LOAN PRODUCTS
Salary-based General-Purpose Loans
· Unsecured loans up to Php 200,000 for various personal needs.
· Eligible Borrowers: Regularly employed individuals with a net take-home pay of Php 7,500 and above, aged max. 60 at last amortization of loan.
Agricultural Loans
· Loans up to Php 200,000 (unsecured) or 60% of appraised value (secured).
· Term: Up to 5 years (unsecured) or 15 years (secured).
· Purpose: Agricultural production, agribusiness, acquisition of equipment, facilities development, and more.
· Eligible Borrowers: Farmers, fisherfolk, agrarian reform beneficiaries, etc.
· Credit Accommodation: though Agricultural Credit Policy Council
Microfinance, Small, and Medium Enterprise (MSME) Loans
· Microfinance Loans:
o Loans up to Php 150,000 for microfinance or house repairs, and up to
Php 300,000 for house construction.
o Term: Up to 5 years (unsecured) or 15 years (secured).
o Purpose: General business needs and housing finance.
o Eligible Borrowers: Businesses operating for at least a year, maximum borrower age of 60 (unsecured) or 75 (secured) at last amortization.
· Small and Medium Loans:
o Loans for business activities with assets from Php 3M to 100M.
o Term: Up to 5 years (small enterprise, unsecured) or 15 years (medium enterprise, secured).
o Purpose: Manufacturing, processing, or production of agricultural produce.
o Eligible Borrowers: Businesses operating for at least a year, maximum borrower age of 60 (unsecured) or 75 (secured) at last amortization.
Other Loans
· Loans that do not fall under the specified categories.