- Interest Rate (p.a.)
36.00% - 36.00%
- Loan Tenure
0.5 - 1 years
- Approval Duration
Up to 1-3 working days
- Min. monthly income
What's so great about South Asialink Credit Corporation Salary Loan?
- 3% interest rate per month
- Get approved in as fast as 3 days
- No credit card required
|Min. financing amount||₱15,000.00|
|Max.financing amount|| ₱250,000.00|
|Min. loan tenure||6 months|
|Max. loan tenure||12 months|
|Interest rate||3% per month|
|Approval duration||Up to 1-3 working days|
Fees & Charges
|One time set up|
|Processing fee||4% of loan amount|
|Disbursement & misc. fee||N/A|
|Early settlement||Rebates are computed by Accounting Department.|
|Late payment charges||₱1,500 or 15% of monthly amortizations (whichever is higher)|
|Age requirement||Age 21 - 59|
|Employment eligibility||At least ₱50,000.00 monthly income|
|Min. salary requirement||₱50,000 gross per month|
|Guarantor / Collateral requirement||No|
|Need to open linked banked account?||No|
|Other details||Method of Payment - through ML or Cebuana Lhuillier payment centers|
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South Asialink Credit Corporation Salary Loan FAQ
How much can I borrow?
With an SACC Salary Loan, borrow as much as ₱250,000, subject to approval.
What are the South Asialink Credit Corporation Salary Loan Requirements?
An applicant must fulfill SACC's eligibility criteria for a loan:
- At least 21 years old; 59 years old upon loan maturity
- Must have a minimum salary of at least ₱50,000
- Employed with a company of at least 50 employees (SEC registered)
- No derogatory records with banks and other financing company
- Rank and file employees up to managerial level is allowed.
Consequently, after filling out an application form, the following documents are necessary:
- Basic Documentary Requirements
- Company ID
- 2 months payslip with payroll bank statement
- Certificate of Employment (latest or at least 2 months old)
- 3 references (relative or friend not living with the borrower)
- Co-maker with income
*Additional documents may be required during credit evaluation. Linked bank account is required for all those with ₱250,000 and above loan approval.
How does the South Asialink Credit Corporation Salary Loan Calculator work?
The SACC Salary Loan calculator computes the estimated cost of borrowing and amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
If you are currently undergoing financial issues for whatever the reason, here are other alternative banks that can provide additional funding to help you get through your urgent money troubles:RCBC Savings Bank Personal Loan
Security Bank Personal Loan
UCPB Yes Salary Loan
Still searching for better options? Visit our site for the full list of personal loan lenders and compare each one to find the financing provider that suits your current cash needs.