A Revolving line of credit offers you continuous credit at a fixed monthly instalment.  This means you may borrow again up to the original amount on the same loan, without re-applying, immediately after you have repaid 15% of the loan. 

 Features and benefits

• You can get a loan between P20,000.00 and P100,000.00 (depending on your affordability and risk profile)
• Once you have repaid 15% of the loan, you may borrow again up to your original loan amount and your repayments will remain unchanged
• You can apply to increase the limit on your existing loan when you require additional funds
• The minimum repayment remains fixed for the life of your loan account which enables you to budget more effectively
• The interest rate is linked to the prime rate and will be based on your risk profile.
• When the prime interest rate changes, your minimum repayment amount remains unchanged while the loan period increases or decreases.
• You can pay extra into your loan whenever you have extra cash. You can withdraw this extra cash once you have met the minimum revolve limit.
• You have the option of taking out insurance which will give you the peace of mind of knowing that your loan will be settled in full in the event of disability, dread disease or death

Fees

• You will be charged a once-off initiation fee at origination; thereafter a monthly service fee will be levied.

Who can apply

To qualify for a Revolving line of credit, you must earn a gross monthly income of at least P12,5000.00 and have a transactional account (with Stanbic Bank or another bank) into which your salary is deposited

How to apply                                                                                                                    just visit your nearest Stabic Bank branch with the following documents:
 

• Valid national Identity document (citizens) or Passport (expatriates)
• Valid residents/work permit (expatriates)
• Proof of residence ( less than 3 months old)

Proof of income/salary advice slip (less than 3 months old)