About Salary Stretch
 
     
 
 

What are the requirements to become eligible for a loan?

     You must be

          - currently employed with a regular status for at least one year
          - with a minimum gross monthly salary of P15,000.00
          - aged between 23 to 54 years old
          - with a home or office landline


What documents are required?

          - duly accomplished application
          - photocopy of your latest ITR/form 2316
          - photocopy of your ID issued by your employer with photo and signature
          - photocopy of 1 month latest payslip


How much can I borrow?

     You can borrow as much as twice your gross monthly compensation.


How much is the processing fee?

     The processing fee is P1,500.00, this will be deducted from your loan proceeds.


How do I issue payment?

     Payments will be made via issuance of post-dated checks for the duration of your loan, which may
     be from 12 to 36 months. If you do not have a checking account, we will facilitate opening one for
     you right before the release of your loan. Minimum deposit and maintaining balance is P2,000. You
     will need to present three valid IDs such as your SSS, TIN, Driver's License, POstal ID, NBI
     clearance, and passport among others.