Rural Bank of Mabalacat in the Philippines
The Rural Bank of Mabalacat, Inc. started its operations in the town of Mabalacat, Province of Pampanga, on November 4, 1964. RBMI’s prudent and conservative hands-on management has allowed it to enjoy continued growth and stability despite the prolonged effects of the Asian Economic Crisis, the various problems that have plagued the country’s financial and […]
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Leading
Contact person: Mr. George K. Dikayko Position: President and Director
Product Features
| Min. financing amount | ₱ 10000 |
| Max.financing amount | ₱ 1000000 |
| Min. loan tenure | 1 months |
| Max. loan tenure | 36 months |
Credit
Pension loan
Interest rates: From 2.2% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 300 000 PHP
Payment terms: Up to 24 months
Approval time: 3 – 5 banking days
Calculate loanMulti Purpose loan
Interest rates: From 2.7% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: Up to 36 months
Approval time: 1-3 banking days
Salary loan
Interest rates: From 1.25% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: Up to 3 months
Approval time: 1 banking day
Green Solar loan
Interest rates: From 1.5% per month
Minimum loan amount: 50 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: Up to 36 months
Approval time: within 5 banking days
Business loan
Small-medium enterprise loan
Rates: From 1,5% per month
Minimum loan amount: 3 000 000 PHP
Maximum loan amount: 15 000 000 PHP
Payment terms: Up to 3 years
Approval time: 5-21 banking days
Agricultural loan
Rates: From 1% per month
Minimum loan amount: 500 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 2 years
Approval time: 5-21 banking days
Deposited
Regular savings deposits
Rates: 0.25%
Minimal account opening and balance maintenance
– for student P100,
– for individual and corporate accounts P500
The minimum deposit balance for accruing interest on a conventional savings deposit P1 000.00
Interest on income is subject to withholding tax of 20%.
FAQ
The Bank grants such loans only to employees of enterprises, which have established a Memorandum of Agreement (MOA) for salary loans with RBMI.
The maximum amount of a Salary loan is PhP 500,000.
The maximum loan amount depends on your income and loan term. According to Philippine law, paying a loan cannot exceed 30% of income.
No, not required for collateral.
On average, initial approval of a Multi Purpose credit application can be done from 10 minutes to 1 day. Final approval takes on average from 24 hours to 5 days. You just need to make sure your documents are completed when you submit them.
Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.
Do I need a guarantor or collateral for Multi Purpose loan?
You do not require any collateral or guarantor to apply for a Personal loan.
No, you don’t need to report money spent. You can use the money for a variety of personal needs, such as training, hospitalization, car upgrades, and paying bills.
Small businesses in the Philippines can be determined depending on the size of the assets, the amount of equity and the number of employees. Enterprises can also be determined depending on the number of employees. Small businesses employ between 10 and 99 workers.
The maximum loan term without collateral is not more than 3 years.
• 1 year working business.
• Register with DTI or SEC in the name of the borrower.
• Mayor’s permission registered in the name of the borrower.
• The borrower is the main shareholder or owner of the business.
• The borrower has a current account of at least 6 months, which is used.
• The borrower has the right to sign checks.
To date, the maximum amount of this loan is PHP 15,000,000.
Contacts
| Full company name | Rural Bank of Mabalacat |
| Address | 107 Mac-Arthur Highway, Dau, Mabalacat, 2010 Pampanga |
| Phone number | Contact: (045) 308-0171 Fax: (045) 624-0122 |
| rbmabalacat@rbap.org | |
| Social networks |
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The Rural Bank of Mabalacat, Inc. started its operations in the town of Mabalacat, Province of Pampanga, on November 4, 1964. RBMI’s prudent and conservative hands-on management has allowed it to enjoy continued growth and stability despite the prolonged effects of the Asian Economic Crisis, the various problems that have plagued the country’s financial and political system, and the latest global financial meltdowns in the United States and Europe.
Vision
We envision to deliver efficient banking and financial services to small and medium enterprises, while promoting countryside and agricultural development.
Mission Statements
To promote countryside development by means of our institution’s personalized products and services.
To reach out to agricultural communities for their financial requirements and provide seminar programs to help in their economic progress
To be able to contribute to individual growth, as well as to communities and groups.
Users rating
Reviews
Great Loan
Great rates and helpful staff
