AGRI-MACHINERY LOAN

Loan terms and conditions

Purpose of Loan

  • Financing of all brand and type of agricultural machineries for farmers to increase farm production.
  • Advanced technological equipment for farming with above PhP 300,000.00 value.
  • Fixed assets acquisition of farming equipment for farming.

Loan Processing Requirements

  • Application Forms duly filled-out and signed by the applicant/s
  • 2 x 2 ID Picture
  • 2 Valid IDs
  • Community Tax Certificate
  • Mayor’s or Business Permit (if applicable)
  • Financial Statements or Income Tax Return (if applicable)
  • Bank Statement/ Passbook for the past three (3) months
  • Certificate of Employment (if applicable)
  • Photocopy of land title (with Special Power of Attorney if property is not under the client’s name
  • Proof of ownership of other properties
  • MARO/ BARC/ PARO Certificate of tenancy/tillage
  • Price quotation from dealer

Eligibility Criteria

  • A Filipino citizen or any juridical person recognized and licensed in the Philippines, i.e. Cooperatives
  • 18-75 years of age depending on health condition of the applicant
  • Within the present serving area
  • Not engaged in illegal activities
  • Must have a good credit record with banks and other lending institutions
  • With stable source of income
  • Farmers-land owners engaged in palay agricultural production
  • Should be registered land owners
  • Businessmen with stable source of income
  • Must not be an accommodation
  • Must not been turned down by another branch