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Personal Loans

Personal Loan is a multi-purpose loan that can be availed by employees and business owners. 
No collaterals are needed.  Fast release of the loan in 3 days.

Loanable Amount 
Employed: PHP 100,000 – PHP 500,000.00
Self-Employed: PHP 300,000 – PHP 2,000,000

Loan Terms
Employed: 6-12 months
Self-Employed: 6-12 months

Benefits

  • Fixed interest rate
  • Customizable Terms
  • Three (3) days turn-around time

Eligibility

  • Age: The loan applicant must be between the ages of 25 and 65 years old by the loan maturity date The loan applicant must have an existing bank account for at least one year.
  • Income: The loan applicant must have an existing bank account that is at least one year old

Documentary Requirements Personal Loan

 

FOR SELF-EMPLOYED FOR EMPLOYED

Borrower:

  • Signed Application Form
  • Copy of 1 Primary Government ID
  • Proof of Billing (Electric or Water Billing)
  • Personal Check

Borrower

  • Signed Application Form
  • Copy of 1 Primary Government ID &
  • Company ID
  • Proof of Billing (Electric or Water Billing)
  • Personal Check

Co-Borrower:

  • Signed Application Form
  • Copy of 1 Primary Government ID
  • Proof of Billing (Electric or Water Billing)
  • Personal Check

Co-Borrower:

 

  • Signed Application Form
  • Copy of 1 Primary Government ID
  • Proof of Billing (Electric or Water Billing)
  • Personal Check

Financial Documents

  • Authorization Letter to Verify Bank Account
  • Latest Three (3) Months Bank Statements or Passbook
  • Latest 2 years ITR with AFS
  • Latest Proof of Transactions

Employment Documents

  • Latest 3 months’ pay slips
  • Latest ITR and COE
  • HR Details: Contact Number and Email

 

Business Documents

  • DTI
  • Business Permit
  • If Corporation: GIS, Articles of Incorporation & By-Laws
  • Trade References: (3 Suppliers and 3 Customers)
  • Pictures of Business

Personal Loan Application Form

Start your loan application today, and a member of the MCC team will reach out to discuss next steps within one business day.

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    Find out more about your loan eligibility, the value of your commercial real estate, and what else MCC can do for you. Talk to a member of the MCC team.
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