Cantilan Bank in the Philippines

Cantilan Bank, Inc. (CBI) then known as the Rural Bank of Cantilan, Inc., was authorized by the then Central Bank of the Philippines to operate on May 30, 1980 with an authorized capitalization of Php 500,000.00 and paid-up capital of Php 157,500.00. CBI started with 21 stockholders/incorporators. Today, Cantilan Bank, Inc. has authorized capitalization of […]

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Cantilan Bank, Inc. (A Rural Bank) https://upfinance.com/app/uploads/2019/08/Cantilan-Bank-logo-500.png
Orozco St., Magosilom, Cantilan, Surigao del Sur 8317
Tel. No.: +63 86 212 5056 to 60 Fax No.: +63 86 212 5055 / 212 5273, info@cantilanbank.com
Interest rate 1.67% - 2%
Loan tenure from 3 to 61 months
Approval duration Up to 168 hours
Min. monthly income

Leading

Brig. Gen. Charles Y. Hotchkiss, retired Position: President

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 5000000
Min. loan tenure 3 months
Max. loan tenure 61 months

Credit

Microfinance loan

Interest Rates:  From 2% per month
Minimum loan amount: 3 000 PHP
Maximum loan amount: 80 000 PHP
Payment terms: 3 to 12 months
Approval time: within 5 banking days

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Borrower requirements

Eligibility: 
– Micro-entrepreneurs, 18 to 65 years old;
– Microenterprise for at least one (1) year;
– Has a regular daily, weekly, or monthly income;
– Resident of at least two (2) years within CBI service area or current home-owner of a residence;
– Without any existing history of delinquent/past due loan with Cantilan Bank, Inc. or any other creditor/s

 

Loan Calculator

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

Business loan

Agricultural loan

Interest Rates:  20% APR
Minimum loan amount: 10 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: 12 to 61 months
Approval time: 1 – 10 banking days

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Agri value chain

Interest Rates:  20% APR
Loan amount: Up 1 000 000 PHP
Payment terms: 1 – 12 months
Approval time: 1 – 10 banking days

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Business enterprise loan

Interest Rates:  From 1,5% per month
Minimum loan amount: 350 000 PHP
Maximum loan amount: 15 000 000 PHP
Payment terms: 1 to 5 years
Approval time: 3 – 10 banking days

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Eligibility requirements

– 21 to 70 years old;
– Business activity for at least three (3) years of sole proprietorship;
– Permanent resident within service area of the branch for at least three (3) years;
– Must be willing to maintain basic set of books;
– Must be willing to submit monthly, quarterly, semi-annual or annual listing of inventory or receivables and assist in the inspection and verification of said inventory and receivables as stipulated in the loan agreement;

Deposited

REGULAR SAVINGS
REGULAR TIME DEPOSIT
PREMIUM TIME DEPOSIT
ATM (MONEYCARD)
STUDENT SAVERS CLUB
COMMITMENT SAVINGS DEPOSIT ACCOUNT
CURRENT ACCOUNT

Loan Installment

PENSION LOAN
SALARY LOAN – Loanable amount : P10,000 – P150,000 Loan term : 12 to 36 months
BACK – TO – BACK LOAN – Loanable amount : Amount of loan is dependent on the amount of deposit which shall not exceed 100% deposit balance Loan term : For Certificate of Time Deposit, it shall not exceed to the maturity date of the certificate of time deposit or 12 months whichever is shorter. For Savings Deposit, term of loan shall not exceed 12 months.
MICROFINANCE LOANS Loanable amount : Minimum of P3,000 to a maximum of P80,000 (for first loan cycle) Loan term : 3 to 12 months
HOME FINANCING LOAN – Loanable amount : P25,000 – P450,000 Loan term : 1-15 years

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 5 years.

Contacts

Full company name Cantilan Bank, Inc. (A Rural Bank)
Address Orozco St., Magosilom, Cantilan, Surigao del Sur 8317
Phone number Tel. No.: +63 86 212 5056 to 60 Fax No.: +63 86 212 5055 / 212 5273
E-mail info@cantilanbank.com
Social networks

Cantilan Bank, Inc. (CBI) then known as the Rural Bank of Cantilan, Inc., was authorized by the then Central Bank of the Philippines to operate on May 30, 1980 with an authorized capitalization of Php 500,000.00 and paid-up capital of Php 157,500.00. CBI started with 21 stockholders/incorporators.
Today, Cantilan Bank, Inc. has authorized capitalization of Php 300 million and ownership has grown to 284 stockholders with paid-up capital of Php 247 million. From one brick-and-mortar branch in 1980, Cantilan Bank has grown to 44 branches and offices operating in the Caraga Region, Misamis Oriental, Compostela Valley, Davao del Norte, Davao del Sur, Davao Oriental, Leyte, Southern Leyte, and Bukidnon with total resources of Php 2.45 billion as of September 2018. CBI is now one of the biggest rural banks in the country.

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