Rural Bank of Barili in the Philippines

Rural Bank of Barili (Cebu), Inc. with its Head Office located at Corner H. Alquizola and C. Alquizola Streets, Poblacion, Barili, Cebu was organized on September 21, 1970 by Mr. Teotimo A. Abellana and officially started its operation on March 8, 1971.

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Rural Bank of Barili (Cebu), Inc. https://upfinance.com/app/uploads/2019/08/LogoHeader.jpg
Corner H. Alquizola and C. Alquizola Streets, 6036 Poblacion, Barili, Cebu
+63 (032) 470 9888; (032) 470-9080; 470-9220, RBI@yahoo.com; rbbi04@yahoo.com
Interest rate 0.66% - 3%
Loan tenure from 3 to 24 months
Approval duration Up to 240 hours
Min. monthly income

Leading

Mr. Teotimo Carlos P. Abellana Jr. Position: President and Chairman

Product Features

Min. financing amount ₱ 100000
Max.financing amount ₱ 1000000
Min. loan tenure 3 months
Max. loan tenure 24 months

Credit

Agricultural loan

Interest rates: From 8.00% APR
Minimum loan amount: 100 000 PHP
Payment terms: Up to 2 years
Approval time: 5- 21 banking days

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Real Estate loan

Interest rates:  From 9.00% APR
Minimum loan amount: 300 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 10 years
Approval time: 5- 21 banking days

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Personal loan

Interest rates:  From 3% 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

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Salary loan

Interest rates:  From 2,5% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 100 000 PHP
Payment terms: Up to 3 months
Approval time: 3 – 4 banking days

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Loan Calculator

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

Business loan

Commercial loan

Interest rates: From 10.00% APR
Minimum loan amount: 100 000 PHP
Payment terms: Up to 2 years
Approval time: 5- 21 banking days

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Industrial loan

Interest rates:  From 9.00% APR
Minimum loan amount: 300 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 3 years
Approval time: 5- 21 banking days

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Deposited

  • Savings Deposits
  • Time Deposits

FAQ

The longest loan period is 10 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.

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 5 years .
Do I need to provide a loan for collateral?
There are different options for loans, both with and without collateral.
You may be able to get a soft loan for programs:
– Fund for improving the competitiveness of agriculture (ACEF)
– Program for financing agriculture and fisheries
– or others .
In this case, no collateral will be required and interest rates will be low.

Contacts

Full company name Rural Bank of Barili (Cebu), Inc.
Address Corner H. Alquizola and C. Alquizola Streets, 6036 Poblacion, Barili, Cebu
Phone number +63 (032) 470 9888; (032) 470-9080; 470-9220
E-mail RBI@yahoo.com; rbbi04@yahoo.com
Social networks

Rural Bank of Barili (Cebu), Inc. with its Head Office located at Corner H. Alquizola and C. Alquizola Streets, Poblacion, Barili, Cebu was organized on September 21, 1970 by Mr. Teotimo A. Abellana and officially started its operation on March 8, 1971.

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