Agricultural Loan
Shall be granted only to finance agricultural and livestock producers using a flexible payment schemes providing better credit alternative to induce growth to crops, fish and livestock production.
Target Clients:
Farmers or livestock growers who are land title owners and whose purpose for application of loan is intended for farming activities and livestock production.
Term: Flexible Term Max 10 years
Loan Amount: 60% -70% of the appraised value but MUST NOT BE BELOW P50,000.00 loan application.
Mode of Payment: Monthly, Quarterly , Semi-annually, & Annually (Depends on the source of income of the client)
Qualification Requirements:
1. 2x2 or 1x1 ID Picture
2. Valid Photo Bearing ID
3. Tax Declaration of the property
4. Current Tax Receipt / Tax Clearance
5. Payroll or Pay slip (3 months) / Any Proof of Income / Certificate of Remuneration / Bank Statement / ITR
6. Co-maker Statement
Valid I.D. Of Co-maker
Proof of Income of co-maker w/ attachments
Cash Flow
7. Original copy of OCT/TCT (collateral)
8. Special Power of Attorney, if applicable
9. Affidavit of non-tenancy (1 hectare or more)
DAR Clearance (5 hectares or more)
Insurance Policy for Improvements
Bond to answer claims for Section 4 Rule 74, if applicable