Salary Loan (BRGY. Officials)
-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.
Barangay Elected Officials
Appointed Official limited to Brgy. Treasurer and Brgy. 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
1 valid photo bearing ID
2x2 or 1x1 ID Picture (4pcs)
Certificate of Canvass/ Oath of office/ Appointment (for Barangay Secretary & Barangay Treasurer/ Certificate from DILG (for Barangay Captain)
2 Co-makers (1-Barangay Captain, & 1-any member of the council with their respective valid ID's)
Payroll as Barangay Official (3 months)/ Certification from LOCAL DILG STATING THE SET MONTHLY HONORARIUM/ 1 month of previous month payroll as basis with certification from the Barangay Captain as proof of its monthly honorarium to be receipt.
BANK'S ADDITIONAL REQUIREMENTS:
Agreement Payroll Deduction
MOA wuth the BRGY. Council (Signed by BRGY. Captain, Treasurer, 1st Councilor & Branch Manager with AVP)
For Treasurer and Secretary Brgy. Resolution Allowing the following official to be granted with a Salary Loan.