Products > Loans
AGRICULTURAL LOANS
These are loans to farmers usually engaged in the production of palay and/or corn or in the business of aquaculture. This type of clients normally requires a payment schedule that jives with the harvest of their crop or livestock.
Requirements
- Business owner at least 2 years
- 2X2 Picture
- Valid ID and TIN Number
- Barangay Clearance
- Business Permit
- 3 Months proof of sales
- Latest Electric Bill/Water Bill
- Co-maker/Collateral
Borrower Eligibility Criteria
- Have been operating an agriculturally related business for at least two (2) years at the time of application.
- Have been operating an agriculturally related business for at least two (2) years at the time of application.
- Has no pending cases and past due records with other banks and financial institutions
- Should not be more than seventy (70) years of age upon maturity of loan
| Loan Type | Agricultural Loans |
| PURPOSE | Related in any Agricultural activity |
| AMOUNT | Depending on the character, capacity, collateral, conditions |
| INTEREST RATE | As low as 16-24% (subject to approval) |
| SERVICE CHARGE | 2-3% (subject to approval) |
| MODE OF PAYMENT | Monthly, Quarterly, Trimestral, Semi-annual |
| COLLATERAL/SECURITY | OPTIONAL (subject to approval) |
| INSURANCE | OPTIONAL (subject to approval) |
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COMMERCIAL LOANS/MSME’S
This type of loan is extended to small and medium enterprises (SME) including business expansion, renovation and acquisition of properties. Borrowers of this type have their own businesses and normally have cash inflows on a monthly basis.
Requirements :
- Business owner at least 2 years
- 2X2 Picture
- Valid ID and TIN Number
- Barangay Clearance
- Business Permit
- 3 Months proof of sales
- Latest Electric Bill/Water Bill
- Co-maker/Collateral
Borrower Eligibility Criteria
- Have been operating a Commercial/SME related business for at least two (2) years at the time of application.
- A minimum of two years’ residency in the area (must provide valid id’s)
- Has no pending cases and past due records with other banks and financial institutions.
- Should not be more than seventy (70) years of age upon maturity of loan
| Loan Type | Agricultural Loans |
| PURPOSE | Related in any commercial and SME activity |
| AMOUNT | Depending on the character, capacity, collateral, conditions |
| INTEREST RATE | As low as 14%-36% (subject to approval) |
| SERVICE CHARGE | 2-3% (subject to approval) |
| MODE OF PAYMENT | Monthly, Quarterly, Trimestral |
| COLLATERAL/SECURITY | OPTIONAL (subject to approval) |
| INSURANCE | Life Insurance (Fortune) |
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MICROFINANCE
Microfinance are offered to small business owners in urban and rural areas for working capital and other similar needs to help their small business grow, including Mini groceries, small retailers, and other self- employed/low income individuals or groups. Microfinance loans are designed for borrowers that have their own business and whose net worth are lower compared to SMEs
Requirements :
-
- Business owner at least 2 years
- 2X2 Picture
- Valid ID and TIN Number
- Barangay Clearance
- Business Permit
- 3 Months proof of sales
- Latest Electric Bill/Water Bill
- Co-maker/Collateral
Borrower Eligibility Criteria
- Have been operating a Microfinance related business for at least two (2) years at the time of application.
- A minimum of two years’ residency in the area (must provide valid id’s)
- Has no pending cases and past due records with other banks and financial institutions.
- Should not be more than seventy (70) years of age upon maturity of loan
| Loan Type | Agricultural Loans |
| PURPOSE | Related in any related micro business activity |
| AMOUNT | Depending on the character, capacity, collateral, conditions |
| INTEREST RATE | As low as 24%-36% (subject to approval) |
| SERVICE CHARGE | 2-3% (subject to approval) |
| MODE OF PAYMENT | Weekly, Semi-Monthly, Monthly |
| COLLATERAL/SECURITY | OPTIONAL (subject to approval) |
| INSURANCE | Life Insurance (Fortune) |
Download Forms: