BHF Rural Bank, Inc. in the Philippines

BHF Rural Bank, Inc. was formed on February 28, 1997. BHF Rural Bank, Inc. originally housed its main office at the 2nd Floor, BHF Corporation Building, A.B. Fernandez Avenue, Dagupan City. In 2001 it moved to BHF Plaza at Mayombo District, Dagupan City and now stands to its own building on the same district when […]

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BHF Rural Bank, Inc. https://upfinance.com/app/uploads/2019/08/bhf.jpg
Mayombo District, Dagupan City, Pangasinan 2400
Contact: (075) 529-5966 (075) 522-9079 Fax: (075) 522-2852, bhfruralbank@yahoo.com
Interest rate 0.5% - 1%
Loan tenure from 6 to 25 months
Approval duration Up to 5-12 hours
Min. monthly income

Leading

Dr. Armando B. Bonifacio Position: President

Product Features

Min. financing amount ₱ 100000
Max.financing amount ₱ 10000000
Min. loan tenure 6 months
Max. loan tenure 25 months

Credit

Housing loan

Interest Rates:  From 7.00% APR
Minimum loan amount: 400 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 10 years
Approval time: 5- 21 banking days

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Auto loan

Interest Rates:  From 14% APR
Loan amount:
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Payment terms:
Brand New: 12 to 60 months
Second hand: 12 to 48 months
Maximum car age: For second hand, the age of vehicle + loan tenor should not exceed 11 years
Approval time: 1-3 banking days
Down payment: As low as 20% of purchase price

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OFW loan

Interest Rates:  From 21% APR
Minimum loan amount: 100 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: Up to 24 months
Approval time: within 5 banking days

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Teachers loan

Interest Rates:  From 1% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 100 000 PHP
Payment terms: Up to 12 months
Approval time: 1 – 5 banking days

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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 Self-employed:
– With at least two (2) continuous years of profitable operations in the same line of business

Business loan

We offer:
– AGRICULTURAL CREDIT

– AGRARIAN REFORM LOAN

– BUSINESS CREDIT

Deposited

We accept:
– REGULAR ECONOMIC DEPOSIT

– URGENT CONTRIBUTION

MAXIMUM DEPOSIT INSURANCE: Php 500,000.00

FAQ

The longest loan period is 10 years.

Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

No, the car is your property from the moment of purchase, but remains the bank’s guarantee for the loan period. This means that you cannot sell the car, and you also have to pay for car insurance so that the bank can receive its money in any case.

Payment terms for Brand New cars – up to 60 months.
Payment terms for Used cars – up to 48 months.

Documents confirming income and identification are the main requirements for obtaining an Auto loan.
Application form with filled in fields.
Copy of Passport or any ID ( SSS ID, Driver’s License, Voter’s ID)
Working borrowers must submit documents: certificates from the place of work or COE, a copy of payslip for 2 months, income tax return from BIR or ITR within 1 year.
Self-employed applicants must submit documents: a copy of the ITR with THE bir stamp , a copy of registration with the DTI or SEC, and a copy of financial statements for a period of at least 2 years .
After buying a car, you need to pay for insurance.

Filipino who is going to work abroad. Documents for issuing OFW loan:
• 2 valid IDs related such as passport and OWWA ID
• Copy of visa
• Consularized certificate of employment
• Flight ticket and details
• Transfer confirmation
• POEA overseas employment certificate – get this from the POEA office in your area
• For seafarers, the latest contract
• Billing confirmation
• Proof of residency

Typically, you should apply for an OFW loan when you already have an OWWA passport and other documents confirming your OFW status.

BHF Rural Bank issues an OFW loan for up to 24 months.

No

Contacts

Full company name BHF Rural Bank, Inc.
Address Mayombo District, Dagupan City, Pangasinan 2400
Phone number Contact: (075) 529-5966 (075) 522-9079 Fax: (075) 522-2852
E-mail bhfruralbank@yahoo.com
Social networks

BHF Rural Bank, Inc. was formed on February 28, 1997.
BHF Rural Bank, Inc. originally housed its main office at the 2nd Floor, BHF Corporation Building, A.B. Fernandez Avenue, Dagupan City. In 2001 it moved to BHF Plaza at Mayombo District, Dagupan City and now stands to its own building on the same district when it transferred its Main Branch and Corporate Office last 2007
BHF Rural Bank, Inc. has current six (6) branches, to wit: Lingayen Branch, Urdaneta City Branch, Tayug Branch (Previously Paniqui Branch), Mangatarem Branch (Previously Baguio City Branch), Rosario La Union (Previously Tarlac City Branch) and Alaminos City Branch.
Today, the Bank continues to upgrade its operating systems and professionalized its ranks in order to provide better services to its clienteles and to be at par with Bangko Central Ng Pilipinas and international banking standards.

Users rating

Reviews

5 months ago

Lowest interest rate

I got a car loan when we finally had money to pay off (the interest rate was low), it was easy to get it!

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