Directory of Financing Institutions In the Philippines
28 May
Financial program: Agricultural production loan; individual farmers with co-makers in need of financial assistance fir crop production; loanable amount depends onĀ project cost; 20% per annum; loan maturity 3 months to 2 years; payable semi-annually or lump sum payment; commercial and industrial loan; individuals and cooperatives in need of financial assistance loanable amount depends on project cost; 20% per annum(individual) or 10% per annum(cooperative); loan maturity 6 months to 2 years; payable daily, weekly, semi-monthly, monthly, quarterly; micro-lending(multi-purpose);aspiring and existing micro-entrepreneurs; P5,000 to P35,000; 20% per annum; loan maturity 6 months to 9 months; payable daily, weekly or semi-monthly; micro-lending(special financing program), micro-entrepreneurs with existing businesses, P5,000 to P100,000; 2.5% per month; loan maturity 100 days, payable daily, weekly or semi-monthly
Collateral/security: Real estate mortgage; chattel mortgage or CMS
Requirements: Accomplished loan application form, promissory note and co-makers’ statement; community tax certificate; barangay clearance; 2×2 picture
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