks (PDCs)
- Auto Debit vs. PNB account
|
| FEES AND CHARGES | The proceeds to be released to the borrower shall be net of applicable fees and charges. - Processing Fee – P1,500.00
- Doc stamps P1 for every P200 or a fraction thereof of the approved loan amount (applicable only on approved loans amounting to P250,000 and above )
- Cost of Debit Card, when applicable
|
| DOCUMENTARY REQUIREMENTS | FOR ACCREDITED COMPANY/ GOV’T AGENCY - Fully accomplished and signed application form
- Authenticated photocopy of company ID with picture
- Original Certificate of Employment or current month pay slip
- Copy of latest BIR for 2316 (W2) or ITR with BIR stamped
FOR MARKETED SALARIED INDIVIDUAL - Fully accomplished Application Form
- Copy of latest BIR Form 2316 (W2) or ITR with BIR stamped
- Photocopy of two valid government issued IDs; applicant to affix his three (3) specimen signatures on the photocopy
- Original Certificate of Employment with compensation or photocopy of 1 month’s pay slip issued within three (3) months
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Click here for FAQs
Click here to Download Application Form (for individual borrower)
Click here to Download Application Form (for accredited company)
