Chinatrust salary stretch loan
By Crissy Taruc on
This came through a phone call offering my husband for an all-purpose and no-collateral Chinatrust salary stretch loan. The interest rate, the loan able amount and the payment options are very flexible and competitive. We tried to avail for a 100,000 peso loan and in one week time we received an ATM card where the proceeds of loan were deposited. We paid the monthly amortization for one year on time so they gave us a second offer of 165,000 pesos @ 1.5% per month with 3 years to pay. We are done with the 1/3 part of this loan but their agents are already offering us for a renewal at a higher amount for us to get a substantial proceeds.The personal loan can be used freely by us to whatever purpose we wanted to and customer service is great. Application is very easy. They interviewed my husband over the phone about some personal information then told us to prepare some documents to be faxed in their office and then after that we received a call for the approval and details about the release.
This seems to be a much safer way to help defray expenses at a highly competitive interest rate. In the US, we unfortunately have to many instant payday loans with outrageous interest rates.
I also receive calls from Chinatrust agents offering this kind of loan but didn't avail yet. But I might get a loan for that bakery business I've been planning.
165,000 pesos @ 1.5% per month with 3 years to pay... from simple calculation the interest is high cos it is 18% per annum. Anyway some help is better than no help, thanks for sharing.
If any would like to avail of the personal loan (no-collateral,no-comaker) from Chinatrust (Salary Stretch), you may visit and submit on-line application thru www.PinoyCreditGuide.webnode.com We also assist other major banks in the Philippines with regards to loan and credit card application for FREE! - Open for Philippine residents only