• Works like a credit card but with lower interest rate versus a credit card’s revolving rate.
  
  

• Cash withdrawal anytime and anywhere (Cash advance facility of credit cards also entails a 5% fee on top of the revolving rate).
  
  

• Payments made could be used again in the future, if needed. No need to re-apply.
  
  

• Interest is applied only on the amount used and not on the entire credit line amount.
  
  

• PSBank Prime Rebate:
   

  • Allows customers to earn rebates or savings when they make advance or excess payments on their PSBank Flexi Personal Loan’s monthly due.
     

    • The rebate is automatically applied to all new and existing term loans. The client does not need to register or enroll to get the rebate.

    • Rebates earned from advance/excess payments are computed on a daily basis–including weekends and holidays, starting on the date the payment is posted, and credited every due date.

    • Rebate is applicable to advance/excess payments for the total term loan amortization due.

    • Prime Rebate is not valid for loans under a zero-interest rate promotion or program.
       

  • How does the PSBank Prime Rebate work?
     

    • Make an Advance Payment: For example, when you pay five (5) days before your loan’s monthly due date, you will actually earn a rebate on a daily basis from the day your payment was posted to the day before your loan’s due date.

    • Make an Excess Payment: If you pay in excess of the amount required on your due date, you will earn a rebate on a daily basis from the date of posting up to the day before the next due date.

BOOKING FEES AND CHARGES

POST - BOOKING FEES AND CHARGES

ATM SERVICE FEE

Note: All aforesaid fees and charges will take effect immediately and may be cancelled or modified anytime at the Bank’s sole discretion without any prior notice.

• Filipino individuals residing in the Philippines
  
  
• Age of borrower should range from 22 years old to 54 years old upon application
  
  
• If employed, at least two years permanent work status with one year tenure in current employer
  
  
• If engaged in business, must be operating profitably for the last three years
  
  
• Gross monthly income of at least PhP15,000 for employed and PhP30,000 for self-employed
  
  
• With residential landline or mobile number, business landline and email address
  
  
• Preferably an active credit cardholder

• Completely filled-out PSBank Flexi Personal Loan Application Form
  
  
• Photocopy of any of the following identification cards: 
  • List of Acceptable IDs:

    • Primary ID’s

      1. PhilID and various formats of PhilSys Digital ID / e-PhilID
         (with three (3) specimen signatures required)

      2. Philippine Passport ID/ Signature

      3. Digitized Driver’s License (Professional or Non-Professional) ID

      4. Professional Regulations Commission (PRC) ID

      5. Digitized Postal ID

      6. Digitized Social Security System (SSS) ID

      7. Digitized Unified Multi-Purpose ID

      8. Digitized Voter’s ID

      9. Digitized Overseas Workers Welfare Administration (OWWA) or Overseas Filipino Worker (OFW) ID

      10. Government Service Insurance System (GSIS) E-Card

    • Additional One (1) Primary ID

      1. Digitized Pag-ibig Loyalty Card

      2. Digitized Tax Identification Number (TIN) ID

      3. Digitized Firearms License ID

      4. Integrated Bar of the Philippines (IBP) ID

      5. Digitized Seaman or Seafarer’s Book

    • Additional Two (2) Secondary IDs

      1. Person with Disability (PWD) ID

      2. Non-Digitized Voter’s ID

      3. Non-Digitized Postal ID

      4. National Bureau of Investigation (NBI) Clearance

      5. Barangay Clearance Certificate / ID

      6. Police Clearance Certificate / ID

      7. Company Issued ID by Private Entities Registered or Regulated by BSP/SEC/IC

      8. Photo-Bearing and Signature-Bearing Student Driver’s Permit / License with Official Receipt (O.R.)

• Photocopy of BIR form 2316 for employed applicants
  
  
• Photocopy of BIR form 1701 for self-employed applicants with Audited Financial Statements with BIR stamp for the past 2 years
  
  
• For credit cardholders, original copy of the latest credit card billing statement (with the client as the PRINCIPAL cardholder)

A cooling-off period of two (2) banking days is granted from the receipt of the Flexi card. During the cooling-off period, the borrower may cancel or terminate the loan without penalties, by submitting a written notice to the Bank, provided that no drawdown or availment has been made on the loan; and he/she shall be entitled to a refund of the fees or payments made, if any and as applicable. The Bank, however, reserves the right to collect reasonable processing and administrative fees to cover the costs incurred during the loan processing.  The cooling-off period is available for financial consumers who are individuals, or micro and small enterprises as defined in applicable DTI regulations.

Truth and Transparency in Lending
Enhanced Implementation of the Truth in Lending Act (Republic Act 3765)

The State protects its citizen from a lack of awareness of the true cost of credit to the customer by assuring a full disclosure of such cost and other terms and conditions with a view of preventing the uninformed use of credit.

As such, a disclosure statement is a required attachment to the loan contract. It shall include, at a minimum, the following information:

1.) Total amount to be financed
2.) Finance Charges and all other charges incident to the loan
3.) Net proceeds of the loan
4.) Schedule of Payments
5.) The percentage that the finance charge bears to the total amount to be financed expressed as an Effective Interest Rate (EIR)

Important Notice: The Bank is required to provide the borrower a copy of the disclosure statement prior to the consummation of the credit transaction.

For more information:

• Chat with us through PSBank LiveChat, para lahat ng tanong mo may sagot ora mismo!
• Contact our Customer Experience (CX) Sales Department at (632) 8845-8859 or (0917) 813-8330.
• Visit any PSBank branch near you!