Regular Agricultural Loan

Product Details

designed to finance agricultural activities such as purchase of farm inputs, acquisition of machinery and equipment, work animals

and other similar items for the production following: Rice, Corn, Coconut, Livestock/Poultry etc.

Features

  1. Loanable amount is from P10,000 and above. Maximum loan amount depends on actual bank net capital. (Bank Net Capital x 25% is equal to single borrowers limit)
  2. Minimum loan term of three (3) months and maximum of five (5) years
  3. Mode of Payment is Lump Sum or Semi Annual or on installment basis. Payment can be made through issuance of post-dated checks  or through over the counter payment.
  4. Collateral is required. Acceptable collateral are real properties (Titles free from encumbrances)
  5. No Co-Maker required
  6. With Inspection Fee
  7. If the borrower is married, his/her spouse is required to submit loan requirements and signed all loan documents signifying his/her consent.

Requirements

  1. CCV File or E-Copy of Title
  2. Original Certificate of title
  3. Special power of attorney (SPA) (if title is not in the name of the borrower)
  4. Tax Receipt, Tax declaration of real property, Tax declaration of building (if collateral has improvements) and Tax Clearance
  5. Sketch/Approved Plan
  6. Fire Insurance and Crop Insurance if necessary
  7. Court Clearance for Property and Borrower
  8. Proof of all income declared in Income Statement
  9. Require Audited or In House FS for loans amounting to P1,000,000 and up.

Other loan requirements: Open a GRBP regular savings account, 2 pcs. Latest 2×2 picture, atleast 1 Valid I.D, Barangay Clearance, Cedula/CTC, TIN/SSS/GSIS Number