Rural Bank of Rosario in the Philippines

Rural Bank of Rosario offer a wide range of products and services such as Deposits, Loans, Remittances and other Financial Services in 7 offices located in the provinces of La Union and Pangasinan. Courteous and efficient staff and management will always be ready to assist you in whatever banking & financial services you may require […]

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Rural Bank of Rosario https://upfinance.com/app/uploads/2019/08/Без-названия.jpg
RBR Building Poblacion East, National Highway Rosario, La Union 2506
(072) 687-0032; (072) 687-0239; (072) 682-0844, gm@ruralbankofrosario.com
Interest rate 0.58% - 2%
Loan tenure from 3 to 180 months
Approval duration Up to 360 hours
Min. monthly income

Leading

Jesus G. Tabora Chairman of the Board Nicolas R. Tabora President/CEO/Director Marianita P. Ladia Vice Chairman/Director Cynthia Barbara T. Tuason Director Susan T. Guevara Director Nicholo Andre K. Tabora Director Elvira E. Barroga Independent Director Della F. Gamboa Corporate Treasurer Haydee Bernadette D. Hipolito Corporate Secretary

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 1000000
Min. loan tenure 3 months
Max. loan tenure 180 months

Credit

Real estate/housing loan

Interest Rates:  From 7% APR
Maximum loan amount: 70% of the acquisition cost of the real estate property to be financed
Payment terms: Up 15 years
Security:
The property to be financed together with its improvements, if any
Approval time: within 15 banking days

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Private employees loan

Interest Rates:  From 1,8% per month
Maximum loan amount: amount shall not be more than three (3) months Basic pay
Payment terms: Up to 1 year
Security:
Two (2) co-employees should act as co-makers who are permanent/regular employees of at least two (2) years of continued permanent employment in the same company or government agency
Spouse should be the co-borrower, if any
Life Insurance, coterminous to the term of loan
Approval time: 1 – 5 banking days

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Barangay officials loan

Interest Rates:  From 1,3% per month
Loan amount: amount shall not be more than five (5) months Basic pay
Payment terms: Up to 20 months
Security:
The Barangay Chairman and Treasurer should act as co-makers
Spouse should be the co-borrower, if any
Approval time: 1 – 5 banking days

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Motor vehicle loan

Interest Rates:  From 16% APR
Loan amount:
Brand new: 70% of the acquisition cost of the motor vehicle to be financed
Second hand: 70% of the fair market value for motor vehicle 5 years and below
40% of the fair market value for motor vehicles 6 – 10 years from date of acquisition
Payment terms:
Brand New: 12 to 60 months
Second hand: 12 to 36 months
Approval time: 1 banking day
Down payment: As low as 30% of purchase price

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Motorcycle loan

Interest Rates:  From 20% APR
Loan amount: 80% of the acquisition cost of the motorcycle to be financed
Payment terms: Up to 36 months
Approval time: 1 banking day
Down payment: As low as 20% of purchase price

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SSS/GSIS/PVAO Pensioners loan

Interest Rates:  From 1,6% per month
Security:
wo (2) SSS/GSIS/PVAO Pensioners who are also receiving their pension through the Bank or his/her nearest kin or relative should act as co-maker(s)
Spouse should be the co-borrower, if any or the nearest kin or relative.
Payment terms: Up to 24 months
Approval time: 3 – 4 banking days

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Back-to-Back loan

Interest Rates:  From 1,3% per month
Maximum loan amount:
amount shall not be more than the outstanding balance of the Savings Deposit, Certificate of Time Deposit or Special Savings Deposit of the loan applicant.
Payment terms: Up to 12 months
Approval time: 1 – 5 banking days

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Other loan

Interest Rates:  From 1,8% per month
Maximum loan amount:
70% of the appraised value of the titled property offered as collateral
50% of the appraised value for untitled real estate properties
40% of the appraised value of Chattel properties
Payment terms: Up to 36 months
Approval time: 1 – 5 banking days

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Loan Calculator

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

Borrower requirements

Barangay officials loan:
– Oath of Office duly signed by the Municipal Mayor
– Income tax return , if any (Borrower)
– Payroll Slip (latest month)
– Residence Certificates or any valid ID of borrower, co-borrower and co-makers (current year)
– 2” x 2” ID pictures (borrower/co-borrowers) –
– Memorandum of Agreement between the bank and the barangay to be signed by the Barangay Chairman and Treasurer and the Chief –
– Operation officer of the bank
Private employees loan:
– Certificate of Employment duly certified by the Paymaster or Personnel Manager.
– Civil Service Commission Appointment (if government employee)
– Latest Income Tax Return (Borrower)
– Payroll Slips (last two months)
– Residence Certificates of borrower, co-borrowers and co-makers (current year)
– 2” x 2” ID pictures (borrower/co-borrowers) – 2 copies each with signature at the back.
– Memorandum of Agreement between the bank and the company to be signed by the Personnel Manager, Finance Department Head or it’s – President and the Chief Operation Officer of the bank.

