LOANS
Borrower Eligibility Criteria
Borrower must meet the following conditions:
1) Have an existing agricultural related business at the time of application operating for at least two (2) years.
2) A resident in the area for at least 2 years.
3) At least 21 years old at the date of application.
4) Have no pending cases.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Agricultural Loan | |
|---|---|---|
|
Purpose |
Any agricultural activity |
|
|
Amount |
Depending on the agricultural activity requirement |
|
|
Payment Scale |
Monthly, Semi-Monthly, Quarterly, Semi-Annually, Annually |
|
|
Interest Rate |
22% -28% diminishing per annum |
|
|
Service Charge |
2% - 4% depending on the loan purpose |
|
|
Insurance |
AGFP |
|
|
Collateral |
Optional |
|
ii. Agricultural Farm Machinery Loan
Provides financing to farmers for the acquisition of modern farm machinery and technologies.
Our loan programs are designed to help you grow your agricultural activities by providing capital for new equipment purchases or upgrades to existing equipment. We have the expertise to help you make an informed decision about what kind of equipment will work best for your farms, whether it’s large-scale farming equipment or small-scale tools. We can offer loans at rates that allow you to pay off your debt over time while also meeting your financial obligations with ease.
Borrower Eligibility Criteria
Borrower must meet the following conditions:
1) Have an existing agricultural related business at the time of application operating for at least two (2) years.
2) A resident in the area for at least 2 years.
3) At least 21 years old at the date of application.
4) Have no pending cases.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Agricultural Farm Machinery Loan | |
|---|---|---|
|
Purpose |
Acquisition of modern farm machinery and technologies |
|
|
Amount |
Up to 2 Million |
|
|
Payment Scale |
Semi-Annually; 1- 5 years term |
|
|
Interest Rate |
20% diminishing per annum |
|
|
Service Charge |
2% except when covered by 0% promo |
|
|
Insurance |
AGFP |
|
|
Collateral |
Optional |
|
Borrower Eligibility Criteria
1) Have an existing agricultural related business at the time of application operating for at least two (2) years.
2) A resident in the area for at least 2 years.
3) At least 21 years old at the date of application.
4) Have no pending cases.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Agricultural Loan | |
|---|---|---|
|
Purpose |
Any agricultural activity |
|
|
Amount |
Depending on the agricultural activity requirement |
|
|
Payment Scale |
Monthly, Semi-Monthly, Quarterly, Semi-Annually, Annually |
|
|
Interest Rate |
22% -28% diminishing per annum |
|
|
Service Charge |
2% - 4% depending on the loan purpose |
|
|
Insurance |
AGFP |
|
|
Collateral |
Optional |
|
ii. Agricultural Farm Machinery Loan
Provides financing to farmers for the acquisition of modern farm machinery and technologies.
Our loan programs are designed to help you grow your agricultural activities by providing capital for new equipment purchases or upgrades to existing equipment. We have the expertise to help you make an informed decision about what kind of equipment will work best for your farms, whether it’s large-scale farming equipment or small-scale tools. We can offer loans at rates that allow you to pay off your debt over time while also meeting your financial obligations with ease.
Borrower Eligibility Criteria
Borrower must meet the following conditions:
1) Have an existing agricultural related business at the time of application operating for at least two (2) years.
2) A resident in the area for at least 2 years.
3) At least 21 years old at the date of application.
4) Have no pending cases.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Agricultural Farm Machinery Loan | |
|---|---|---|
|
Purpose |
Acquisition of modern farm machinery and technologies |
|
|
Amount |
Up to 2 Million |
|
|
Payment Scale |
Semi-Annually; 1- 5 years term |
|
|
Interest Rate |
20% diminishing per annum |
|
|
Service Charge |
2% except when covered by 0% promo |
|
|
Insurance |
AGFP |
|
|
Collateral |
Optional |
|
Borrower Eligibility Criteria
1) Have an existing agricultural related business at the time of application operating for at least two (2) years.
2) A resident in the area for at least 2 years.
3) At least 21 years old at the date of application.
4) Have no pending cases.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Agricultural Loan | |
|---|---|---|
|
Purpose |
Any agricultural activity |
|
|
Amount |
Depending on the agricultural activity requirement |
|
|
Payment Scale |
Monthly, Semi-Monthly, Quarterly, Semi-Annually, Annually |
|
|
Interest Rate |
22% -28% diminishing per annum |
|
|
Service Charge |
2% - 4% depending on the loan purpose |
|
|
Insurance |
AGFP |
|
|
Collateral |
Optional |
|
ii. Agricultural Farm Machinery Loan
Provides financing to farmers for the acquisition of modern farm machinery and technologies.
