MVSM bank in the Philippines

On 18 June 1953, the very first bank in the Municipality of Marikina was opened carrying the name LIAMZON RURAL BANK, which later assumed the name MARIKINA VALLEY RURAL BANK (MVRB) A few years later, Mr. Liamzon and his family opened and purchased a few other banks, namely Marikina Life Savings Bank and Rural Bank […]

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MVSM Bank (A Rural Bank Since 1953) Inc. https://upfinance.com/app/uploads/2019/08/MVSM.jpg
389 J. P. Rizal St., Sto. Niño, 1800 Marikina City
Contact: (02) 681-0075/681-6984 Local 101 Fax: 681-0075 loc. 105 | 369-7082, feedback@mvsmbank.com; accountingdept@mvsmbank.com; gigettedeluna@mvsmbank.com
Interest rate 1.25% - 3.5%
Loan tenure from 3 to 240 months
Approval duration Up to 120 hours
Min. monthly income

Leading

Ms. Brigida Regina J. De Luna Position: President

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 1000000
Min. loan tenure 3 months
Max. loan tenure 240 months

Credit

Business and Housing Loan

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Interest rates: 15% per year
Minimum loan amount: 300 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 20 years
Approval time: 5- 21 banking days

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Consumer loan

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Interest rates:  from 18% per year
Minimum loan amount: 10 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: Up to 36 months
Approval time: within 5 banking days

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Loan Calculator

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

Borrower requirements

Original title deed / Transfer of title deed
Certified OCT / TCT copy
Tax return (both for construction and for the site)
Last tax receipt
Location Map and Area Map
Tax clearance
Image of property and surrounding areas
Last image 2 × 2 (husband and wife)
Last ITR (husband and wife)
Marriage contract
Certificate of residence
A photocopy of a valid ID
Bank statement (last three months)
Current account (electricity, water, telephone, credit card)

If a corporation:
Charter of a corporation
Secretary certificate
Council Decision
Financial report for the last three years

SSS LOANS PENSIONERS
SSS retirees can apply for a loan using their pension as security.

 Product features
Quick release
Higher loan amount
LOWEST interest rate in the MARKET TODAY!
Basic requirements:
SSS retiree, maximum age 70 years old at the time of application
SSS Pension transfer at MVSM Bank
SSS money transfers are a pension, not any other SSS benefit
At least one month registered remittance
At least two (2) co-makers who is an immediate family member or the next succession beneficiary

Deposited

Regular savings

Initial deposit P 500.00
Rate increase by 0.25% per annum
PDIC coverage: up to 500,000 P per depositor
Requirements:
Any valid ID (company ID, passport, driver’s license, PRC ID, postal or school ID)
Photo ID

Checking(Current) Depositt

Php 10,000.00 for Corporate Accounts
Monthly statement of account
Auto Debit Agreement

Megasavings

Minimum of Php 50,000.00 – five (5) year deposit
High interest rate (4% per annum)
Tax free
Earn interest monthly

FAQ

The longest loan period is 20 years.

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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.

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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.

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On average, initial approval of a Consumer credit application can be done from 30 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.

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

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

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When applying for a loan, you will be asked to choose a payment method. If you decide to transfer funds to a bank account, loan proceeds will be paid immediately after loan approval. If you chose to disburse to other banks, your loan proceeds will be disbursed within 2 business days upon loan approval.

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No, you don’t need to report money spent. You can use the money for a variety of personal needs, such as training, hospitalization, car upgrades, and paying bills.

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Basic Requirements:

  • SSS pensioner, maximum age is 70 at the time of application
  • SSS Pension remittance is with MVSM Bank
  • SSS remittance is pension and not any other SSS Benefit
  • With at least one month recorded remittance
  • At least two (2) co-makers who is an immediate family member or the next succession beneficiary
Send an application

Contacts

Full company name MVSM Bank (A Rural Bank Since 1953) Inc.
Address 389 J. P. Rizal St., Sto. Niño, 1800 Marikina City
Phone number Contact: (02) 681-0075/681-6984 Local 101 Fax: 681-0075 loc. 105 | 369-7082
E-mail feedback@mvsmbank.com; accountingdept@mvsmbank.com; gigettedeluna@mvsmbank.com
Social networks

On 18 June 1953, the very first bank in the Municipality of Marikina was opened carrying the name LIAMZON RURAL BANK, which later assumed the name MARIKINA VALLEY RURAL BANK (MVRB)
A few years later, Mr. Liamzon and his family opened and purchased a few other banks, namely Marikina Life Savings Bank and Rural Bank of Pateros (now merged with Country Builders Bank), Life Savings Bank, thrift bank of Mandaluyong Rural Bank, Montalban Rural Bank, Rural Bank of San Mateo (later called Bank of San Mateo). All rural banks were the first branches in their respective towns.
In 18 June 2008, the merger between Marikina Valley Rural Bank and Bank of San Mateo was formally announced. Introduced fifty-five (55) years later, on the same day was MVSM Bank. A fitting name to merge the two banks – MARIKINA VALLEY SAN MATEO BANK.

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