HandySalary Loan


The Plantersbank HandySalary is an unsecured, multi-purpose installment loan given to qualified employees of accredited companies where payment is made via salary deduction.

With HandySalary, the company provides salary loan benefits at special rates and flexible terms, making it affordable and convenient for employees to get a loan:

  • Instant cash loan worth P10,000 to P 500,000
  • Flexible installment plan (choice of 12, 18, 24, 30 or 36 months)
  • Fast approval (within 3 to 5 days upon submission of complete loan documents)
  • Affordable amortization with Plantersbank’s friendly interest rates
  • No collateral needed

Get the HandySalary program at no extra cost plus:

  • Conserve Cash. No need to use company’s funds. Plantersbank will take care of the funding.
  • Offer More Benefits to Employees. By partnering with Plantersbank, your employees can easily get salary loans from the bank.
  • Minimize Administrative Tasks. Plantersbank will take care of the processing and release of loans.

Take advantage of all these benefits with HandySalary!


Eligibilty Criteria (Company Accreditation)

  • Existing SME client of the bank (depositor &/or borrower)
  • With at least one (1) year track record with PDB.
  • For depositor accounts, with minimum P500K ADB for six (6) consecutive months preceding accreditation
  • For borrower accounts, satisfactory loan dealings for the past 12 months.
  • Has at least 10 permanent employees

Documentary Requirements (Company Accreditation)

  • Completely filled-out and signed Company Accreditation Application Form
  • Photocopy of Income Tax Return (ITR) of the business for the last 3 years
  • Audited Financial Statement (FS) of the business for the last 3 years
  • Photocopy of business registration papers
    • SEC Registration
    • Articles of Incorporation
    • DTI Registration
    • Mayor’s Permit (if sole proprietorship)

Eligibility Criteria (Individual Borrowers)

  • At least 23 years old and not more than 65 years old upon loan maturity.
  • Permanent employee with a minimum tenure of at least 2 years.
  • Has a gross monthly pay of at least P8,000.00 for Metro Manila and P6,000 for provincial
  • Not due for retirement within the term of the loan.
  • No pending administrative case with present employer.

Documentary Requirements (Individual Borrowers)

  • Fully-accomplished and signed Plantersbank Handy Salary loan application form
  • Latest 1 month payslip or Certificate of Employment (COE) indicating the ff:
    • gross monthly income
    • deductions
    • net take home pay
  • Photocopy of 2 valid IDs (1 government-issued and company ID) with 3 specimen signatures
  • Latest Income Tax Return (ITR)

Need more information?

Call (02) 864-0562 or 864-0564 to 66. You can also email
ssyjueco@plantersbank.com.ph / adconstantino@plantersbank.com.ph or visit any Plantersbank branch nearest you.