Sterling Bank of Asia credit: information, opinions, conditions

About Sterling Bank

Sterling Bank of Asia, established in 2007, has firmly cemented its position as a vital player in the Philippine banking landscape. Owned by the JTKC Group of companies, Surewell, and Star Equities, Sterling Bank focuses on supporting small and medium enterprises (SMEs) and promoting financial growth across various sectors. From its inception, the bank has championed the mission to empower local entrepreneurs, thereby creating employment opportunities and aiding the nation’s GDP growth.

Having rapidly expanded across the Philippines, Sterling Bank now boasts 47 branches and ranks highly among thrift banks regarding total deposits and assets. The bank is uniquely positioned to cater to the diverse needs of its clients, delivering a personalized touch that emphasizes “Professional Banking with Heart.” This philosophy is reflected in the bank’s logo—a heart symbol that encapsulates their commitment to exceptional customer service and satisfaction.

The bank’s journey began as a government initiative aimed at fostering business development and entrepreneurship among Filipinos. Today, it stands as a testament to the potential of local businesses fueled by accessible financial services. Sterling Bank’s dedicated approach ensures that each customer receives tailored solutions, alongside reliable and professional service quality.

As the bank continues to grow and adapt to the ever-evolving financial landscape, its mission remains steadfast: to provide sustainable banking solutions that nurture the aspirations of its customers, encouraging them to reach their financial goals with ease and confidence.

Advantages of Choosing Sterling Bank

When considering personal loans, Sterling Bank offers a myriad of advantages that set it apart in the competitive financial landscape of the Philippines:

• Competitive Interest Rates: Sterling Bank provides attractive interest rates starting from 1.40% per month, making loan repayments manageable for borrowers.
• Flexible Loan Amounts: Customers can borrow between ₱50,000 and ₱1,000,000, allowing for both small and significant financial needs.
• Convenient Application Process: With an application approval duration of 5-7 banking days, Sterling Bank ensures that funds are disbursed promptly, addressing urgent financial requirements.
• No Collateral Required: Borrowers can secure a loan without the need for collateral, making the process less cumbersome and more accessible.
• Early Repayment Options: Customers have the ease of prepaying their loans without penalties, provided the bank is notified a month in advance.
• Focus on SMEs: Sterling Bank is renowned for its commitment to supporting local entrepreneurs, providing specialized services that cater to the unique needs of SMEs.
• Various Payment Options: Customers can opt for convenient payment methods including post-dated checks.

In addition to these features, Sterling Bank emphasizes a personalized approach, ensuring that clients find financial products tailored specifically to their situation.

Loan Conditions

To apply for a personal loan at Sterling Bank, prospective borrowers need to meet specific eligibility criteria and conditions:

• Age: Applicants must be between 21 and 60 years old.
• Income Requirement: A minimum annual income of ₱300,000 is required, with a monthly salary of at least ₱30,000.
• Employment Status: Applicants should have at least two years of tenure with their current employer or possess a profitable business with a minimum operation of three years.
• Credit History: A credit card is required, and applicants must have no adverse credit findings.
• Other Requirements: Applicants must have a home and office landline and undergo an application process that necessitates specific documents.

Why Choose Sterling Bank for Your Loan?

Choosing Sterling Bank for your personal loan is a decision grounded in confidence and reliability. The bank’s reputation for quality service, coupled with its personalized approach, ensures that clients receive support throughout their financial journey. The advantages of competitive interest rates, flexible loan amounts, and expedited approval processes make Sterling Bank an attractive option for Filipino borrowers.

Moreover, by focusing on the empowerment of local businesses and individuals, Sterling Bank contributes to broader economic growth, making a personal loan not just a financial transaction, but a step towards building a more prosperous future. With its commitment to professional service, quick response times, and customized solutions, Sterling Bank stands out as a partner dedicated to helping clients achieve their financial aspirations.