Guide on Monthly Due for a 30K Loan Under the DBP Cash Salary Loan
DBP CASH SALARY LOAN – Here is a guide on how much is the monthly due for borrowing Php 30,000.00 under the salary loan offer of the Development Bank of the Philippines.
More and more options in times of financial emergencies are crossing the surface now. If before you only have some private individuals to run to, nowadays, there are several loan offers that you may apply for.
Both public and private entities got loan offers – including private banks and those that are under the government. One (1) government bank that has the said offer is the Development Bank of the Philippines or more commonly called as DBP.
You may apply for DBP Cash Salary Loan. It is open for those individuals who are working in the government or public sector. Usually, the payment considered is through a salary deduction.
According to the Development Bank of the Philippines, under their salary loan offer, the approved loan applicant can get the money in as fast as five (5) working days. There are minimal requirements set which can only be obtained personally from the bank.
With regards to the loanable amounts under the DBP Cash Salary Loan, you can borrow at least Php 10,000.00. Usually, this amount is for the purpose of making ends meet. If you need a bigger amount, the bank may lend you as much as Php 1,000,000.00 subject to its approval. How about if you will borrow Php 30,000.00?
The monthly due for a 30K loan under the DBP Cash Salary Loan will depend on the loan term you will choose. Although these figures are indicative rates only, you may have an estimate of your possible monthly amortization based on loan term:
- 12-Month Term – Php 2,665.45
- 24-Month Term – Php 1,412.21
- 36-Month Term – Php 996.44
- 48-Month Term – Php 834.91
Are you planning to apply for the said DBP loan? You may visit – DBP SALARY LOAN: How To Apply For Salary Loan To DBP.
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