Imus Rural Bank, Inc. was incorporated with the Securities and Exchange Commission on February 27, 1953 with SEC Registration No. 7386. It was the second rural bank to be incorporated in the country. At present, IRB, the acronym by which it is known to employees and clients alike, is now a showcase of the government’s […]Visit site
Mr. Oscar Tirona Position: President and Chairman
|Min. financing amount||₱ 100000|
|Max.financing amount||₱ 1000000|
|Min. loan tenure||3 months|
|Max. loan tenure||24 months|
Interest rates: From 8.00% APR
Minimum loan amount: 300 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 20 years
Total gross monthly income (minimum): 50 000 PHP
Approval time: 5- 21 banking days
Interest rates: From – 11.5% APR
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Payment terms: Up to 48 months
Approval time: 1-3 banking days
Down payment: As low as 20% of purchase price
Interest rates: From 3.5% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: Up to 24 months
Approval time: within 5 banking days
Interest rates: From 2.5% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: Up to 12 months
Approval time: 3 – 4 banking days
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
– Must be a Filipino Citizen
– Must have an office or residence landline
– Minimum gross monthly income for Metro Manila – 15 000 PHP
– For outside Metro Manila – 12 000 PHP
– 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
PESO DEPOSIT ACCOUNT
Imus Rural Bank offers various types of peso deposit accounts. Our competitive deposit interest rate and the lowest supporting balance have proven to be highly competitive and are particularly beneficial to our investors.
The longest loan period is 20 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.
The minimum down payment for a new car is 20% of purchase price, for a used car – 30% of purchase price.
Payment terms for new cars – up to 60 months.
Payment terms for used cars-up to 48 months.
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.
Documents confirming income and identification are the main requirements for obtaining a car 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.
Initial registration is usually done by agents, so you get a copy of OR / CR. You must remember that the initial registration is valid for 3 years, so after that you need to renew it annually in LTO.
|Full company name||Imus Rural Bank, Inc.|
|Address||Cor. Col. M. Sapinoson St. & Capt. I Bella St., Poblacion 1C, City of Imus, 4103 Cavite|
|Phone number||Contact: (046) 471-3358 Fax: (046) 472-2002; 471-0713|
Imus Rural Bank, Inc. was incorporated with the Securities and Exchange Commission on February 27, 1953 with SEC Registration No. 7386.
It was the second rural bank to be incorporated in the country. At present, IRB, the acronym by which it is known to employees and clients alike, is now a showcase of the government’s successful rural banking program. In fact, it has been fully independent of the re-discounting assistance program of the Bangko Sentral ng Pilipinas (BSP). This was made possible by the fact that the bank has, through the years, been continually increasing its capital stock in response to the increasing capital demand for credit by the agricultural sector evwithout any call for capital build up from the banking authorities.
The Bank is committed to deliver products and services that surpass customer expectations in value and every aspect of customer service, while remaining to be prudent and trustworthy steward of their wealth. This is made possible by the presence of an efficient work force of employees and staff distributed into the Main Office at Col. Sapinoso St., and its two branches located at the Imus Public Market and at Molino III, Bacoor, Cavite.
Fast service and friendly staff!