RBA in the Philippines

RBARural Bank of Angeles was established on August 26, 1952 and started its operations on January 31, 1953. It’s the 6th Rural Bank in the Philippines and first in Pampanga. In April 2009, Rural Bank of Angeles was formally acquired by Asia United Bank, one of the Philippines well known universal bank. Obtaining the Rural […]

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Rural Bank of Angeles https://upfinance.com/app/uploads/2019/08/rba.jpg
1229 Sto. Entierro Saint, Angeles City, Pampanga
+63933-868-0493 / +63933-868-0494 Have a question? Call us now (045)5980022 / 09190662317, custcare@rba.com.ph
Interest rate 2% - 4.5%
Loan tenure from 1 to 24 months
Approval duration Up to 120 hours
Min. monthly income

Leading

Atty. Rainer T. Defante Position: President

Product Features

Min. financing amount ₱ 2000
Max.financing amount ₱ 1000000
Min. loan tenure 1 months
Max. loan tenure 24 months

Credit

Microfinance loan

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Interest Rates:  From 48% to 54% APR
Maximum loan amount: Up to 300 000 PHP
Payment terms: Up to 1 year
Service Charge: 1% to 3% depending on the loan cycle and payment history
Approval time: 1 – 5 banking days

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Borrower requirements

Eligibility: 
– An existing business at the time of application operating for at least two (2) years.
– Entrepreneurs who are engaged in business activities that generate regular sales (daily, weekly or monthly)
– A resident in the area for at least 2 years.
– At least 21 to 65 years old at the date of application.
– Has no past due records with the Bank and with other financial institutions and/or suppliers

 

Loan Calculator

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

Business loan

Agricultural loan

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Interest Rates:  24% APR
Loan amount: Dependent to the agricultural activity requirement
Approval time: 3 – 10 banking days

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Borrower requirements

Eligibility: 
– 21 years old upon application of loan
– At least 2 years farm operation
– Availability of other sources of income
– No past due accounts with the bank, other institutions and/or suppliers
– No pending cases
– A permanent resident of the barangay for at least 2 years

Deposited

Savings Account

REGULAR SAVINGS ACCOUNT

Product description:
Interest savings account that allows you to deposit and withdraw money without a prescription using a bank book.
Transactions can only be executed through a meter at its branch office and in other RBA branches.
Uses booklet to track transactions.
PDIC insured up to 50,000 P

Details Terms
Minimum Initial Deposit 1,000.00
Maintaining Balance 1,000.00
Withholding Tax Rate 20%
Interest Rate 0.50%
Interest Credited Quarterly
ADB Requirement 1,000.00
Required ADB to Earn Interest 1,000.00
Below Maintaining (ADB) Charge
P110.00 Monthly
Security
PDIC insured up to P500,000.00

MICRO-SAVINGS ACCOUNT

Product description:
This account is allowed only for customers applying for a microfinance loan and for individuals with a micro-business.
An interest savings account that allows you to deposit and withdraw funds (with SO / BM / AO approval) through a cash register using a bank book.
Transactions can only be executed through a meter at its branch office and in other RBA branches.
Uses booklet to track transactions.
PDIC insured up to 50,000 P

Details Terms
Minimum Initial Deposit 100
Maintaining Balance 100
Withholding Tax Rate 20%
Interest Rate 0.75%
Interest Credited Quarterly
ADB Requirement 100
Required ADB to Earn Interest 500
Below Maintaining (ADB) Charge N/A
Security
PDIC insured up to P500,000.00

Time Deposit

Regular time deposit

Product description:
Certificate of deposit (in pesos) at the Bank for a fixed period of time in exchange for fixed interest payable at the end of the term.
Transactions can be made through the counter in his branch at the place of residence.
PDIC insured up to 50,000 P
 

Details Terms
Minimum Initial Placement 1,000.00
Placement Term
30 days up to 360 days
Withholding Tax Rate 20%
Documentary Stamps
P1,000.00 /200 x 1.50 x term/360
Pre-termination Penalty
Rate back to 0.75%