Our loan programs are designed to help you grow your agricultural activities by providing capital for new equipment purchases or upgrades to existing equipment. We have the expertise to help you make an informed decision about what kind of equipment will work best for your farms, whether it’s large-scale farming equipment or small-scale tools. We can offer loans at rates that allow you to pay off your debt over time while also meeting your financial obligations with ease.
Borrower Eligibility Criteria
Borrower must meet the following conditions:
1) Have an existing agricultural related business at the time of application operating for at least two (2) years.
2) A resident in the area for at least 2 years.
3) At least 21 years old at the date of application.
4) Have no pending cases.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Agricultural Farm Machinery Loan | |
|---|---|---|
|
Purpose |
Acquisition of modern farm machinery and technologies |
|
|
Amount |
Up to 2 Million |
|
|
Payment Scale |
Semi-Annually; 1- 5 years term |
|
|
Interest Rate |
20% diminishing per annum |
|
|
Service Charge |
2% except when covered by 0% promo |
|
|
Insurance |
AGFP |
|
|
Collateral |
Optional |
|
Borrower Eligibility Criteria
1) Borrower must be regular and permanent DepEd employee.
2) Borrower must be included in the regular payroll with issued valid employee number.
3) Borrower has at least 6 months current service record in DepEd.
| Loan Type | Teachers' Salary Loan | |
|---|---|---|
|
Purpose |
For educational, hospitalization, housing, travel and other emergency expenses of the borrower. |
|
|
Amount |
P30,000 – P2 Million |
|
|
Payment Scale |
1 - 5 years loan term |
|
|
Interest Rate |
7.50% |
|
|
Service Charge |
6% |
|
|
Insurance |
None |
|
|
Collateral |
None |
|
Borrower Eligibility Criteria
Borrower must meet the following conditions:
1) Borrower must be regular and permanent DepEd employee.
2) Borrower must be included in the regular payroll with issued valid employee number.
3) Borrower has at least 6 months current service record in DepEd.
| Loan Type | Teachers' Salary Loan | |
|---|---|---|
|
Purpose |
For educational, hospitalization, housing, travel and other emergency expenses of the borrower. |
|
|
Amount |
P30,000 – P2 Million |
|
|
Payment Scale |
1 - 5 years loan term |
|
|
Interest Rate |
7.50% |
|
|
Service Charge |
6% |
|
|
Insurance |
None |
|
|
Collateral |
None |
|
Teachers Salary Loan is a multipurpose loan offered to all regular and permanent Teachers and Non-teaching employees of Department of Education with at least six months in service. Borrow up to Php 2 Million, payable from 12, 24, 36, 48, up to 60 months through Automatic Payroll Deduction System.
Borrower Eligibility Criteria
Borrower must meet the following conditions:
1) Borrower must be regular and permanent DepEd employee.
2) Borrower must be included in the regular payroll with issued valid employee number.
3) Borrower has at least 6 months current service record in DepEd.
| Loan Type | Teachers' Salary Loan | |
|---|---|---|
|
Purpose |
For educational, hospitalization, housing, travel and other emergency expenses of the borrower. |
|
|
Amount |
P30,000 – P2 Million |
|
|
Payment Scale |
1 - 5 years loan term |
|
|
Interest Rate |
7.50% |
|
|
Service Charge |
6% |
|
|
Insurance |
None |
|
|
Collateral |
None |
|
Microfinance Loans are offered to small entrepreneurs in urban and rural areas for working capital, housing and similar needs. Usual clientele are from small and medium market segment including farmers, artisans, small traders, retailers craftsmen, and other self-employed individuals including the informal sector with the end view of providing equitable distribution of economic opportunities and prospects for income.
Borrower Eligibility Criteria
1) Have an existing business at the time of application operating for at least two (2) years.
2) Engaged in business activities that generate regular sales (daily, weekly or monthly).
3) A resident in the area for at least 2 years.
4) At least 21 to 65 years old at the date of application.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Microfinance Loans | |
|---|---|---|
|
Purpose |
For working capital, housing and similar needs |
|
|
Amount |
P20,000 – P300,000 |
|
|
Payment Scale |
Weekly, Semi-Monthly, Monthly |
|
|
Interest Rate |
51.50% diminishing per annum |
|
|
Service Charge |
3% |
|
|
Insurance |
None |
|
|
Collateral |
Unsecured |
|
Microfinance Loans are offered to small entrepreneurs in urban and rural areas for working capital, housing and similar needs. Usual clientele are from small and medium market segment including farmers, artisans, small traders, retailers craftsmen, and other self-employed individuals including the informal sector with the end view of providing equitable distribution of economic opportunities and prospects for income.
Borrower Eligibility Criteria
1) Have an existing business at the time of application operating for at least two (2) years.
2) Engaged in business activities that generate regular sales (daily, weekly or monthly).
