Back2Back Loan

Keep your account balance well above maintaining. Loan against your deposits while still earning dividends/interest with this secured loan.

Features

  • Guaranteed low interest rates
  • Fast processing of loan approval
  • Flexible payment terms (up to 36 months/3 years)
  • Loan up to 90% of account balance (not including minimum maintaining balance)

Requirements

  • PSSLAI Account as collateral
  • Post dated cheques for BTB 2, 3, and 5

Interest Rate

  • Choose from our various easy modes of payment:
    • BTB1 – Advance Interest, Principal upon Maturity; Maximum Loan Term: One (1) year, Renewable
    • BTB2 – Monthly payment on Principal and Interest; Maximum Loan Term: One (1) year, Renewable
    • BTB3 – Monthly Payment on Interest, Principal upon Maturity; Maximum Loan Term: One (1) year, Renewable
    • BTB4 – Principal and Interest upon Maturity; Maximum Loan Term: One (1) year, Renewable
    • BTB5 – Monthly Payment on Principal and Interest; Minimum Loan Amount of P500,000; Loan Term: Six (6) to Thirty-six (36) months, Renewable

Charges

  • Documentary Stamp tax: Php1.50 for every Php200 for loans above Php250,000