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