Employee Installment Loan - MTB

home-installment-loan

About Employee Installment Loan

MTB Bank offers an Employee Installment Loan, allowing its employees to purchase apartments, housing, automobiles, and electrical equipment independently. Employees can pay back the loan through monthly installments, enabling them to own property while continuing to work at the bank.

Loan Amount	Loan Tenor	Interest Rate	Service Charges
Electrical Equipment	1 Year	10%	No
Brand New automobiles	5 Year
Pre-Owned automobiles	3 Years
Land/ Building/ Condo/ Mimi Condo/ Apartment/ Land & Building	15 Years

Products

Land only for housing construction.
Single housing land with building (Land & Building).
Condominium in accordance with condominium law.
Apartment.
Brand new automobiles sold directly by the Dealer.
Pre-owned automobiles sold through showrooms.
Pre-owned automobiles agreed upon by the buyer and seller.
Brand New Laptop, Desktop and other computer related equipment.

Requirements

NRC
Passport Photo
Household Member List
Ward Recommendation Letter
Staff ID Card
Guarantor (2) Persons – NRC, Passport Photo, Household Member List, Staff ID Card
Buying Products Documents
Sale Agreement
Product Photos (Front, Back, Left, Right)

req-img

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