Business loan

Agricultural loan

Interest Rates:  From 7% APR
Security:
rm Animals (Carabao and Cow) not less than 1 year but not more than 10 years of age.
Farm equipments/machineries. (Hand Tractor, kuliglig, corn sheller etc.)
Real Estate Properties (Title or Tax Declaration)
Maximum loan amount:
Large сattle
1 year old – Php6,000.00, 2 years old – Php8,000.00, 3 years old – Php10,000.00, 4 – 5 years old – Php12,000.00, 5-10 years old Php15,000.00
Farm machineries
60% of the appraised value (not more than 1 year)
50% of the appraised value (1 year to 2 years)
Others:
40% of the appraised value for vehicle
70% for titled properties
50% for tax declaration
Payment terms: Up to 3 years
Approval time: 3 – 15 banking days

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Kabukiran loan

Interest Rates:  From 9% APR
Maximum loan amount:
PIGGERY/HOG RAISING:
Fattening – P5,000.00 per head. Maximum of 20 heads
Breeding – P10,000.00 per head. Maximum of 10 heads
CATTLE RAISING:
Fattening – P5,000.00 per head. Maximum of 10 heads
Breeding – P10,000.00 per head. Maximum of 5 heads
POULTRY:
maximum of 1,000 poultry layers or 5,000 broilers
CROPS:
RICE PRODUCTION
Hybred – Maximum of P42,000.00 per hectare
Inbred – Maximum of P37,000.00 per hectare
CORN PRODUCTION – Maximum of P40,000.00 per hectare
TOMATO PRODUCTION – maximum of P56,000.00 per hectare
POTATO PRODUCTION – maximum of P88,000.00 per hectare
BANANA PRODUCTION – maximum of P58,000.00 per hectare
MANGO PRODUCTION – maximum of P170,000.00 per tree (depending on the age of tree)
MILKFISH/BANGUS PRODUCTION:
maximum of P121,000.00 per 75 cubic meter cage
Payment terms: Up to 3 years
Approval time: 5 – 15 banking days

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Industrial loan

Interest Rates:  From 7% APR
Security:
Chattel and/or Real Estate properties together with its improvements, if any
Maximum loan amount:
70% of the appraised value of the titled property offered as collateral
50% of the appraised value for untitled real estate properties
40% of the appraised value of Chattel properties
Payment terms: Up to 3 years
Approval time: 5 – 15 banking days

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Eligibility requirements

Eligibility: 
Duly registered to operate as a business in the Philippines;
Must have been operating for at least 3 years, and profitable for the latest 1 year;
Must have no outstanding debt that exceeds 40% the company’s monthly income;
Each franchise loan must be tied to the business’ primary owner; for partnerships/corporations, this means:
Owner with simple majority (individual with the single largest stake in the company) must provide details and sign off on the loan application form, and ultimately be the signatory in the surety agreement prior to loan booking

If simple majority is shared across multiple owners, only (1) of them is required to sign off on the loan

Deposited

Deposit Services:

  • Corporate Current Account
  • Corporate Interest Account
  • Fixed deposit account
  • Global Corporate Account
  • Uniplus Corporate Account

Credit Card

For legal entitiesIt is offered to companies for expanding business or upgrading facilities and acquiring fixed assets such as factories, equipment, land and build.

FAQ

The longest loan period is 15 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.

The minimum down payment for a new car is 20% of purchase price, for a used car – 30% of purchase price.

Payment terms for Brand New cars – up to 60 months.
Payment terms for Used cars – up to 48 months.

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.

Yes, this is a loan secured by real estate.

The longest Mortgage loan term is 36 months.

Yes, property insurance is a prerequisite.

Contacts

Full company name Rural Bank of Rosario
Address RBR Building Poblacion East, National Highway Rosario, La Union 2506
Phone number (072) 687-0032; (072) 687-0239; (072) 682-0844
E-mail gm@ruralbankofrosario.com
Social networks

Rural Bank of Rosario offer a wide range of products and services such as Deposits, Loans, Remittances and other Financial Services in 7 offices located in the provinces of La Union and Pangasinan.
Courteous and efficient staff and management will always be ready to assist you in whatever banking & financial services you may require from the Rural Bank of Rosario (LU), Inc.

Users rating

Reviews

1 year ago

Good Rates

I opened the account within a couple minutes, so the online account opening process was painless and easy. The RBOR is guaranteed through June of 2019, so at least I know that I will be getting this rate for the next 8 months and I was assured that it is not an introductory rate, so even after June 2019 the rate should stay competitive.

1 year ago

Great Loan Packages

This Bank Have Great Loan packages and it is also providing its these kind pf services in good interest i will suggest you if you what a good bank this is here for you.

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