Loan Amount

up to Php 250,000

Minimum Monthly Repayment

P500 or just 5% of monthly outstanding balance + over limit amount (whichever is higher). Amount paid becomes part of the available credit line.

Interest Rate

2.5% per month applied to the total daily outstanding balance

Form of Payment

·Via PSBank, Metrobank, BancNet ATMs nationwide

·Automatic Debit Arrangement with PSBank deposit accounts

·Cash or check over the counter

Accessibility

·ATM

·BancNet Point-of-Sale (as debit card)

·PSBank Money Card Checks (available upon request for approved credit line

of P50,000 and above)

Release of card

·Delivered via courier to place of work within Metro Manila

·For provincial areas, card is delivered to the client's preferred PSBank branch

Turn Around Time

5 days

Annual Fee

Annual fee of Php 1,500 or 1% of approved line (whichever is higher) charged in 3

equal monthly installments on the 1st year Php 1,500 on succeeding years

Citizenship

: Filipino

Residence

: Philippines

Age

: At least 22 years old but not older than 55 years old at time of line approval

Source of Income

: Employed or self-employed

Work Tenure

: At least 1 year permanent work status if employed or 2 years profitable in the same

business if self-employed

Monthly Income

: At least P10,000 gross monthly income if employed
: At least P30,000 net monthly income if self-employed

Others

: Must possess an active credit card
: With residential phone (landline or mobile) and business landline