China Bank Personal Loan: Calculator, Requirements, Interest Rate

China Bank Personal Loan: Calculator, Requirements, Interest Rate

What is China Bank?

Established in 1920, China Bank is a universal bank that operates in the Philippines and has a presence in several countries, including the USA, Singapore, Hong Kong, Brunei, Malaysia, Taiwan, UAE, Qatar, and Saudi Arabia, through its remittance services.

China Bank makes banking products and services easily accessible to businesses and individual clients. It offers a complete range of financial products like loans, credit cards, investments, foreign exchange, insurance, remittances, and online banking to Filipinos here and abroad.

China Bank personal loan, how does it work?

China Bank offers different types of loans, including AutoPlus, HomePlus, and SalaryPlus loans. If the company you work for partners with China Bank, a salary loan can be extended to you so that you have access to funds when you need them for emergencies, travel, debt consolidation, tuition, or personal consumption. This program is perfect for those who need money urgently, as the loan can be approved quickly because it has the backing of the company.

China Bank offers personal loans through its subsidiary China Bank Savings. Through the China Bank Savings Easi-Funds Personal Loan, you can get access to quick cash without collateral. The product offers a simple application process and fast approval, making it easy for you to get the money you need for unexpected expenses.

Aside from personal loans, the following products are made available to consumers:

  • China Bank housing loan

  • China Bank loan for teachers (through Easi-Automatic Payroll Deduction Salary Loan – Easi-APDS

  • China Bank personal loan for OFW

  • China Bank Freedom credit card (Mastercard)

How much does China Bank personal loans?

China Bank Saving’s Easi-Funds program offers a personal loan amount of PHP30,000 to PHP1 million. The terms and conditions of the loan are very flexible, with payment terms of 12, 18, 24, and 36 months.

China Bank personal loan interest rate

The interest rate for the Easi-Funds loan depends on the loan amount and loan terms. Rates can be anywhere from 2.73% to 2.92% per month, subject to further computations based on prevalent rates.

China Bank loan table (interest):

  • 12 months 2.73%

  • 18 months 2.89%

  • 24 months 2.86%

  • 36 months 2.92%

Is China Bank legit?

Yes. China Banking Corporation is listed with the Securities and Exchange Commission. This will help ensure that China Bank and its subsidiaries are complying with all applicable laws and regulations. In addition, China Bank will be required to disclose important information about its operations and financial condition on a regular basis. In addition, China Bank is part of the SM Group (SM Investments Corporation), which is one of the largest conglomerates in the Philippines.

How long does it take for the money to arrive?

The processing time for the loan application is 3-5 days. Upon approval, the funds will be released to your China Bank Savings account. If you choose to receive the money through a manager’s check, it has a 3-day clearing time.

China Bank personal loan benefits

China Bank Savings personal loans come with a variety of benefits. The interest rates are lower than most credit cards, and there is no need to have a perfect credit score to be approved. In addition, the loan can be used for any purpose, so it's a great option for those who need money for a big purchase or an unexpected expense. Another benefit is that the loan can be repaid over time, making it more affordable and convenient than a credit card or other loan options.

Finally, China Bank doesn’t require a lot of documentary requirements, so the loan application is easy and fast.

How to make an online application for a China Bank personal loan?

To apply for a China Bank personal online loan application, go to the China Bank Savings Easi-Funds loan application portal . You need to fill out the Customer Information Sheet. The bank will ask for personal and employment information. You also have to indicate your desired loan amount and loan terms. Be sure to provide accurate information and attach all required documents. After submitting the application, you will receive a loan decision within 5 business days.

China Bank savings personal loan requirements

  • Must be a Filipino citizen, 21-55 years old

  • Must be employed or has a source of income

  • Latest 1x1 ID picture

  • Valid ID with photo and signature of the borrower

China Bank personal loan calculator

A loan calculator is a handy tool to determine how much you will pay on a loan each month. This information can help you decide if you can afford the monthly payment and how much you will save in interest over the life of the loan by comparing different loans.

China Bank Savings has a loan calculator on their website which you can use. Simply enter the amount of money you want to borrow, the number of months it will take you to repay the loan (payment term), and your monthly gross income. The calculator will then show you how much your monthly payment will be.

China Bank personal loan application form

The application form is available online at the China Bank savings website. You just have to fill it out and submit the necessary documents.

How to pay for the China Bank personal loan?

You can pay your loan over the counter at any China Bank Savings or China Bank branch.

What happens if I can’t pay?

When you take out a loan, you agree to pay it back over time with interest. If you can't make your payments, you will be charged with late payment charges, penalties, and additional charges. China Bank can take legal action to recover the money you owe. This may include taking money from your paycheck, seizing assets, or garnishing your wages.

Failing to repay a loan can have serious consequences. Your credit score will take a hit, and you’ll have a hard time getting a loan from banks and lending institutions in the future. So be sure to budget carefully and only borrow what you can afford to repay.

China Bank, customer service

  • China Bank Hotline Contact Number: (632) 888-55-888

China Bank Savings:

  • (632) 8988-9555
  • (632) 8884-7622
  • (632) 8884-7878

    Email address:

    China Bank Savings does not publish their email address, but you can get in touch with them via the Contact Us form .

    China Bank personal loan, reviews

    China Bank personal loan has generally positive reviews, largely due to how easy it is to apply online. What’s more, there’s minimal documentary requirements. This makes the processing time faster and the release of funds quicker.

    Have you the China Bank personal loan? Share your experience here.

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    This article was updated on 20 july 2022