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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

Based on credit scoring

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)



MCRBi is a proud member of RBAP

MCRBi is regulated by the Bangko Sentral ng Pilipinas  

Quick Links 

Corporate Office 

Mount Carmel Rural Bank Inc.

J.M. Kalaw Street. Poblacion 5, Lipa City, Batangas 4217

kapartner@mcrbi.com.ph

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For any questions, please call Mount Carmel Rural Bank Inc. Customer Service Hotline at (043) 456 6272 or + (63) 917 683 7211 (CALL ONLY)

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