DBP Salary Loan
The Development Bank of the Philippines provides salary loans to regular employees of government agencies, GOCCs and DBP-accredited private institutions, offering amounts from PHP 10,000 to PHP 300,000 at annual rates of 10% to 12% with terms up to 48 months. DBP's salary loan program is managed at the institutional level, with employers signing a Memorandum of Agreement to facilitate payroll deduction repayment. The bank prioritizes borrowers from sectors aligned with its development mandate including agriculture, infrastructure and industry.
Conditions summary
| Loan amount | ₱10,000 – ₱300,000 |
|---|---|
| Interest rate (p.a.) | 10.00 % – 12.00 % |
| Repayment term | 12 – 48 months |
| Approval | 7-10 banking days |
| Type | Online |
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