Only employees of accredited companies may apply for a salary loan. Inquire with your HR or company representative to know if your company is accredited. If yes, the borrower-eligibility requirements below apply to you:

• Regular Employee 
• Must be 21 to 65 years old 
• Gross Monthly Salary of PHP 15,000 
• Minimum Work Tenure of 2 years 
• No pending case or is not subject to any internal investigation or complaint 
• No negative credit findings 

Here are the following requirements to apply for SalaryPlus Loan:

• Original Copy of Certificate of Employment (COE)
• Latest 3 Months payslips
• Company ID + 1 Valid Primary Government ID
• Salary Loan Application Form 

Approval takes 2-3 banking days. 

Loan proceeds will be credited to your China Bank payroll account or any nominated bank account upon approval of your loan application. 

If you're interested to apply for a SalaryPlus Loan again, you may reapply after 6 months.

You have the option to pay the loan for: 6, 12, 18, 24 and 36 months. 

Applicants may borrow from P15,000 to P1,000,000, subject to bank's review and approval.

Please contact the Multi-Purpose Loans Division at 888-55-555 locals: 6172-6175 or email salarypluscare@chinabank.ph for the updated interest rate. 

Here are the following applicable fees for a SalaryPlus Loan appication:

• Processing Fee: Please contact the Multi-Purpose Loans Division for the updated fee.
• Documentary Stamp Taxes: Php1.50 for every Php200 or a fraction thereof of loan proceeds for loans above PHP250,000 or loan purpose is for business use.
• Late Penalty Fee: 36% per annum on all overdue amortizations. This is subject to change with prior notice. 

Your monthly repayment will be dependent on the approved amount and tenor of your loan. Interest shall be computed based on the outstanding balance of the loan at the beginning of an interest period. An amortization schedule and disclosure statement will be provided upon loan approval. To have an estimate of possible monthly amortization, you may refer to the sample loan amortization table available thru your HR or your Relationship Officer. 

Your monthly amortization is fixed and allows you to plan and manage your monthly cash flows. We refer to this payment scheme as Straight-Line Method.

SalaryPlus Loan is paid through salary deduction.