Salary Loan
The PBB Salary Loan provides quick access to funds for qualified regular and permanent employees of accredited companies. It can be used for various needs such as education, medical expenses, weddings, household costs, or travel.
Quick funds when you need them—apply with ease!
Features
Get quick access to funds with low rates and flexible payment terms—ideal for your personal needs.
Loan Amount
₱10,000 to ₱1,000,000 available loan range
Loan Term
Choose from 6, 12, 18, 24, or 36 months
Eligibility Criteria
Company Eligibility for accreditation
- Registered with DTI (for sole proprietorship) or SEC (for corporation or partnership)
- Has been in profitable operation for the last three (3) years
- With at least 20 regular/permanent employees
- Low resignation rate
- With centralized and automated payroll
- Company must be willing to perform salary deduction and remit monthly payments
- Company must be within the serviceable areas of PBB branches
- No adverse findings on the company and its owners or major stockholders
- No labor problem is observed
- Company must not belong to the following avoid industries
Borrowing Employee Qualifications
- Regular/permanent employee of the Accredited Company
- Must be a Filipino Citizen, natural or duly naturalized
- At least 21 years old and not beyond the mandatory retirement age of their employer upon loan maturity, which shall not exceed 65 years old.
- Permanent and current addresses must be in the Philippines
- Must not have any pending case with the respective Accredited Company
- Have not filed any notice of resignation / early retirement with the Accredited company
Requirements
Employee
- Completely filled-out and signed Application Form (provided by the Bank)
- Duly accomplished Promissory Note and Disclosure Statement (provided by the Bank)
- Photocopy of Company ID & one (1) government-issued ID (with specimen signature)
- Photocopy of latest one (1) month payslip
Company
Pre-Accreditation Requirements
- Company Accreditation Application (provided by the Bank)
- Company Profile (if any)
- Audited Financial Statements for the last three (3) years
- Income Tax Return for the last three (3) years
- Certificate of Registration with SEC, Articles of Incorporation and By-Laws
- General Information Sheet (latest on file with SEC)
- Three (3) suppliers and customers with contact person and number
- Valid IDs of authorized signatories and stockholders
Post-Accreditation Requirements
- Secretary's Certificate
- Memorandum of Agreement