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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)


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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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