Chinabank – Loan details
China Bank personal loans up to ₱2,000,000
Loan amount
₱50K – ₱2.0M
Interest from
5.00%
Term
12 – 300 months
Approval
3-5 banking days
Pros
- ✓ High loan amounts up to ₱2,000,000 available
- ✓ Transparent processing with a clear approval timeline
- ✓ Fixed interest rate makes repayment planning straightforward
- ✓ BSP-regulated bank with strong consumer protection
Cons
- ✗ Approval takes several banking days – not suitable for urgent same-day needs
- ✗ Extensive documentation required compared to online lenders
- ✗ Late payment fees and penalties may apply if payment is missed
Requirements
- Valid government-issued ID (SSS, GSIS, PhilHealth, driver's license, or passport)
- Proof of income: payslips for the last 3 months or Certificate of Employment
- ITR (Income Tax Return) for the past 1-2 years
- Proof of billing address (utility bill or bank statement)
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.ph is an independent comparison portal operated by double technology s.r.o., Czech Republic.