Loans

REAL ESTATE MORTGAGE

• AGRARIAN REFORM & OTHER AGRICULTURAL LOANS – for Agricultural and Livelihood Developments
• DEVELOPMENT INCENTIVE LOANS – Construction and Development of Business Establishments, etc.
• SMALL & MEDIUM ENTERPRISE LOAN – Commercial Loans for Small and Medium Size Business.
• LOANS TO PRIVATE CORPORATION
• LOANS TO INDIVIDUAL FOR HOUSING PURPOSES – Loans for Housing Developments
• LOANS TO INDIVIDUAL FOR COMSUMPTION PURPOSES
• LOANS TO INDIVIDUAL FOR OTHER PURPOSES

SALARY LOANS

• for other Bank Employees
• with Memorandum of Agreement

BACK-TO-BACK LOANS

• Regular
• for Certification Purposes

CREDIT LINE

Deposit

SAVINGS - Initial and maintaining balance of only P 1,000. Evidence by a passbook. Interest of 1% to be given every quarterly.

SUPERIOR SAVINGS DEPOSIT – Initial and maintaining balance of P 20,000 to gain a more bigger interest than other regular deposits and to be given monthly. Evidence by a passbook and have a withdrawal limit of twice (2 times) a month.

CHECKING/DEMAND DEPOSIT - Initial deposit of P 4,000 and to earn interest the maintaining balance would be P 20,000. Interest of 1% posted quarterly.

TIME DEPOSIT

• ORDINARY TIME DEPOSIT – Evidence by a certificate for agreement for 30 days up to 5 yrs. Interest posting is monthly anniversary date.
• NO FINAL WITHOLDING TAX – initial deposit of P 10,000. Interest is monthly accrued. Term of 5 to 10 yrs.
• FIXED INTEREST (for 1yr)
• FIXED INTEREST (for 5yrs)

DOCUMENTARY REQUIREMENTS TO OPEN AN ACCOUNT