Financing Programs Loans and Financing Programs for Micro, Small and Medium Enterprises

Salary Loan from Asiatrust Bank

Program Objective: To enhance employees' benefits program without extra cost to the company. These are short-term multi-purpose loan package granted to regular employees of accredited companies subject to salary deduction scheme.

SL Facility Type:

• With Company Guarantee without Co-Maker; or Without Company Guarantee with Co-Maker.

Eligible Borrowers:

• Regularly employed with the Company for at least 2 years;
• At least P8,000.00 monthly salary (including fixed allowances) for the rank and file:
• At least P15,000.00 monthly salary (including fixed allowances) for the officers.

Loan Purpose: Emergency or ready cash

Terms/Requirements:

Loan Amount:

• Minimum of P10,000 and maximum of P30.000 for rank and file employees;
• Minimum of P10,000 and maximum of P250.000 for officers.

Note: Monthly amortization should not exceed 30% of net monthly income and should commence 30 days after loan release.

Loan Release: Loan proceeds to be credited to the employee-borrower's zero balance ATM account or through Manager's Check.

Interest Rate: 0.90% add on rate

Term/Mode of Payment: Payable for 6, 12, 18, 24 months; via salary deduction to be remitted to the bank via Company Check or to be debited from the company's mother account in Asiatrust Bank on a monthly basis.

Contact Details:

Asiatrust Development Banks
Salary Loans Group
1424 Quezon Avenue, Quezon City
Phone (632) 924.5608 : 924.5711 : 924.5770
e-mail: smg-slu-avail@asiatrustbank.com