Check Design
Important Notice: New Check Design Implementation on May 1, 2024 Please be advised of the upcoming implementation of changes to check design effective May 1, 2024. These changes, mandated by the Philippine Clearing House Corporation (PCHC), are essential for smooth transactions. 1. Date format on checks will change to MM-DD-YYYY. 2. The ₱ sign will now be positioned outside the figures box. 3. Signature boxes will be added for your convenience. Please ensure your checks comply with these new specifications to avoid any processing issues. If you have any questions or require assistance, don’t hesitate to reach out RBGI representative.
RBGI Asenso Mobile App
The first and only local mobile banking app that can help you securely bank at ease, view your account anytime, transfer money to partner banks, and pay bills conveniently!
A digital payment platform to manage clients accounts, transfer funds, make payments, buy load credits with single app. This platform was first initiated by the Bangko Sentral ng Pilipinas (BSP) called National Retail Payment System (NRPS) in partnership with BancNet and other banking sectors.
Deposits
- Hi-Value Savings
- An ordinary savings deposit with monthly interest
- I-Max Savings
- A special savings deposit that maximizes income worth your hard-earned money.
- Current / Checking Account
- Deposit account withdraw-able by means of check issuance.
Deposits are insured by PDIC up to P1,000,000.00 per depositor
Hi-Value Savings
Features
· A deposit account evidenced by a passbook
· Minimum Initial Deposit:
– Personal – P 300
– Corporate – P 1,000
· Minimum maintaining balance to earn interest:
– Personal – P 500
– Corporate – P 5,000
· Withdrawable maintaining balance to earn interest
Qualifications
· Open to natural persons who are of legal age, can read write and has no mental or legal disability
· Juridical entities like single proprietorships, partnerships, associations and corporations duly organized and existing under the law
Requirement
· One (1) Valid I.D.
I-Max Savings
Features
- Minimum Initial Deposit – P 10,000
- Term – Minimum of 30 days and maximum of one (1) year.
- Withdrawable on demand thru a withdrawal slip and presentation of passbook
- A depositor’s option:
- Automatic renewal / roll over upon maturity, same terms and interest rate
Qualifications
- Open to natural persons who are of legal age, can read write and has no mental or legal disability
- Juridical entities like single proprietorships, partnerships, associations and corporations duly organized and existing under the law
Requirements
- One (1) Valid I.D.
Current / Checking Account
Product Definition
Deposit account withdraw-able by means of check issuance.
Eligible Depositors
- Natural Persons – without any legal impediment that would disqualify them from opening a bank account.
- Juridical Persons – single proprietorship, partnership associations, and corporations duly organized and existing under the law.
Terms and Conditions
- Minimal Initial Deposit
- Personal Checks – P 5,000.00
- Commercial Checks – P 10,000.00
LOANS
Barangay Officials Loan Assistance (BOLA)
A personal loan extended to qualified Barangay Officials.
Loan Purpose
- Financial Assistance for startup and additional capital for Micro Business
- To Finance livelihood projects to augment financial needs
Term and Conditions
- Maximum Loan Term – 3 years
- Maximum Loanable Amount – P 500,000.00
I-CARE
Individual Credit with Automated Repayments (I-CARE) is a personal loan extended to regular employees with automated payroll
Purpose of Loan
- Financial access to employees to supplement financial needs through livelihood activities.
- To support the financial needs of the borrower wherein the security is the client’s salary and ATMs
Terms and Condition
- Maximum Term Loan – 2 years
- Maximum Loanable Amount – P 300,000.00
Real Estate Loan (REM)
Loans secured by real property such as land, building, and other structures supported by with a contract (REM) where the borrower secures the fulfillment of the obligation by legally recognizing the banks as having preferential right over a specific real estate property
Purpose of Loan
- For building construction and land development
- To finance purchase of land, family homes, apartments and other multifamily structures, commercial structure and others
Terms and Conditions
- Maximum Loan Term – 10 years
- Maximum Loanable Amount – P 5,000,000.00
Motor Vehicle Loan (MOVE)
Chattel mortgage financing for individual or corporation who intends to purchase brand new or surplus vehicles.
Purpose of Loan
- To provide financial facility to any qualified individual or business entity who are interested in acquiring brand new motor vehicle.
Terms and Conditions
- Maximum Loan Term – 5 years
- Maximum Loanable Amount – P 1,500,000.00
MICROFINANCE
KABUHAYAN
KAunlaransa BUhay HAngo sa YAman ng Negosyo is a group loan product for micro-enterprise using the modified Grameen methodology. It aims to make available affordable credit to micro-entrepreneurs, helping them to expand their present business activities and increase their incomes. It focuses on micro enterprise that generates regular business income.
Purpose of Loan
- For additional working capital.
Terms and Conditions
- Maximum Loan Term – 6 Months
- Maximum Loanable Amount – P 150,000.00
KABALIKAT
KAagapay ang BAngko sa Lumalagong Industriya at KAbuhayan ng Taong Bayan is an individual loan product for micro-enterprise. It aims to make affordable credit to micro-entrepreneurs to help them expand their present business activities and increase their incomes. It focuses on micro-enterprises that generate regular cash flow.
Purpose of Loan
- Loan extended to any entrepreneur for “additional working capital”
Terms and Conditions
- Maximum Loan Term – 6 Months
- Maximum Loanable Amount – P 300,000.00
GADGET Loan
An incentive is given to microfinance clients with good credit standing, such as giving rebates to interest and longer-term on loans
Purpose of Loan
- To provide incentive loan to micro finance clients who stayed with the bank for at least (7) months and with good credit standing.
Terms and Conditions
- Term of Loan
- Maximum – 8 Months
- Minimum – 1 Month
- Loanable Amount
- Maximum – P 30,000.00
- Minimum – P 1,000.00
General Purpose Loan
An incentive loan for good performing clients of RBGI under Microfinance Program.
Purpose of Loan
- Caters to other financial needs of clients, as a medical, educational, asset acquisition.
Terms of Conditions
- Maximum Loan Term – 6 months
- Maximum Loanable Amount – P 20,000.00
Value-Added Services
- BDO
- Digipay
- Smart Padala
- Rural Net
- Western Union
- True Money
- Point of Sale – Withdrawal and Bills Payment
- GCash
- Domestic Remittances
- Bills Payment – Order and Pay Gov’t Documents
- Domestic and International Remittances Amazon
- Money Remittances – Bills Payment