LOAN SERVICES LIST

  

This represents production and other types of loans granted to beneficiaries of agrarian reform, namely: tillers, tenants farmers, settlers, agricultural lessees, amortizing owners, owner-cultivators, farmers, cooperatives and compact farms, as provided for in PD717, for the following purposes

• .Acquisition of work animals, farm equipment and machinery, seeds, fertilizers, poultry, livestock, feeds and other similar items
• Acquisition of land authorized under the Agrarian Reform Code of the Philippines and its amendments

• Construction and/or acquisition of facilities for production, processing, storage and marketing.
• Efficient merchandising of agricultural commodities stored and/or processed by the facilities a forecited

     This represents loans granted to the poor and low income households for their micro-enterprises and small businesses so as to raise their income levels and improve their living standards.  These loans are granted on the basis of the borrower’s cash flow and are    typically unsecured.

This represents loans granted to borrowers who are not beneficiaries of agrarian reform to finance activities relating to agriculture and processing, marketing, storage and distribution of products resulting from these activities.

This represents its loans to National Government, Local Government Units and Government Owned or Controlled Corporations.

     This represents loans extended by banks incorporated under the laws of the Philippines, whether Philippine or foreign owned, to    finance educational institutional, cooperatives, hospitals and other medical services,  socialized or low-cost  housing and to local government units,  without national government guarantee, which shall be included for the purpose of determining compliance with the provisions of PD 717, as amended.

 

Auto Loan

     30% DOWN PAYMENT made easier on the budget.
     2 ‘GIVES’ DOWN    PAYMENT PLAN payable in 2 months.

TERM	INTEREST P..A.
12 months	9.5%
18 months	13%
24 months	21%
36 months	30%
48 months	38%

Character/Jewelry Loan

Offered at a maximum amount of P50,000.00 per borrower.
Term—maximum of 3 months

  Interest Rate—3% per month deducted in  advance + 2%  penalty if not paid upon maturity.

     This represents loans granted to any business activity or enterprises engaged in industry, agribusiness and/or services, whether single    proprietorship, cooperative, partnership or corporation.

     This represents loans granted to private corporations, which shall   include partnership, single proprietorships and cooperatives.

This represents loans granted to individuals for housing purposes, which may be for the acquisition, constructions or improvement of a residential unit