I
AGRICULTURAL LOAN
AGRICULTURAL
LOAN

Agricultural Loan
A loan for farming, fisheries and livestock-raising. (Collateralized/Non-Collateralized)
Eligible Borrowers
Individuals at least 18 years old up to 65 years old
– Beneficiaries or non-beneficiaries of agrarian reform
– Those engaged in agricultural business/activities / farming/ fishery
– Cooperatives, corporation and business entities engaged in business activities related to agriculture, aquaculture, processing, marketing, storage and distribution of agricultural and aqua-culture/fishery products.
Loan Purpose
Finance business activities related to agriculture, aquaculture/fishery, processing, marketing, storage and distribution of agricultural and aquaculture products.
– Additional working capital
– Capital Expenditure
Interest Rate
Flexible Terms and Mode of Payment
Basic Requirements:
• 2 Valid ID’s of Applicant/s
• Latest Residence Certificate of Applicants
• Latest ID Picture of Applicant/s (2×2) 2pcs.
• Latest Income Tax Return (if any) / T.I Nos. of Borrowers
• Proof of Billing
• Bank’s Statement (if applicable)
If Applicant is Employed:
• Latest Certificate of Employment or
• In lieu of COE, duly designed employment validation
• Latest 3 months Payslip
• Employment Contract (if applicable)
If Applicant is a Proprietor:
• Business Permit (Barangay Business Permit, SEC Registration, DTI Permit, Mayor’s Permit)
• Latest General Information Sheet
• Articles of Incorporation or Partnership
• Board Resolution Authorizing the Loan
• 3 years Latest Audited Financial Statement (AFS)
• Proof of Business Transaction (if applicable)
• 2 Valid ID’s of Authorized Signatories/Representative (Applicant)
Additional Requirements if secured with REM:
• Title / Tax Declaration
• Special Power of Attorney (if applicable)
• Pictures of Collateral
• Certified True Copy of OCT / TCT
• Tax Declaration (land/bldg)
• Tax Receipt (RETR – land/bldg)
• Tax Clearance (land/bldg)
• Location / Sketch Plan
Additional Requirements if secured with CHM:
• Official Receipt (OR) / Certificate of Registration (CR)
• Special Power of Attorney (if applicable)
• Stencil of the Vehicle
• Pictures of Vehicle (offered collateral)
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Head Office Address:
J. M. Kalaw Street, Poblacion 5, Lipa City, Batangas 4217
Email:
kapartner@mcrbi.com.ph
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