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Interest rate p.m.0.66%- 3%
Loan term from 3 to 120 months
Approval durationUpto 120 hours
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Home › Companies › WealthBank
Jonny CorfildDecember 10, 2019
Company services
Home loan
Send an application
Interest Rates: From 8.00% p.a.
Collateral: Real Estate Mortgage
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 10 years
Approval time: 5-15 banking days
Calculate loan
Auto loan
Send an application
Interest Rates: From – 9% p.a.
Loan amount:
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Payment terms: 12 to 60 months
Approval time: 1-3 banking days
Down payment: As low as 20% of purchase price
Calculate loan
Teacher’s Salary loan
Send an application
Interest Rates: From 1.89% per month
Minimum loan amount: 30 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: Up to 36 months
Approval time: within 5 banking days
Calculate loan
Commercial loan
Send an application
Interest Rates: From 1.89% per month
SHORT TERM LOANS:
Loan Line Term: Not more than 180 days
Receivable Financing Line Term: 30 to 180 days
Domestic Bills Purchase Line Term: Maximum of 9 days
Back-to-Back Loan Term: 2 to 3 years
MEDIUM TERM LOANS: For acquisition of capital assets such as building, motor vehicle, machineries and equipment.
Term : more than 1 year to 5 years
LONG TERM LOANS: For acquisition of plant site; horizontal and vertical improvements and installation of machineries
and equipment.
Term : more than 5 years to 10 years
Calculate loan
Loan Calculator
About WealthBank
Wealth Development Bank Corporation, or WealthBank for short, is an SEC registered subsidiary of the Woori Bank. The opening of the Wealth Development Bank Corp took place in 1967. That year, WealthBank was authorized has received a thrift bank license issued by the Central Bank of the Philippines (Bangko Sentral).
Benefits of WealthBank
WealthBank, a prominent financial institution in the Philippines, has been providing a wide array of benefits to its customers, making it a trusted partner for individuals, businesses, and communities across the country. With its strong presence and commitment to excellence, WealthBank has established itself as a leading provider of comprehensive banking solutions in the Philippines.
The bank has heavily invested in technology to offer customers convenient and secure access to their accounts and financial services. In addition to its digital banking capabilities, WealthBank offers a variety of financial products and services tailored to meet the specific needs of its customers. The bank provides savings accounts, checking accounts, time deposits, and other traditional banking services, allowing customers to securely manage their funds and save for the future. Furthermore, WealthBank offers a variety of loan products to meet the financial needs of its clients: auto loan, salary loan, home loan, business loan.
WealthBank’s commitment to financial inclusion is another significant advantage for customers in the Philippines. Moreover, WealthBank’s strong emphasis on customer satisfaction sets it apart from other financial institutions in the Philippines. The bank is dedicated to providing excellent customer service and ensuring that customers have a positive banking experience. Through its responsive customer support team and personalized approach, WealthBank strives to meet the diverse needs of its customers and build long-lasting relationships based on trust and reliability.
Overall, WealthBank offers a range of advantages to its customers in the Philippines, including its digital banking platform, tailored financial products and services, commitment to financial inclusion, focus on customer satisfaction, and strong CSR initiatives. With its reputable and reliable reputation, WealthBank continues to be a preferred choice for individuals, businesses, and communities seeking comprehensive banking solutions in the Philippines.
WealthBank has provided a loan calculator so its clients can check the details of of a loan they are planning to apply. This takes in information about the loan such as the amount, the term, and the interest rate. After putting in the following information, the calculator will show different details such as monthly payment, total overpayment, and total payment.
WealthBank ensures easy approval and are approved at the same day. The bank doesn’t want its clients to be inconvenienced in any way so it ensures that all transactions are hassle-free. The bank guarantees safe transactions and legit loans to all of its clients.
What WealthBank has to offer
WealthBank offers different services for its clients such as Home, Auto, Teachers loan, and Commercial loan. You can view the details of these in a loan table on the official website.
The bank offers various products such as Home Loan, Personal loan and Auto Loan.
Home loans are loans obtained in order to buy a property; these are perfect for people who are planning on building a new home. Interest rates start at 8.00% p.a.; the collateral required is a Real Estate Mortgage; maximum amount can be up to 80% of the assessed value; payment terms can be extended up to 10 years, and approval time can be as short as 5-15 banking days.
