Hey there! I’m exploring a personal loan from CTBC Bank and would love to know the current interest rates and processing fees they offer. Could anyone share the details before I apply? Thanks!
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CTBC Bank Personal Loan - Rates, Fees, and What You Should Know
Thinking about borrowing from CTBC Bank. Before you sign any papers, it’s best to know exactly how much you’ll be paying and what’s taken off the top. This way, you avoid any surprises once the loan starts.
Interest Rates - What People Actually Get
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CTBC Bank doesn’t post a fixed table of rates on its website. Still, based on what past borrowers have shared about the Salary Stretch Loan, the monthly add on interest rate usually falls somewhere between 1.39% and 1.79%.
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That works out to roughly 16.7% to 21.5% per year when you do the math. Your actual rate depends on a few things your credit history, how steady your job is, and how long you’ll be paying the loan back.
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It’s worth noting that add on rates can make your total repayment higher than loans that use a reducing balance method. If you’re unsure what that means in pesos each month, ask CTBC to give you a full amortisation schedule before you commit.
Fees - What’s Deducted Before You Get the Money
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One upside here is that you won’t be asked to hand over a processing fee before the loan is approved. Instead, CTBC takes a handling fee directly from the amount they’ve approved for you.
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So, if you’re approved for ₱100,000, don’t expect to see the full ₱100,000 in your account. The handling fee will already be taken out before the funds are released.
CTBC Loan Snapshot
| Feature | Details |
|---|---|
| Interest Rate | 1.39%-1.79% monthly (around 16.7%-21.5% annually) |
| Processing Fee | None upfront; handling fee deducted before release |
| Loan Name | Salary Stretch Personal Loan |
| Benefits | Fast approval, flexible terms |
Why This Matters
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A flat add on rate can mean you’re paying quite a bit more in interest than a reducing rate loan so it’s good to ask for an EMI breakdown.
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The handling fee being taken from your loan means you won’t be crossing paths with unexpected charges at the branch but know that your loan amount will be net of that fee.
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Always ask CTBC for a full, written list of your repayment schedule, total interest outlay, and any deductions so you’re fully clued in.
