China Bank SalaryPlusPartner with us in fulfilling your employees’ dreams and ambitions.
Benefits of China Bank SalaryPlus to the Employees
Get Your Company Accredited Now!
Post Company Accreditation Requirements
Minimum Loanable Amount: PHP 15,000Maximum Loanable Amount: PHP 1 MillionPayment Terms: Up to 36 MonthsApproval Time: 2-3 Banking DaysLoan Terms: 6, 12, 18, 24 and 36 months
Employee-Borrower Eligibility Requirements
Loan Application Documentary Requirements
Email: firstname.lastname@example.orgTel. Nos: 8885 5555 locals: 6172-6175
How to Apply for a SalaryPlus
Step 1: Find out if your Company is accredited.Step 2: Submit the accomplished application form together with the requirements to your Company HR or Relationship Manager.
Loan proceeds will be credited to your China Bank payroll account within 2-3 banking days upon receipt of duly signed Promissory Note and Disclosure Statement.
Please contact Multi-Purpose Loans Division for the updated interest rate.
Salary loan payment will be through salary deduction in a fixed amortization.
Your monthly repayment will be dependent on the approved amount and tenor of your loan. Interest shall be computed based on the outstanding balance of the loan at the beginning of an interest period. An amortization schedule and disclosure statement will be provided upon loan approval. To have an estimate of possible monthly amortization, you may refer to the sample loan amortization table available thru your HR or your Relationship Officer.
You may choose to re-avail the loan anytime via a.) New Loan or b.) Loan Top-up, subject to your company’s endorsement and bank’s final approval. For Top-up, the loan balance of the existing loan will be consolidated with the new loan application.
Contact your Relationship Officer for consultation. After, you may proceed with the reloan or top up by submitting the requirements together with your application form through your HR. Reloan is subject to the bank's credit review and approval.
You may choose to pre-pay or pre-terminate your loan anytime, without any charges or fees. If you choose to pre-terminate the loan, the interest that will be collected will be up until the day you fully paid the loan. Please reach us thru email@example.com or your Relationship Officer for the pay-off computation.
In accordance with the Debit Authority, you signed, your last pay will be remitted to China Bank to effect partial or full payment of the loan. If insufficient, your account may be converted to a regular personal loan and the interest rate will be adjusted to the prevailing commercial interest rate subject to the bank’s review and approval.
If your loan has been converted to a regular personal loan due to resignation and insufficient last pay, you may pay via over-the-counter at any nearest China Bank Branch or via online bank transfer. Please contact your Relationship Officer for the details.