WealthBank offers Auto Loans; these are for financing you when you are to purchase a vehicle. Getting one is a great way to make acquiring vehicles easier. Interest Rates are from 9% p.a.; loan amount varies depending on whether the vehicle is brand new or second hand. Amount for brand new vehicles can be up to 80% of the purchase price while amount for second-hand vehicles can receive up to 70% of the appraised value. Payment terms can be extended from 12 to 60 months; approval time can be as little as 1-3 days. The down payment is as low as 20% of the purchase price.
On the occasion that you have purchased a vehicle, the car is not owned by WealthBank but you do. However, while the vehicle’s loan isn’t paid in full yet, the vehicle is under the bank’s guarantee. This means the client cannot sell the car and the client must pay for the vehicle’s insurance so the bank can get its money if anything happens to the car.
WealthBank also offers Teachers Loans. A Teachers loan is an advanced salary offered by banks to teachers shall the need arise. These can be applied for by public school teachers or a member of the administrative staff of DepEd. The minimum amount is 30,000 PHP while the maximum amount is 1,000,000 PHP. Interest rates can be as little as 1.89% per month; payment terms can be extended up to 36 months; approval time will take no longer than 5 banking days.
WealthBank also offers Commercial Loans which are for clients who want to apply under a business. The interest rates start from 1.89% per month. There are three classifications of commercial loans: short term, medium term, and long-term loans.
- Short Term Commercial Loans have loan line terms of not more than 180 days; receivable financing line terms can be extended from 30 to 180 days; domestic bills purchase line terms can be extended up to 9 days; back-to-back loan term can be as long as 2 to 3 years.
Medium Term Commercial Loans are for acquiring capital assets such as infrastructures, vehicles, and other related equipment. The term can be extended from 1 to 5 years.
Long Term Commercial Loans are for acquisition of sites; improvements and installation of machines and equipment.
WealthBank clients can also open checking account and savings account. Savings Accounts require low maintaining balance, and interest is credited monthly. The minimum initial deposit for checking accounts is Php 200.00 while its minimum balance to earn interest is also Php 200.00.
For checking accounts, the initial deposit is Php 5,000.00 and the minimum daily balance is Php 3,000.00.
How to apply for WealthBank services
How to apply for a loan? Applying for one is as easy as possible; WeatlhBank ensures that applying for one won’t inconvenience the client in any way.
To be a qualified borrower of WealthBank, clients can apply for loans as an individual, as a partnership or as a corporation. Individuals must be either locally employed, Overseas Filipino Workers, Professional Practice, or Entrepreneurs.
To submit an application, you must have the following requirements: collateral such as Residential House and Lot, Residential Lot, Townhouse, Condominium Units, Apartment Units, or mixed unit commercial-resident unit. Criteria for clients are: must be at a maximum of 65 years old upon loan maturity; monthly income must be stable of at least Php 40,000.00. The client must be employed for at least 2 years with the present employer or company with no issues or derogatory record.
The requirements for an auto loan are separated based on employment or business status. Individuals must have 2 valid id’s, if the client is married both of the spouses must submit 2 of their valid id’s; latest certificate of employment, payslips from the last 3 months, 2×2 pictures, both spouses if the client is married. If the client is under sole proprietorship, must present latest mayor’s permit, valid DTI permits, 2 valid id’s (both spouses if the client is married), bank statements covering the last 6 months, latest AFS and ITR.
If the loan will be under a partnership or corporation, client(s) must be SEC registered, Articles of incorporation, latest AFS and ITR; bank statements covering the last 6 months, 2 valid IDs and 2×2 pictures (if the client is married then both spouses must present their id’s and pictures)
The requirements to apply for a checking or savings account are identification and government-issued id’s. If the client is a foreigner, the client is required to present a passport issued by the country of citizenship and Alien Certificate of Registration (ACR).
