Multi - Purpose Loan
This product offered to individuals for medical, educational and other personal needs.
This loan product has the following salient features:
Can be accessed by individuals;
Loanable value is based on Cashflow, loanable value of the offered collateral or project cost or SBL whichever is lower;
Loan term is based from the cashflow computation;
Payment is amortized based from the cashflow of the borrower;
Loan can be unsecured or secured, loan secured is covered by Real Estate Mortgage (REM) and Chattel Mortgage (CHM); and
Interest rate on loan is comparatively low.
Documents Needed
PRINCIPAL BORROWER
CO-MAKER
- Filled out Bank forms
- 2 pcs 2×2 ID picture
- 1 valid ID
- Proof of Residence
- Barangay Clearance
- Certification of the Barangay Captain / Municipal Agricultural Officer/Chairperson of the cooperative as to the land area cultivated.
- 1 valid ID
- Barangay Clearance
- Proof of Residence
- Proof of Income
HOW TO APPLY:
- Complete the document and application that are needed with the requirements of your co-maker
- Wait for the bank information for your schedule of CI/BI.
- The bank will update you on the status about your loan application.