Pangasinan Bank, Inc. operates as a rural bank catering for the financial needs in the rural areas on a wider perspective, with 6 branches strategically located within the provinces of Pangasinan and La Union.Visit site
Contact: Ms. Neela L. Torres Position: President
|Min. financing amount||₱ 30000|
|Max.financing amount||₱ 2000000|
|Min. loan tenure||1 months|
|Max. loan tenure||60 months|
Interest Rates: From 12% to 42% add-on rate, depending on the term and status of collateral
Minimum loan amount: 300 000 PHP
Maximum loan amount:
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value (minimum year model 2016)
Payment terms: 12-60 months
Approval time: 1-3 banking days
Brand new: 20% of purchase price
Second hand: 30% of purchase price
– 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
Term On demand
Interest Rate. 0.50% p.a.
Maintaining Bal. For an account to earn an interest, a balance of P500 must be maintained, otherwise, a maintaining fee of P10 per month is imposed as service charge.
Dormancy Period An account is considered dormant if no transaction (deposit or withdrawal) has taken place within the period of 2 years.
(Maximum Deposit Insurance for each depositor P500,000)
Term – Minimum of 30 days and maximum of one (1) year but can be withdrawn/pre-terminated on demand upon presentation of duly accomplished withdrawal slip and corresponding passbook. In which case, the contracted interest rate is reduced to the rate given to RSD
Interest Rate – The Board shall determine the interest rate based on prevailing market prices without prior notice. It is understood that the bigger the amount and the longer the term, the higher the interest rate.
Maintaining Bal Same as regular savings
Dormancy Period Same as regular savings
The longest loan period is 5 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 20% of purchase price, for a used car – 30% of purchase price.Send an application
Payment terms – up to 60 months.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
The term is from 1 year to 5 years.Send an application
|Full company name||Rural bank of Central Pangasinan|
|Address||Rizal Street, Poblacion, Mangaldan, Pangasinan|
|Phone number||(075) 653-1570|
Pangasinan Bank, Inc. operates as a rural bank catering for the financial needs in the rural areas on a wider perspective, with 6 branches strategically located within the provinces of Pangasinan and La Union.
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