Sterling Bank of Asia's personal loan was just offered to us by our trusted agent. We are looking for additional loan for the business then and our agent told us about this newbie bank. I did not use the business' Income Tax Return (ITR) and instead used mine in the office. My agent told me that it will be more easy and convenient on our part to apply that way.
As to requirements, the usual ones like application form, latest ITR, one month payslip, copy of the latest billing (water, electricity, etc.) and certificate of employment. After faxing all these documents my agent worked out on the processing. Within a week, there's this bank representative who went to my house for credit investigation (CI) and then another week I received a text for the approval. The interest rate and terms of payment is reasonable and flexible as well. The release of loan proceeds is very convenient. I just need to go to their main office in Greenhills, San Juan to claim the check and encashment. I just waited for two to three hours to complete everything till I encash the check.
Although it's quite new especially the loans department, I could say that they gave me a reasonable loan amount as well as the terms of payment. I issued 24 post dated checks for the monthly amortization.
My agent told me that if I will be religious with my obligations Sterling Bank will increase my next loan in case of renewal. Sweet deal!!!