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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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
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
Calculate loanBorrower 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
Business loan
Agricultural loan
Interest Rates: 24% APR
Loan amount: Dependent to the agricultural activity requirement
Approval time: 3 – 10 banking days
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
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 2 years.
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 |
| 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
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.
