What is PSBank?
PSBank is one of the leading banks in the Philippines. Their aim is to help people succeed and grow through their services. It offers a variety of banking services that are tailored to the needs of consumers in the country. With the help of the PSBank Group, PSBank is able to provide an easy and simple banking experience to its customers.
PSBank flexi loan, how does it work?
PSBank Flexi loan is a personal loan product that is collateral-free, meaning that you don't have to put up any collateral to borrow money. The flexi loan is also a good option for those who want a specific amount of funds and do not want to take a long-term loan. Furthermore, PSBank flexi loan is the best option for you. This product doesn't require collateral and the loan interest is also lower because of the revolving line of credit.
Loan interest rate
The interest rate of PSBank flexi loan range between 14% to 17% for personal loans. If you want the business loan, the interest rate is fixed to 17%. These numbers are considered high since it comes from a traditional bank loan.
How much is the PSBank flexi loan?
The loan amount you can get from the PSBank flexi loan is PHP 20,000 up to PHP 250,000. The loan term, on the other hand, can range from 24 months to 36 months only. With the high interest rate, PSBank flexi loan is not recommended to a middle-income Filipino earner.
How long does it take for the money to arrive?
If you need a quick cash, you might consider the PSBank flexible loan. This loan is easy to apply for and has a quick approval process. It takes only 3 to 5 working days for the money to arrive in your account. When you apply for this loan, your application will be reviewed by theirteam, and you'll receive a call from a member of the team. You can also send an email to the support team to help you go through the process.
PSBank flexi loan benefits
With a focus on simplicity, the PSBank Flexi Loan can now easily manage your monthly bills. This loan product is a convenient way to help you pay your bills on time. It allows you to borrow a certain amount of money on a monthly basis. You can always repay the loan by the end of the month. This loan is not just for your monthly bills. You can also use it to pay for your everyday expenses as well.
How to apply for a PSBank flexi loan?
To apply for a flexi loan, go to the PSBank website and click on 'Apply Now' on the bottom of the page. Fill out the form that follows including your personal and financial information, including your name, contact number, email, income and monthly expenses.
You will also need to provide certain documents such as a copy of your tenancy agreement or certificate of registration, proof of residency, and recent pay slips. Finally, if your application has been approved, a customer service representative will get in touch with you for further terms and conditions and contract signing. The money will arrive on your bank account after it.
Requirements
According to PSBank Philippines, the following are the requirements for the PSBank Flexi loan.
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Completely filled-out PSBank Flexi Personal Loan Application Form
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Photocopy of any of the following identification cards: Company ID, SSS, GSIS, PRC, Driver's License, Passport or TIN (plastic card type), Firearms License, NBI Clearance, Integrated Bar of the Philippines
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Photocopy of BIR form 2316 for employed applicants
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Photocopy of BIR form 1701 for self-employed applicants with Audited Financial Statements with BIR stamp for the past 2 years
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For credit cardholders, original copy of the latest credit card billing statement (with the client as the PRINCIPAL cardholder)
Application form
You can access the application form for PSBank flexi loan through this link .
How to pay for the PSBank flexi loan?
To repay your PSBank flexi loan, you can use the online banking of PSBank or any other financial tool available in the country. You may also repay your loan through 7-eleven CLIQQ and even remittance centers.
What happens if I can’t pay?
In case you are not able to pay your PSBank flexi loan, your credit score may be affected which is a little inconvenient. Furthermore, a late payment fee may also be subjected on your account.
Contact number
If you wish to reach out to PSBank Philippines for inquiries and any other questions regarding your loan, you can contact PSBank Business Center at (632) 7944-1590
Email address
The email you can use to reach PSBank is onlinebanking@psbank.com.ph .
Address
G/F P S Bank Center777 Paseo De Roxas Street Corner Sedeno StreetLegaspi Village 1226, Makati City, Metro Manila, Philippines
PSBank flexi loan, reviews
According to many, PSBank Philippines – a bank in a country with a high poverty rate, has made a loan that is suitable for every need. Its flexible loan offers a range of choices, including the option to choose loan amount, repayment schedule, and loan duration. The bank is a big hit with their clients and other people, as it is a perfect choice for Filipinos who have an emergency and need cash to pay the bills.
Have you used the PSBank flexi loan? Share your experience here.