• It is offered to clients deriving their monthly income whose employment status may be a regular or co-terminus from serving as an elected or appointed barangay official without the necessity of putting up collaterals to respond to immediate financial needs.

Target Clients:

• Barangay Elected Officials

• Appointed Official limited to Barangay Treasurer and Barangay Secretary

Term: Term Maturity MUST NOT EXCEED Election schedule

Loan Amount:  Depending on the agreed MOA Between the Bank and Barangay Council.

Mode of Payment: Monthly

Qualification Requirements:

    1. 2x2 or 1x1 ID Picture (4 copies)

        2. Valid Photo Bearing ID

        3. Certificate of Canvass for each Barangay Council

        4. Latest 3 months’ payroll for re-elected officials

        5. For newly elected officials, a certification from the Barangay Captain confirming the monthly honorarium                 

        6. 2 Co-makers required

         One co-maker must be the Barangay Captain

         One elected official (limited to a maximum of 2 co-guarantors for the loan)  

         1 valid ID

         Latest 3 months’ payroll                 

For Appointees (Up to Barangay Treasurer and Barangay Secretary:

        1. Same qualification requirements as the borrower

        2. Additional requirements for appointees:

                Latest appointment document

          Resolution permitting the loan application with RB Rizal

                Co-maker meeting the same criteria as the borrower’s co-maker        

Bank’s Additional Requirements:

        1. Agreement Payroll Deduction

        2. MOA with the Barangay Council (signed by Brgy. Captain, Treasurer, 1st Councilor & Branch Manager, AM and COO)

        3. CBLIC Insurance