Loans

A loan is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events. In doing so, the borrower incurs a debt, which he has to pay back with interest and within a given period of time.

Secured Loans

Secured loans are loans guaranteed by a collateral chattel or real estate property.  The loan amount for secured loans is based on the capacity to pay of the  orrower but not higher than the amount equivalent to 60% of the appraised value of the offered property to mortgage.

Agrarian Reform Loan

Agrarian Reform Loan refers to Production and other types of loans granted to beneficiaries of agrarian reform for the following purposes: acquisition of work animals, farm equipment and machinery, seeds, fertilizers, poultry, livestock, feeds and other similar items; acquisition of land
authorized under the Agrarian Reform Code of the Philippines; construction and/or acquisition of facilities for production, processing, storage and marketing; and efficient and effective merchandising of agricultural commodities stored and/or processed by the facilities aforecited in domestic and foreign commerce. 

Agricultural Loan

Agricultural Loans, in general, include all loans and/or advances granted to borrowers, whether beneficiaries of agrarian reform or not, to finance activities relating to agriculture, and for processing, marketing, storage, and distribution of products resulting from these activities.

Commercial Loan

Commercial loan is a credit facility granted to finance businesses that need funds to support its operation and/or expansion. Commercial loans are extended to businesses other than those classified as agrarian and agriculture-related businesses.

Unsecured Loan

Unsecured loans are credit accommodations granted without a collateral chattel or real estate property. These loans are granted to borrowers with good character, background and credit standing. The loan amount is based on the borrower's capacity to pay as per evaluation made by the bank.

Salary Loan

Salary Loan is an unsecured credit accommodation granted to an eligible borrower. Eligibility of the borrower and the amount of loan are determined through the borrower's employment status and capacity to pay. The Bank also grants Special Salary Loan accommodations to employees of affiliated companies of the Bank subject to guaranty deposit placed by the affiliate. 

Other Loan

Other Loans/Special Loans are credit accommodations granted to eligible borrowers that may be secured or unsecured but cannot be classified under the above classifications. This type of loan may be availed by eligible
borrowers for purposes other than agricultural, agrarian, or commercial.