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SALARY LOAN
DEPED and Teachers Salary Loan
A salary loan for teaching and non-teaching personnel.
DEPED Salary Loan with Automatic Payroll Deduction System (APDS)
Eligible Borrowers
Teaching and Non-Teaching staff of the Department of the Department of Education
Loan Purpose
Personal Consumption and Start-up capital for business.
Amount of Loan
Maximum of P 500,000.00
Security
None
Flexible Terms and Mode of Payment
Teachers Salary Loan (not under APDS)
Eligible Borrowers
Teachers up to 65 years old, regularly employed with atleast 1 year in service
Loan Purpose
Amount of Loan
Maximum of P 500,000.00
Security
Flexible Terms and Mode of Payment
Offers Competitive Interest Rate
Basic Requirements:
• 2 Valid IDs of Applicant/s
• Latest Residence Certificate of Applicant/s
• Latest ID Picture of Applicant/s (2×2) 2 pcs.
• Latest Income Tax Return (if any) / T.I. Nos. of Borrowers
• Proof of Billing
• Bank’s Statement (if applicable)
• Latest Certificate of Employment or in lieu of CEO, a duly signed employment validation
• Latest 3 month’s Pay slip
• Employment Contract (if applicable)
Additional Requirements:
• Appointment Letter
• Latest Service Record
• Pictures of Property / Vehicle (offered collateral)
BONUS LOAN
Eligible Borrowers
Loan Purpose
Charge/s
Penalties – 36% per annum based on past due amortization
Flexible Terms and Mode of Payment
Offers Competitive Interest Rate
Basic Requirements:
• 2 Valid IDs of Applicant/s
• Latest Residence Certificate of Applicant/s
• Latest ID Picture of Applicant/s (2×2) 2 pcs.
• Latest Income Tax Return (if any) / T.I. Nos. of Borrowers
• Proof of Billing
• Bank Statement (if applicable)
• Latest Certificate of Employment or in lieu of COE, a duly signed employment validation
• Latest 3 months’ Pay slip
• Employment Contract (if applicable)
Additional Requirements:
• Appointment Letter
• Latest Service Record
• Pictures of Property / Vehicle (offered collateral)
MCRBi is a proud member of RBAP
MCRBi is regulated by the Bangko Sentral ng Pilipinas
Corporate Office
Mount Carmel Rural Bank Inc.
J.M. Kalaw Street. Poblacion 5, Lipa City, Batangas 4217
kapartner@mcrbi.com.ph
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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