AGRI-PRODUCTION LOAN

Agricultural Financing

Loan Terms and Conditions

Purpose of Loan

  • To improve agricultural productivity in the rural areas by providing credit assistance to qualified borrowers.
  • Farming of agricultural crops such as rice, corn, vegetable, onion and coconut.

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)
  • Proof of Billing
  • Photocopy of Title/s
  • REM collateral with proper documentation
  • Tx Declarations, Clearance and Tax Receipt
  • Lot plan with vicinity map
  • MARO/ BARC
  • Proof of ownership of other properties
  • Other documents as may be required:
    • Deed of undertaking
    • Affidavit of non-tenancy of farm lot
    • Affidavit of consent to mortgage family home for residential lot
    • Special power of attorney (if applicable)
    • Waiver of rights

Eligibility Criteria

  • A Filipino citizen
  • 21-65 Years Old
  • 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
  • With acceptable collateral to cover the amount of loan
  • Not an accommodation
  • Must not been turned down by another branch

Capital Investment or Expansion

Loan Terms and Conditions

Purpose of Loan

  • For farm lot acquisition
  • To redeem the farm lot under lease agreement (tutubos ng sangla sa bukid)
  • To acquire farm lot by means of lease contract (kukuha ng sangla na bukid)
  • Construction of post-harvest facilities, (i.e. warehouse, solar bed dryer)
  • Acquisition of farm machineries other than machineries under the Agri-Machinery Loan Program (i.e.c harvester, tractors and trans planter.
  • To improve agricultural productivity in the rural areas by providing credit assistance to qualified borrowers.

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)
  • Proof of Billing
  • Photocopy of Title/s
  • REM collateral with proper documentation
  • Tx Declarations, Clearance and Tax Receipt
  • Lot plan with vicinity map
  • Court clearance
  • MARO/ BARC
  • Proof of ownership of other properties
  • Other documents as may be required:
    • Deed of undertaking
    • Affidavit of non-tenancy of farm lot
    • Affidavit of consent to mortgage family home for residential lot
    • Special power of attorney (if applicable)
    • Waiver of rights

Eligibility Criteria

  • A Filipino citizen
  • 21-65 Years Old
  • 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
  • With acceptable collateral to cover the amount of loan
  • Not an accommodation
  • Must not been turned down by another branch

Loan Rates

Diminishing Interest Rate (per annum)

Amount of Loan

Mode of Amortization

Semi-Annual

Quarterly

Monthly

Php300K and below

18.00%

17.50%

17.00%

Above Php300K to Php500K

17.00%

16.50%

16.00%

Above Php500K to Php1M

16.00%

15.50%

15.00%

Above Php1M

15.00%

14.50%

14.00%

Tulong sa Magsasaka Program (TMP)

Loan Terms and Conditions

Purpose of Loan

  • Tulong sa Magsasaka Program (TMP) is a timely, affordable and accessible
    loan with savings component and technical support.
  • To improve agricultural productivity in the rural areas by providing credit assistance to qualified borrowers.
  • Specifically designed for micro-entrepreneurs

Loan Processing Requirements

  • Duly accomplished Loan Application Form
  • Valid ID of an applicant/borrower.
  • BARC/MARO Certification

Eligibility Criteria

  • Farmers-land owners and farmers-tenants engaged in palay, corn,
    vegetable, onion, root crop and swine production.
  • The applicant should be the registered land owners/tenants with MARO/BARC Certificate.
  • Minimum land of half hectare (0.5) and maximum of five (5) hectare for
    crop commodity.
  • Minimum of two (2) sow level up to maximum of ten (10) sow level for
    breeder farmer.
  • Minimum of five (5) heads up to maximum of fifty (50) heads for fattener
    farmer.
  • Applicant or his spouse is engaged in agribusiness for at least one (1)
    year.
  • 18-65 years old and in good health condition.

Loan Rates

Regular Interest Rate – 3% per month (add-on)

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