This type of loan is available to salaried individuals who holds regular employment status or Appointment for Teachers and Oath of Office for LGUs. Minimum loanable amount is Php 5,000.00 and maximum 0f Php 150,000.00 or its foreign currency equivalent depending on the basic salary received subject to applicable processing fees. Payment term ranges from 3 to 12 monthly equal installments.
Co-maker is required who should be gainfully employed or have a stable source of income or have proof of its capacity to pay, ideally with no existing loan with ISLÆNDER, other lending / financing institutions or bank and not a co-maker of any other borrower.
To discuss more about the requirements and applicable interest rates, please call or email us to book an appointment.