CTBC Bank

If you are looking for a short or long-term personal loan that can also be approved by a bank within 24 hours, then CTBC is the ideal bank for you.

This bank offers flexible personal loans with the lowest interest rates in the Philippine market. The minimum amount of money that can be requested is PHP 20,000 and you can obtain up to a maximum of PHP 1,000,000. The repayment term of the loan is between 12 and 36 months.

The good thing about this bank is that the interest rates are among the most flexible, which guarantees that applying for a personal loan does not put additional pressure on your personal finances.

 It offers an interest rate starting from 28%. However, everything will depend on the terms of the loan and your credit profile. In addition, you must bear in mind that there are other additional monthly rates that can range from 1 to 2%.

CTBC History

This bank is a trusted institution dealing with consumers and retailers nationally and internationally. This bank was one of the first institutions to be established in Taiwan and provides services to consumers such as: deposits, investments, personal loans, savings accounts, etc.

This bank operates in the Philippines with total quality and they have branches in the main cities.

It also has international offices in Japan, Canada and the USA.

The bank was founded in 1996 and was known at that time as Chaina securities and Investment Corporation. However, in 1997 the company decided to change its name. The bank has continued to grow and since 2007 it has been operating  in several Asian countries.

It is one of the banks that has grown the most in Asia and is also the favorite of many Asians.

Main branches and ATMs of CTBC bank

The main branches of this bank can be found in Taiwan, the United States and Canada. However, it has few overseas branches and among them are some located in the Philippines.

You can also access this bank through its 184 ATMs that you can find in different shopping malls and banks within the Philippines.

Requirements for a CTBC personal loan

If you want to obtain a personal loan with this bank, you must meet the following requirements:

• You must be between 23 and 60 years old.
• You must have a minimum annual income of 18,000 PHP.
• You must have been employed for a period of between 1 to 3 years in the same company.
• It is also possible that you will be asked for other additional documents in order to evaluate your application.

Once the bank studies your application, it can be approved within 3 to 5 business days. Philippine banks typically take 20-30 days to process a personal loan application. With which, of the fastest and most flexible banks that offer a personal loan which need just a few requirements.

Fees, Charges, and Penalties

The processing fee for your personal loan application costs about PHP 1,500, in addition, other additional expenses or commissions may be included.

The good thing is that you can repay your loan early without the bank charging you any kind of commission. The only thing you should keep in mind is that you must notify them one month in advance.

In the event that you fall behind with any of the installments of your personal loan, the installment fee will be increased by 5% on any outstanding balance you may have.

Advantages of CTBC

The advantages of requesting a personal loan in this bank are the following:

• They offer flexible conditions to their clients.
• You can access online banking.
• They operate in many countries.
• In the Philippines you can find branches and ATMs.
• The requirements to access a personal loan are minimal.
• Other interesting financial services or products can be obtained.

Disadvantages of CTBC

The only drawback is that the bank does not have a presence in small towns in the Philippines and this can be inconvenient for people who want to access the services from this bank.

CTBC Reviews

The clients of this bank are satisfied with the service offered by the bank since they operate in the country and offer personalized customer service.

In addition to being able to apply for a personal loan, you can also open a bank account with many advantages over other Philippine banks.

The good thing about their network of ATMs is that they are available in the country and also have an international presence in other countries globally, in case you are a frequent traveler. This is a detail that other Philippine banks do not take into account for their clients.

CTBC customer service

In any branch you can access personalized customer service. Any doubts or problems that you have, can be solved in a quick and efficient way.