5 year deposit term

Product description:
The interest certificate of the deposit (in pesos) is maintained for at least (5) five years. Earned interest is calculated every 35 calendar days.
Interest income received by the depositor is exempt from 20% of the final tax and documentary stamps, thereby increasing the depositor’s income and the bank’s access to longer-term financing in support of its insured PDIC up to 500,000.00 P

Details Terms
Minimum Initial Placement 50,000.00
Placement
Term
5 Year Fixed
Withholding
Tax Rate
waived
Documentary
Stamps
waived
Pre-termination Policy
a)Tenor<3 years : 50% of all interest earned
b)Tenor<4 years : 25% of all interest earned
c)Rate back to 0.75%. Subject to Withholding Tax and Documentary Stamps Expenses

Current account
Product description:

Interest check account that maximizes the strength of the account holder’s funds, earning interest on issuing checks.
Deposits and encashment can only be made through the counter at his place of residence and other branches of the RBA.
Uses an accounting book to monitor transactions.
PDIC insured up to 50,000 P
Types: Personal and Corporate

ACCOUNT CHECK – PERSONAL

Details Terms
Minimum Initial Deposit 2,000.00
Maintaining Balance 2,000.00
Withholding Tax Rate 20%
Interest Rate 0.50%
Interest Credited Quarterly
ADB Requirement 2,000.00
Required ADB to Earn Interest 5,000.00
Below Maintaining (ADB) Charge
P200.00 Monthly
Security
PDIC insured up to P500,000.00

ACCOUNT CHECK – CORPORATION

Details Terms
Minimum Initial Deposit 5,000.00
Maintaining Balance 5,000.00
Withholding Tax Rate 20%
Interest Rate 0.50%
Interest Credited Quarterly
ADB Requirement 10,000.00
Required ADB to Earn Interest 15,000.00
Below Maintaining (ADB) Charge P200.00 Monthly
Security PDIC insured up to P500,000.00

 OTHER SERVICE CHARGES

Details Terms
Early Closure (within 30days) 200
Lost Passbook
Replacement
100
Bank Certification 100
Statement of Account 5.00 per page
Checkbook 200
Stop Payment Order
(SPO)
300.00 per check
Returned Check
(DAIF, DAUD)
2,000.00 + 200.00 per day for every 40,000 on a fraction thereof
Returned Check
(SPO Unfunded)
2,000.00 + 200.00 per day for every 40,000 on a fraction thereof
Returned Check
(SPO Funded)
1,000.00

Loan Installment

Provides microfinance lending services.

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

Send an application

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)

Send an application

Usually the term is from 1 year to 2 years.

Send an application

Contacts

Full company name Rural Bank of Angeles
Address 1229 Sto. Entierro Saint, Angeles City, Pampanga
Phone number +63933-868-0493 / +63933-868-0494 Have a question? Call us now (045)5980022 / 09190662317
E-mail custcare@rba.com.ph
Social networks

RBARural Bank of Angeles was established on August 26, 1952 and started its operations on January 31, 1953.
It’s the 6th Rural Bank in the Philippines and first in Pampanga. In April 2009, Rural Bank of Angeles was formally acquired by Asia United Bank, one of the Philippines well known universal bank. Obtaining the Rural Bank allows AUB to continuously build its growing network of branches nationwide and offer a wide range of banking products and services to serve the needs of the consumers finance, middle and small market segments.
Rural Bank of Angeles now plays an integral par to increase its customers and market reach especially in Pampanga, Tarlac, Nueva Ecija, Pangasinan, Nueva Vizcaya & Isabela. It has Nineteen (19) branches with a vision of becoming the Rural Bank of choice, known for financial strength and superior delivery of innovative products and services. The Bank provides clients’ ultimate rural banking experience with a premium on personalized services. It continuously explores better opportunities to respond to its growing clients’ needs with the introduction of more timely, relevant and innovative products and services.

Users rating

Reviews

1 year ago

nice Back

An excellent bank to deal with. All staff are very professional and knowledgable. They quickly resolve any issue and provide individual service. This is not a mega national bank with little or no care for customers, but a strong regional bank with strong dedication to the areas they service. Their online banking experience is easy and friendly. They need to increase their ACH transfer limits for customers.

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