Check Here the Sterling Bank Cash Loan Requirements for Applicants

STERLING BANK CASH LOAN REQUIREMENTS – Here is a guide on the qualifications and the documents that you need to meet in applying for the loan offer.

A lot of people prefer borrowing from banks because of the fixed and detail transactions or contract. In the Philippines, several banks have multiple loan offers and one of the reputable entities is the Sterling Bank of Asia.

The Sterling Bank of Asia is operating in the country for several years already. It has gained the trust of millions of Filipinos not only across the nation but as well as abroad. It has several clients who have different types of bank accounts they use in different purposes.

Countless Filipinos have also availed the different types of loans offered by the Sterling Bank of Asia. Are you looking for a multi-purpose cash loan that can provide you with a financial solution?

One of the loan offers of the bank is “Persona”, a multi-purpose cash loan offer. It can be used in making personal purchases, consolidating loans, paying bills, paying for tuition fees, etc.

Who are qualified to apply for the loan offer? Here are the Sterling Bank cash loan requirements to be eligible to apply for the loan offer:

• Filipino Citizen
• at least 21 years old upon the loan application but not more than 60 years old upon the loan maturity
• with a minimum gross salary income of Php 30,000 per month
• with a home or office landline
• without adverse credit findings
• at least one (1) year residency if renting
• gainfully employed or self-employed
  • If employed, employment tenure of at least 2 years with present employer
  • If self-employed, business in operation for at least 3 years & profitable for the last 2 years

The Sterling Bank cash loan requirements include documents that must be submitted in applying for the loan offer. There are varying requirements among the employed and self-employed individuals.

Here are the documents that must be submitted by the employed individuals in applying for the loan offer:

• duly-filled-out Sterling Bank of Asia Personal Loan Application Form
• copy of latest 1 month payslip
• Latest Income Tax Return (BIR FORM 2316)
• photocopy of valid Company ID
• photocopy of valid Government-issued ID
  • Passport
  • Driver’s license
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Taxpayer Identification Number (TIN) ID
  • Barangay Certification
  • Government Service Insurance System (GSIS) e-Card/Unified Multi-Purpose ID (UMID)
  • Social Security System (SSS) ID
  • Senior Citizen ID Card
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration/Immigrant Certificate of Registration/Special Investor’s
  • Resident Visa (SIRV)/Special Resident Retiree’s Visa (SRRV)
  • Government Office and GOCC ID (e.g. Armed forces of the Philippines (AFP), Home
  • Development Mutual Fund (HDMF ID))
  • ID issued by National Council on Disability Affairs (NCDA)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines (IBP) ID
  • Company IDs
  • School ID signed by the principal or head of the institution (For Filipino Students only)
  • PhilHealth Health Insurance Card ng Bayan
  • Birth Certificate issued by the Philippine Statistics Authority (PSA)
  • Philippine Identification (PhilSys ID/Philippine ID (PhilID)/National ID)
  • Philippine Identification System (PhilSys) Digital ID and Printed e-Philippine Identification (ePhilID)
• Latest 2 months credit card statement of account, if applicable
• Certificate of Employment

The Sterling Bank of Asia loan offer is not only opened for salaried individuals but as well as the non-salaried individuals. There are countless Filipinos who are earning every month but not from employment.

There is a different set of Sterling Bank cash loan requirements for the self-employed individuals for application. Here are the documents required by the bank:

• duly-filled-out Sterling Bank of Asia Personal Loan Application Form
• Valid DTI or SEC Registration with General Information Sheet
• copy of latest Bank Statements
• copy of latest Income Tax Return (ITR) and Audited Financial Statement (AFS)
• latest two (2) months credit card statements
• Trade references (3 customers & 3 suppliers with contact details)