1st Valley Bank in the Philippines

1st Valley Bank is a development bank (3rd in terms of assets) in the Philippines, based in Baroy, Lanao del Norte and servicing various areas in Mindanao, specifically the provinces of Lanao del Norte, Lanao del Sur, Misamis Occidental, Misamis Oriental, Bukidnon, Zamboanga del Norte, Zamboanga del Sur and Zamboanga Sibugay. The bank’s primary clientele […]

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1st Valley Bank Inc. https://upfinance.com/app/uploads/2019/08/1v.jpg
1ST VALLEY BANK BLDG, VAMENTA COR. LIRIO ST. CARMEN
(088) 858-4153, info@1stvalleybank.com
Interest rate 0.79% - 1.5%
Loan tenure from 6 to 36 months
Approval duration Up to 120 hours
Min. monthly income

Leading

Nicolas Lim, President and CEO

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 1000000
Min. loan tenure 6 months
Max. loan tenure 36 months

Credit

Jewelry loan

Interest Rates:  2% per month
Minimum loan amount: 50 000 PHP
Payment terms: Up to 6 months
Approval time: 1 banking day
Collateral: Gold and Gems

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Teachers loan

Interest Rates:  0,79% – 1,5% per month
– APDS loan – 0,79% per month
– ATM loan – 1,5% per month
– Bonus loan – 1,25% per month
Maximum loan amount:
– APDS loan up to 525 000 PHP
– ATM loan up to 135 000 PHP
Payment terms: Up to 36 months
Approval time: 3 – 10 banking days

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Salary loan

Interest Rates:  From 2% per month
Maximum loan amount: 300 000 PHP
Payment terms: Up to 24 months
Approval time: 3 – 10 banking days

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Microfinance loan

Interest Rates:  From 3% per month
Maximum loan amount: 50 000 PHP
Payment terms: Up to 3 months
Approval time: 24 hours

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Borrower requirements

Eligibility: 
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
Сitizenship:
– Must be a Filipino Citizen
– Must have an office or residence landline
If Employed:
– Minimum gross monthly income for Metro Manila – 15 000 PHP
– For outside Metro Manila – 12 000 PHP
If Self-employed:
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income for Metro Manila – 30 000 PHP
– For outside Metro Manila – 25 000 PHP

Business loan

Agricultural loan

– are lending products that grant funds to eligible borrowers for agricultural purposes. Examples of these are the following: land plowing, sowing, or under-brushing, acquisition of farm animals for these activities, procurement or purchase of farm equipments and machineries, purchase of input such as seeds and fertilizers, poultry raising, livestock production, acquisition or construction of facilities for the following: production, processing, storage, and marketing. For more info visit our nearest branch in your area or contact us now!
Interest Rates:  From 7,5% per year

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Jewelry loan for business

Interest Rates:  1,5% per month
Minimum loan amount: 50 000 PHP
Maximum loan amount: Up to 140% of the appraised value
Payment terms: 6 – 12 months
Approval time: 1 banking day
Collateral: Gold and Gems

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Deposited

Type of Savings Deposit

Type of Deposit Product Required Initial Deposit Required Daily Balance To Earn Interest Interest Rate (Per Annum)
Regular Savings 1 000 PHP 1 000 PHP 0.50%
Kids and Teens Savings Account 100 PHP 500 PHP 0,50%
Micro Deposit 100 PHP 500 PHP 0,50%
Special Savings Regular 20 PHP 500 PHP 1,00%
SSD Micro 5% of the loan amount 500 PHP 0,50%
Handog Savings(For Farmers/Sucre client) 500 PHP 500 PHP 0,50%

FAQ

Bank does not accept household appliances, phones, designer bags as collateral, unlike some pawnshops. Also, bank has interest rates – 2% per month for individuals and 1,5% to expand or grow your business. Pawnshops interest rates usually vary from 3% to 7%.
The bank requires confirmation of the solvency of the borrower, unlike pawnshops.

The maximum term Jewelry loan to expand or grow your business is 12 months.

The bank sells your jewelry at auction.

This product provides regular employees/staff of local government units (LGUs) convenient cash solution. Under automatic payroll deduction, this type of loan is chargeable against any of the following: Salary, ATM, or bonus of the borrowers.

The maximum amount of a Salary loan is 300 000 PHP.

The maximum loan amount depends on your income and loan term. According to Philippine law, paying a loan cannot exceed 30% of income.

No, not required for collateral.

The basic requirement is that you must be a public school teacher or you are the administrative staff at DepEd.

The interest rate varies from 0,79% – 1,5% per month.

The maximum term for this type of loan is 36 months.

Contacts

Full company name 1st Valley Bank Inc.
Address 1ST VALLEY BANK BLDG, VAMENTA COR. LIRIO ST. CARMEN
Phone number (088) 858-4153
E-mail info@1stvalleybank.com
Social networks

1st Valley Bank is a development bank (3rd in terms of assets) in the Philippines, based in Baroy, Lanao del Norte and servicing various areas in Mindanao, specifically the provinces of Lanao del Norte, Lanao del Sur, Misamis Occidental, Misamis Oriental, Bukidnon, Zamboanga del Norte, Zamboanga del Sur and Zamboanga Sibugay.
The bank’s primary clientele include small and medium enterprises and farmers in the communities served by it. Loans granted by the bank are primarily channeled to help finance the production of coconut, corn, rice and fish. The bank also provides capital and other banking services, as a co-partner of the Department of Agriculture, to small-scale commercial, industrial and agri-aqua business or diversified farming in line with the government’s program in agricultural development to uplift the socio-economic welfare of the people. The bank has also a special loan program to accommodate salaried individuals and micro entrepreneurs.

User rating

Reviews

9 months ago

Best company

it is the best company and it is easy to work with it and it also do your personal growth and your personal growth is the key factor. i love it.

9 months ago

All Good (it is my love)

It was my first day in the branch that was bit typical learnt how to handily It all check books and services and how to initiate request of ATM Cards

9 months ago

it improves Banking Procedures.

• Great level of customer services and also great products offered to them • Working in 1VB improves your management skills very much because of work load, you have manage the balance between and work and your personal life • As the bank is still in initial stage, you get to see the development of products and services and also there improvements • The management is somewhat not focused on employee personal development • There is no check on the supervisors that how they are treating there subordinates which sometimes is a problem for lower level employees