Our mission: Provide responsive and innovative credit and other services needed by farmers, micro and small and medium-sized businesses. Providing our customers with value-added products and better service. Compliance with the requirements of our laws and regulations. To make our stakeholders very proud of our contributions to economic development in the Philippine countryside.Visit site
|Min. financing amount||₱ 25000|
|Max.financing amount||₱ 2000000|
|Min. loan tenure||12 months|
|Max. loan tenure||180 months|
Interest Rates: 6.5% – 9% APR
Loan amount: Brand new: up to 70% of purchase price
Second hand*: up to 50% of appraised value
Payment terms: Brand New: 12 to 60 months
Second hand*: 12 to 24 months
Approval time: 3-5 banking day
Down payment: As low as 30% of purchase price
*Second hand: Not more than 3 years old
– 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
– Minimum gross monthly income – 15 000 PHP
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income – 30 000 PHP
The longest loan period is 15 years.Send an application
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.Send an application
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.Send an application
The minimum down payment for a new car is 30% of purchase price, for a used car – 50% of purchase price.Send an application
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.Send an application
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.Send an application
Truck loan is provided for the purchase of a new truck – a 4, 6 or 10-wheel car.Send an application
Maximum loan amount up to 70% of assessed value.Send an application
Yes, the car remains pledged to the bank until the loan is repaid. In addition, you will be required to annually insure your car in case of breakdown or accident.Send an application
|Full company name||Producers Savings Bank Corporation|
|Address||1706 AIC Burgundy Empire Tower, ADB Avenue corner Sapphire St., Ortigas Center, Pasig City|
|Phone number||Contact: (02) 570-4137 Fax: (02) 654-4953|
Provide responsive and innovative credit and other services needed by farmers, micro and small and medium-sized businesses.
Providing our customers with value-added products and better service. Compliance with the requirements of our laws and regulations.
To make our stakeholders very proud of our contributions to economic development in the Philippine countryside.
Your bank accepting buyout loan?