PPCBank now offers a smart loan-against-deposit for those who need emergency cash. You can apply for a loan instantly on PPCBank Mobile App without losing any accrued interest. Loans can be approved for up to 95% of the deposit amount.
Key Benefits
No fees
Convenient loan application
No penalties for early loan repayment
3% interest per annum on deposit amount when opening account at a branch, and 2% p.a when opening account via PPCBank Mobile App
Loan terms based on the maturity date of Fixed Deposit
Loan amount of up to 95% of the deposit amount
Requirements
Personal
National ID Card or Valid Passport
Business
Certificate of Registration
Current Tax Patent/VAT Registration Certificate
How to get Loan Against Deposit?
Tap on “Login to My Account”
Tap on “LOAN AGAINT DEPOSIT”
Tap “GET LOAN NOW”
Tap “I AGREE”, to agree with Terms and Conditions
Fill out your credit reporting application form, then tap “CONFIRM”
Enter the loan amount, select repayment type, then tap “NEXT”
Confirm your information by tapping “YES”
Name your account, then “CONFIRM”
Enter your mobile login pass code or use biometric authentication to confirm your loan request