BOF in the Philippines

Bank of Florida (BOF), one of the country’s leading rural banks, provides products and services to empower and support the growth of Micro, Small, and Medium Enterprises (MSMEs) in Central Luzon. Established in 1964, BOF has served as a catalyst in Pampanga countryside development and growth. BOF is set apart from its competition through its […]

Visit site
Bank of Florida https://upfinance.com/app/uploads/2019/08/bof.png
Mc Arthur Highway, Dolores, City of San Fernando, Pampanga, Philippines C-2000
(045) 963-5288 to 90, (045) 961-7079, (045) 963-5188 to 89, customarecare@bankofflorida.ph
Interest rate 0.67% - 2%
Loan tenure from 6 to 120 months
Approval duration Up to 120 hours
Min. monthly income

Leading

Michael L. McMullan, President & CEO Tracy L. Keegan, CFO

Shareholders

Bankrupt bought by EverBank

Product Features

Min. financing amount ₱ 100000
Max.financing amount ₱ 1000000
Min. loan tenure 6 months
Max. loan tenure 120 months

Credit

Agricultural loan

Loan for farming needs like planting, harvesting, gathering and other agricultural like purchasing land, farm machines, equipment, fertilizers, seeds, poultry, livestock, and the like.
Interest Rates:  From 8% APR
Collateral: Secured with Real Estate Mortgage (REM)
Payment terms: Up to 24 months
Approval time: 5- 21 banking days

Calculate loan

Consumer loan

Loan for business expansions, house construction or improvement, education, travel, car purchase and more.
Interest Rates:  From 18% APR
Payment terms: Up to 18 months
Approval time: 3 – 5 banking days

Calculate loan

 

Loan Calculator

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

Borrower requirements

Eligibility: 
– Application Form
– Latest 2″ x 2″ picture – (2pcs) of the borrower and spouse
– Photocopy of any two (2) acceptable ID with picture and signature (Philippine Passport, Driver’s License, PRC, TIN, SSS, GSIS or Pagibig membership card, Company ID, other government issued ID’s)
– Photocopy of Marriage Contract or Certificate of No Marriage, if single.
– Residence Certificate (Cedula)
– Photocopy of any utility bills
– Authorization to conduct investigation on Bank dealings – duly signed by the borrower

Business loan

Business loan

The answer to Small and Medium Enterprises’ (SMEs) needs for working capital to expand their business and purchase commodities.
Interest Rates:  From 8% APR
Collateral: Secured with Real Estate Mortgage (REM)
Payment terms: Up to 10 years
Approval time: 5- 21 banking days

Calculate loan

Borrower requirements

– Application Form
– Latest 2″ x 2″ picture – (2pcs) of the borrower and spouse
– Photocopy of any two (2) acceptable ID with picture and signature (Philippine Passport, Driver’s License, PRC, TIN, SSS, GSIS or Pagibig membership card, Company ID, other government issued ID’s)
– Photocopy of Marriage Contract or Certificate of No Marriage, if single.
– Residence Certificate (Cedula)
– Photocopy of any utility bills
– Authorization to conduct investigation on Bank dealings – duly signed by the borrower

FAQ

This type of credit can be used by farmers and fishermen, micro and aqua- and – agri projects of local government units.
Borrower Requirements:
• Peoples Organizations
• Farmers Organizations
• Agrarian Reform Beneficiaries Organizations
• Other Conduits such as Co-ops, Rural Banks and NGOs

Document requirements may vary depending on the Bank, but this list usually includes:
1. A copy of the certificate of registration, cooperation / registration statutes and statutes / regulations (for and for submission by the communication Service);)
2. Farm plan and budget (if applicable)
3. Business plan (if applicable)

Usually the term is from 1 year to 2 years.

On average, initial approval of a Consumer credit application can be done from 10 minutes to 1 day. Final approval takes on average from 24 hours to 5 days. You just need to make sure your documents are completed when you submit them.

Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.

You do not require any collateral or guarantor to apply for a Consumer loan.

The longest loan period is 10 years.

Contacts

Full company name Bank of Florida
Address Mc Arthur Highway, Dolores, City of San Fernando, Pampanga, Philippines C-2000
Phone number (045) 963-5288 to 90, (045) 961-7079, (045) 963-5188 to 89
E-mail customarecare@bankofflorida.ph
Social networks

Bank of Florida (BOF), one of the country’s leading rural banks, provides products and services to empower and support the growth of Micro, Small, and Medium Enterprises (MSMEs) in Central Luzon. Established in 1964, BOF has served as a catalyst in Pampanga countryside development and growth. BOF is set apart from its competition through its in-depth understanding of clients’ needs, superior grassroots customer approach which stems from its desire in preserving, cultivating and protecting the heritage and rich culture not just that of Pampanga but that of the Filipino nation as well.

Users rating

Reviews

Leave a review

Your rating

Characters remaining: 4096

Only our subscribers have access to the most profitable loans and deposits offers.