3) A resident in the area for at least 2 years.
4) At least 21 to 65 years old at the date of application.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Microfinance Loans | |
|---|---|---|
|
Purpose |
For working capital, housing and similar needs |
|
|
Amount |
P20,000 – P300,000 |
|
|
Payment Scale |
Weekly, Semi-Monthly, Monthly |
|
|
Interest Rate |
51.50% diminishing per annum |
|
|
Service Charge |
3% |
|
|
Insurance |
None |
|
|
Collateral |
Unsecured |
|
Borrower Eligibility Criteria
1) Have an existing business at the time of application operating for at least two (2) years.
2) Engaged in business activities that generate regular sales (daily, weekly or monthly).
3) A resident in the area for at least 2 years.
4) At least 21 to 65 years old at the date of application.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Microfinance Loan | |
|---|---|---|
|
Purpose |
Small to Medium Scale Entrepreneurs |
|
|
Amount |
Up to ₱300,000.00 |
|
|
Payment Scale |
Daily, Weekly, or Semi-Monthly |
|
|
Interest Rate |
48% to 54% Diminishing Annually |
|
|
Effective Int. Rate (EIR) |
60.10% to 69.59% |
|
|
Service Charge |
1% to 3% depending on the loan cycle and payment history |
|
|
Insurance |
None |
|
|
Collateral |
No |
|
Commercial/MSME Loans is a type of loan used for businesses offered to small and medium entrepreneurs in short and long term needs, that provide additional capital for day to day operations, expansion, acquisition of properties and buying new equipment. Usual clientele are from small and medium market segment including farmers, vendors, traders, retailers and manufacturers with the end view of providing equitable distribution of economic opportunities and prospects for income.
Borrower Eligibility Criteria
1) Have an existing business at the time of application operating for at least two (2) years.
2) Engaged in business activities that generate regular sales (daily, weekly or monthly).
3) A resident in the area for at least 2 years.
4) At least 21 to 65 years old at the date of application.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Commercial Loans | |
|---|---|---|
|
Purpose |
Loans for MSMEs for working capital and business expansions. |
|
|
Amount |
200,000 up to 2 Million |
|
|
Payment Scale |
Monthly |
|
|
Interest Rate |
22% - 42% diminishing per annum |
|
|
Service Charge |
3% depending on the loan purpose |
|
|
Insurance |
None |
|
|
Collateral |
Required either for safekeeping or subject to annotation of mortgage |
|
Commercial/MSME Loans is a type of loan used for businesses offered to small and medium entrepreneurs in short and long term needs, that provide additional capital for day to day operations, expansion, acquisition of properties and buying new equipment. Usual clientele are from small and medium market segment including farmers, vendors, traders, retailers and manufacturers with the end view of providing equitable distribution of economic opportunities and prospects for income.
Borrower Eligibility Criteria
1) Have an existing business at the time of application operating for at least two (2) years.
2) Engaged in business activities that generate regular sales (daily, weekly or monthly).
3) A resident in the area for at least 2 years.
4) At least 21 to 65 years old at the date of application.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Commercial Loans | |
|---|---|---|
|
Purpose |
Loans for MSMEs for working capital and business expansions. |
|
|
Amount |
200,000 up to 2 Million |
|
|
Payment Scale |
Monthly |
|
|
Interest Rate |
22% - 42% diminishing per annum |
|
|
Service Charge |
3% depending on the loan purpose |
|
|
Insurance |
None |
|
|
Collateral |
Required either for safekeeping or subject to annotation of mortgage |
|
Commercial/MSME Loans is a type of loan used for businesses offered to small and medium entrepreneurs in short and long term needs, that provide additional capital for day to day operations, expansion, acquisition of properties and buying new equipment. Usual clientele are from small and medium market segment including farmers, vendors, traders, retailers and manufacturers with the end view of providing equitable distribution of economic opportunities and prospects for income.
Borrower Eligibility Criteria
1) Have an existing business at the time of application operating for at least two (2) years.
2) Engaged in business activities that generate regular sales (daily, weekly or monthly).
3) A resident in the area for at least 2 years.
4) At least 21 to 65 years old at the date of application.
5) Have no past due records with the Bank and with other financial institutions and/or suppliers.
| Loan Type | Commercial Loans | |
|---|---|---|
|
Purpose |
Loans for MSMEs for working capital and business expansions. |
|
|
Amount |
200,000 up to 2 Million |
|
|
Payment Scale |
Monthly |
|
|
Interest Rate |
22% - 42% diminishing per annum |
|
|
Service Charge |
3% depending on the loan purpose |
|
|
Insurance |
None |
|
|
Collateral |
Required either for safekeeping or subject to annotation of mortgage |
|