How to reach WealthBank
You can reach the bank at Taft Financial Center, Cardinal Rosales Ave., Cebu Business Park, Cebu City, Philippines. How do I know where the branches near me are? WealthBank has branches on Ramos, Mandaue, Dumaguete, and Cagayan De Oro City. You can find the nearest branch using the Google search engine. You can online reach the bank by sending an email to customerservice@wealthbank.com.ph or via calling the contact number: 091732-WBANK (92265) | hotline: (032) 415-5059 loc 113 or via texting the SMS address 21582277.
WealthBank Branches & ATM
WealthBank Manila
Located in: Alabang Town Center
Address: Metro Gaisano Alabang Town Center, Ayala Alabang, Muntinlupa, 1780 Metro Manila
WealthBank Binondo Branch
Located at: Lucky Chinatown Mall
Address: Second Floor Unit B10a Lucky Chinatown Mall, Annex B, Calle Felipe II, corner Lachambre St, Binondo, Manila, 1006
WealthBank Taguig
Located in: Market! Market!
Address: Market Market, 26th, Taguig, 1634 Metro Manila, Philippines
Phone: +63 24205977
WealthBank Mandaue City
Located in: MDC The Meritz
Address: MDC The Meritz, A. C. Cortes Ave, Ibabao Estancia, Mandaue City, 6014 Cebu, Philippines
Phone: +63 32 343 8143
Wealthbank Cebu City
Located in: Ayala Center Cebu
Address: 8W84+QJF, Cebu City, 6000 Cebu
WealthBank Caloocan Branch
Address: 1366-68 Rizal Ave Ext, Grace Park East, Caloocan, Metro Manila, Philippines
Phone: +63 29304370
WealthBank Alabang Branch
Located in: Alabang Town Center
Address: Basem*nt 1 Metro Alabang Alabang Town Center, 1780 Alabang–Zapote Rd, Ayala Alabang, Muntinlupa, Metro Manila, Philippines
Phone: +63 2 8829 3912
Wealth Bank Angeles
Located in: Markwi Mall by Ayala Malls
Address: 5J75+78M, Aniceto Gueco St, Angeles, Pampanga
WealthBank Lapu-Lapu
Located in: Metro
Address: L2, Metro Super Lapu-Lapu, M.L Quezon Avenue, 6015 Lapu-Lapu City, Cebu, 6015, Philippines
Phone: +63 32 420 5977
WealthBank Tacloban
Located in: Metro Tacloban Mall
Address: Room 221, Department Pediatrics, Bethany MAC, Bethany Hospital, Real Street, Tacloban City, Northern Leyte, Tacloban City, Leyte
Wealthbank Naga Branch
Address: J5CX+MG2, Lungsod ng Naga, Camarines Sur
Deposited
Wealthbank Savings Account
Wealth Kiddie Savers Account
MyCash ATM Savings Account
Wealth Aspire
FAQ
What are the restrictions on issuing Teacher loans?
The basic requirement is that you must be a public school teacher or you are the administrative staff at DepEd.
What is the interest rate on Teacher loans?
The interest rate varies from 1.89% per month.
What is the maximum period for granting a Teacher loan?
The maximum term for this type of loan is 36 months.
What is the minimum down payment for an Auto loan?
The minimum down payment for a brand new car is 20% of the purchase price, and the down payment for a used car is 30% of the purchase price.
See more FAQs
Contacts
| Full company name | WealthBank |
| Address | Taft Financial Center, Cardinal Rosales Ave., Cebu Business Park, Cebu City, Philippines |
| Phone number | 032 415-5013, +63 917-870-7393 |
| Social networks | |
| Online banking |
Related Company
Jonny Corfild
Jonny is a manager of Sales who writes about lending rates for banks and microfinance companies. Jonny joined the project in 2015. Jonny processes user reviews and, if the issue is within its competence, responds to users. The site administrator monitors the financial situation in the Philippines and makes changes to the site in a timely manner. If you find an inaccuracy in the product description, please let him know.
admin@upfinance.com
Reviews
3 years ago
WealthBank, as for me, is quite an adequate bank, in comparison with others, they have much fewer mistakes (the client of three banks himself, so there is something to compare with). I got into a rather difficult everyday situation in which a lot of money was required. I contacted all three banks where I am a client. As a result, one bank turned down the loan application. The second agreed, but at the same time approved the amount of 30 percent less for me, which was not an option for me at all. And yes, but only WealthBank approved the full amount for me, and the percentage was even lower than in one of the banks to which I also applied.
