Agri-Business Loan

Characteristics

• Refers to loan intended for agricultural business engaged in
  • Raising, production and trading operations of a farm (lives stock or crops production)
  • Manufacturing and distribution of farm equipment and supplies, and the processing, storage, and distribution of farm commodities.
  • Palay trading and other crop trading.
• Loanable amount is based on the 5 Cs of Credit (CHARACTER, CAPACITY, COLLATERAL, CONDITION & CAPITAL).

Documentary Requirements:

    General Documents Needed:

• • TIN ID/Number
  • Requirements vary depending on the offered collateral

For Land Title as Collateral:

• Original Owner’s Copy of Transfer Certificate of Title (TCT)/Original Certificate of Title (OCT)
• Tax Declaration of Land for the current year (certified true copy)
• Tax Declaration of Building, if with improvement(s) for the current year (certified true copy).
• Tax Clearance of Land for the current year
• Tax Clearance of Building, if with improvement(s) for the current year issued
• Real Estate Tax Receipt/Official Receipt of Real Property Tax Land & Building (if with improvement)/Amilyar for the current year
• Lot/Subdivision Plan, approved plan if available
• Cancellation/Release of Mortgage (if secured by other financial institution)

For OR/CR (Chattel) as Collateral:

• Original copy of Certificate of Registration of unit (CR)
• Updated Original Receipt (OR)
• Cancellation/Release of Mortgage (if secured/encumbered by other financial institution)

For Fixed Deposits as Collateral:

• Up to 95% of total amount of fixed deposit of the member (Share Capital, Time Deposits/Special Deposit, Solidarity, Peso Grow, Holiday Savings etc.)

For Inquiries, please call or text our Loan Division at 0917-803-6800 or 0943-700-7868