• Interest rate (p.a.)

    16.80% - 18.00%

  • Loan Tenure

    1 - 3 years

  • Approval Duration

    Up to 5-7 banking days

  • Min. monthly income


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What's so great about Sterling Bank of Asia Personal Loan?
  • Enjoy terms of up to 36 months.
  • Use the loan for whatever you need.
  • Borrow any amount from ₱50,000 to ₱1,000,000.

Product Features

Min. financing amount₱50,000.00
Max.financing amount Up to ₱1,000,000.00
Min. loan tenure1 year
Max. loan tenure3 years
Interest rateFixed rate of 17.40% per annum, 1.45% per month add-on
Approval durationUp to 5-7 banking days
Debt consolidationNo

Fees & Charges

One time set up
Processing fee₱2,000.00 (employed) / ₱2,500 (self-employed)
Stamp duty₱1.00 for every ₱200.00 in excess of ₱250,000.00 of the loan amount
Disbursement & misc. feeN/A
Early settlementNone if you have informed the bank one month ahead.
Late payment charges₱300.00 or 5% p.a. on any balance outstanding, whichever is higher


Age requirementAge 21 - 60
Employment eligibilityAt least ₱30,000.00 monthly income
Min. salary requirement₱30,000 gross per month
Guarantor / Collateral requirementNo

Other Requirements

Need to open linked banked account?Yes
Other detailsMethod of Payment - Post-dated checks

Product Review byiMoney

If you haven’t heard about Sterling Bank of Asia, you would be surprised that it is actually part of their strategy. A relatively new provider in the banking and finance industry, they opened their first branch in March 2007. What started with 7 branches, has now grown to 47 branches located at key areas nationwide. Focused on offering a different kind of service, they target a segmented client base for both retail and commercial banking needs. They provide a wide range of services from deposits, loans, investments, and other financial products catering to small to medium enterprises, large-scale corporations, and retail customers alike. The personal loan offered by Sterling Bank of Asia is a non-collateral loan with borrowing amounts ranging from ₱50,000 to ₱1,000,000 having flexible payment terms starting from 12 months up to 36 months. The fixed interest rate is 17.4% per annum with add-on rate of 1.45% per month. The approval duration for this loan would take about 5 to 7 banking days. Borrowers will be eligible if they earn at least ₱30,000 monthly gross income with the need to open a bank account.

Advantages Of Applying With Sterling Bank of Asia Personal Loan

  • Offers a service with specialized approach to the client’s needs.
  • Flexible loan tenure.
  • Ample loanable amount.
  • Competitive interest rate.

Go over the details on this page for more information regarding this product.

Sterling Bank of Asia Personal Loan FAQ

How much can I borrow?

With a Sterling Bank of Asia Personal Loan, borrow as much as ₱1,000,000, subject to approval.

What are the Sterling Bank of Asia’s Personal Loan Requirements?

An applicant must fulfill Sterling Bank of Asia’s eligibility criteria for a loan:

  • Filipino Citizen.
  • 21 - 60 years old.
  • Minimum gross salary of ₱30,000 per month.
  • With home and office landline.
  • No adverse credit findings.
  • At least 1 year residency, if renting.
  • For employed:
      Employment tenure of at least 2 years with present employer except for BPO/Call Center Back Room and Manufacturing Companies which is at least 3 years.
  • For self-employed:
      Business in operation for at least 3 years and profitable for the past 2 years.

Consequently, after filling out an application form, the following documents are necessary:

Fully Employed applicants need:

  • Copy of 1 month latest pay slip.
  • Latest BIR Form 2316 with complete signature.
  • Photocopy of Company ID.
  • Photocopy of 1 Government ID.
  • Latest 2 months credit card statements (if any).
  • Certificate of Employment (for selected companies).

Self–Employed applicants need:

  • Business Permit.
  • DTI or SEC Registration w/ Gen. Information Sheet.
  • 6 months Bank Statements.
  • 2 years ITR with Audited Financial Statement.
  • Trade references (3 customers and 3 suppliers with contact details).

*Additional documents may be required during credit evaluation.

How does the Sterling Bank of Asia Personal Loan Calculator work?

The Sterling Bank of Asia Personal Loan calculator computes the estimated cost of borrowing and amount of payment per instalment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

Is Sterling Bank of Asia Personal Loan the right one for me?

As a relatively new comer in the banking industry, Sterling Bank of Asia demonstrated that they can go head-to-head with the major players by going for a more customized service aimed at a segmented client base. With sheer determination and a more focused approach towards their clientele, they are able to provide a high level of service with products that fit their client’s needs to a tee. Being a new brand can be a cause for concern for most of the consumers, however, if their level of professionalism is evident on how they conduct business compared to other providers, no doubt it would be a good decision to choose them as your partner provider.

If you would like to consider personal loans from various banks in the Philippines, you can start with a few below:

HSBC Personal Loan

Being one of the biggest international banks, HSBC Personal Loan offers flexible payment terms of 6 months to 3 years where you can borrow from as little as ₱30,000 to ₱500,000. Interest rate is also competitive at 1.21% add-on rate per month. To apply, you must be at least 21 but below 60 years old upon loan maturity and have a minimum gross monthly income of just ₱14,000.

Eastwest Bank Personal Loan

With EastWest Bank Personal Loan, you can quickly receive additional cash for any funding requirements that you may have. Borrow amounts ranging from ₱25,000 to ₱2,000,000 at only 18% interest rate per year, payable in 1-3 years. You have to be 21-65 (upon loan maturity) years of age with a minimum monthly income of ₱15,000 in order to be eligible.

Citi Ready Credit Personal Loan

As one of the most well known banks in the world, Citibank Ready Credit Personal Loan offers a zero collateral, multi-purpose loan with highly competitive rates. For as low as 17% fixed effective interest rate per annum, you can borrow from ₱20,000 up to a maximum of ₱2,000,000. Loan tenure is flexible, ranging from 1 up to 5 years. To be eligible, you need to have minimum ₱21,000 gross monthly income and at least 21 but not more than 65 years of age upon loan maturity.

If you haven't found the right option for you, we suggest that you visit our complete list of Personal Loan Lenders available on our website and find out which one matches your requirement.