3 years ago
I think that the story when there is only one car in the family and two drivers is familiar to many. For 5 years, my husband and I shared our car in half as best we could, but the time came when the child was born and it became very difficult, if not impossible, to do it. The final decision about taking out a loan and buying a second car was made by me, although I understood that I would have to shrink in expenses, and I would have to come up with something with a situation when both my husband and I had a small salary.We immediately bypassed the well-known banks. And here it was literally lucky that my husband got into a conversation with a colleague at work and he said that he himself took out a loan for a car from WealthBank with the same income, and took it without any problems.
3 years ago
Awesome technical support of the bank, all the issues with which he addressed, are resolved quickly. There are answers to everything. No excuses! And specific answers and instructions - 5 stars!
3 years ago
I have been using WealthBank services for many years. I am a salary client of this bank, and it is convenient for me to contact this bank for all questions. The first time after the loan was approved, I went to the senior financial manager. She helped me find a convenient way to repay the loan, answered all my questions.
3 years ago
When I first applied to WealthBank, I was attracted by good interest on a Commercial loan. When I applied for a loan, I took the courtesy of an employee for granted, but only in the course of my stupid and not very questions it turned out that I was facing a professional in his field.
3 years ago
To begin with, I highly rate some of the specialists from the hotline's contact center. I made out a mortgage on 02/26/2021, the entry was at 12.30, we sat until the evening without finishing. Closed the deal the next morning.
3 years ago
In spite of the nervous beginning, communication with the bank as a whole worked out. I was brought to this bank by chance, through a mortgage broker, the mortgage interest was the lowest offered to a middle-aged borrower. Initially, he hoped for the most remote communication with the bank, applications for partial early repayment were managed to be submitted via the support chat.
3 years ago
Kind time of the day, I would like to say warmly about WealthBank. This bank really deserves special attention. Excellent work of the support chat, always prompt, employees try to figure it out to the end and help as much as possible.Bank representatives are always neat, polite and patient.
3 years ago
I took a car loan, decided to repay it ahead of schedule. For early repayment, you must notify the bank 30 days in advance. Asked to close earlier. The bank went to meet and closed the same day. I was satisfied with the loyalty and customer focus of the bank. I was a client of WealthBank twice, there were no problems.
3 years ago
I have been using WealthBank for many years. For all the years I have never failed. Everything they promise is true, without any small print. All minor problems and questions are solved 24/7 via the hotline. They will answer without problems and most often make concessions.
3 years ago
I already came across WealthBank several years ago taking a consumer loan. Then I had only negative emotions, no customer focus, problems with payments, in general, then I vowed. But .. having decided to buy a car on credit, WealthBank offered the best conditions. The loan can be conveniently repaid through ATM, call center specialists are excellently advising on all emerging issues.
3 years ago
I would like to express my gratitude to the manager, who very quickly and efficiently resolved the complaint issue. Provided support on all difficult issues related to mortgages. Thank you for your professionalism, efficiency, clarity, customer focus, friendliness and efficiency.
3 years ago
On behalf of our family, I would like to express my deep gratitude to the WealthBank employees for their help in saving our mortgage house! My husband and I made several delinquencies on the mortgage, and the bank intended to terminate the loan agreement with us, and recover from us the remaining amount of the principal debt with the further sale of the house. But thanks to the high professionalism of our manager, we were able to draw up an agreement with a debt repayment plan.
3 years ago
I contacted WealthBank to resolve the mortgage issue on 05/14/21. The account manager, a very competent, competent specialist, helped. My question was resolved promptly and efficiently. Thank you very much WealthBank, we will continue to use your products.
3 years ago
Hello!I would like to express my gratitude to WealthBank and its employees. Earlier, I profitably refinanced a mortgage at WealthBank. It should be noted that the deal was not easy after all. The bank employees took a short pause to determine the algorithm of actions and soon we all set to prepare for the deal. At one of the stages, I needed to get an Agreement from the Developer. He sent me a form for approval with the bank and filling it out. I sent the agreement to the bank, the legal service got acquainted and entered all the necessary data, as well as additional points prescribing all the nuances of the transaction.
