PDF
Automatic Debit Arrangement (ADA) Enrollment Form
For loan amortization · PDF
Salary Loan
Extra funds for life's plans
Get the financial support you need for life's important expenses with a Salary Loan from Veterans Bank. Whether you're planning for your family's needs, covering medical or education costs, improving your home, or preparing for a special occasion, our Salary Loan offers flexible financing with repayment terms designed to fit your budget.
Why choose a PVB Salary Loan?
A simple, unsecured loan for employed Filipinos — fast to process and easy to repay straight from your salary.
Affordable Interest Rates
Enjoy competitive rates that help make borrowing more manageable.
Easy Repayment
Repay your loan through convenient salary deduction, making monthly payments simple and hassle free.
Fast Processing
Benefit from a straightforward application process with minimal documentary requirements.
Product Features
Explore the key loan details, including available loan amounts, repayment terms, interest rates, processing fees, and credit protection coverage.
FEATURE | DETAILS |
Loan Amount | ₱20,000 to ₱1,500,000. Based on your income and capacity to pay. |
Loan Term | 6 to 36 months. Terms that keep monthly payments manageable. |
Interest Rate | Based on prevailing market rates and subject to loan approval. |
Processing Fee | Deducted from the loan proceeds. No out-of-pocket payment required. |
Credit Redemption Insurance (CRI) | Included to help settle the remaining loan balance in the event of the borrower's death. |
Who Can Apply?
Check the basic employment and income qualifications to see if you're eligible to apply for a Salary Loan.
You may apply if you meet the following qualifications: |
Regular or permanent employee of an accredited private company or government institution |
Minimum gross monthly income of ₱9,000 for applicants within Metro Manila |
Minimum gross monthly income of ₱8,000 for applicants outside Metro Manila |
Loan Calculator
See what your estimated monthly payment could look like based on your desired loan amount, repayment term, and applicable Salary Loan rates.
LOAN FEATUREDETAILS
Maximum LoanableP500,000
Interest Rate23.61% p.a.
Installment Terms6 – 60 months
Qualifications & requirements
Qualifications
Filipino citizen, at least 21 years old at application
Not more than 65 years old at loan maturity
Regularly employed with the minimum required length of service
Meets the minimum monthly income requirement
Application requirements
Completed Salary Loan Application Form with one (1) valid government-issued ID
Certificate of Employment with Compensation and latest pay slips
Latest Income Tax Return (ITR) or BIR Form 2316
Authority to deduct from salary / ADA enrollment
How to apply: Get your salary loan in a few simple steps
1
Visit your nearest PVB branch
Use our Branch & ATM locator to find a branch near you. No appointment required for account opening.
2
Bring your requirements
Present your valid ID(s), TIN, and the initial deposit for your chosen savings account.
3
Fill out the account forms
Our branch staff will guide you through the Account Opening Form and Signature Card, and help you choose passbook and/or ATM.
4
Fund and activate your account
Make your initial deposit and receive your passbook and/or ATM card. You're ready to save and enroll in digital banking.
Downloadable forms
Download and accomplish these forms before your branch visit. All files are in PDF format.
Frequently asked questions
Regularly employed Filipinos aged 21 to 65 (at maturity) who meet the minimum income and length-of-service requirements.
The amount you can borrow from Philippine Veterans Bank depends on the type of loan you apply for, your income, creditworthiness, and the bank’s lending requirements. The final loan amount is subject to the bank’s evaluation and approval.
Repayments are made through convenient salary deduction or automatic debit arrangement.
No. The Salary Loan is an unsecured loan.
Among others, you need your completed application form, a valid government-issued ID, Certificate of Employment, pay slips, and ITR or BIR Form 2316.
Terms & conditions
All salary loan applications are subject to the Bank's credit evaluation, Know-Your-Customer (KYC), and approval process. The loanable amount, term, and interest rate are determined by the Bank based on the applicant's income and employment, in line with Bangko Sentral ng Pilipinas regulations.
Loans range from ₱20,000 to ₱1,500,000 with repayment terms of 6 to 36 months, subject to credit approval.
Repayments are made through salary deduction or automatic debit arrangement.
A representative schedule of fees is available at any PVB branch.
You authorize the bank to deduct loan repayments from your salary.
Your personal data is handled in accordance with the Data Privacy Act and BSP regulations.
Let's Move Your Plans Forward
Visit a Veterans Bank branch near you and discover banking solutions designed around your needs and goals.