Rural bank of San Mateo in the Philippines

RBSMI is considered as one of the largest banks in Region 2, in terms of resources, which at present amounts to P441 million. Now at 57 years, RBSMI, in good and bad times, has survived and flourished. Working time: Mo – Fr 8:00 – 16:00 St – Su: Closed

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Rural bank of San Mayeo (Isabela) , inc https://upfinance.com/app/uploads/2019/08/rururu.jpg
Jp Rizal Street 389 1800 Marikina
Phone: +63 9412096 Fax: +63 9480675, rbsanmateoisa@rbap.org
Interest rate 0.37% - 1%
Loan tenure from 6 to 24 months
Approval duration Up to 168 hours
Min. monthly income

Product Features

Min. financing amount ₱ 100000
Max.financing amount ₱ 1000000
Min. loan tenure 6 months
Max. loan tenure 24 months

Credit

Farmers loan

Interest Rates:  4,5% APR
Minimum loan amount: 100 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: Up to 15 years
Approval time: 3 – 10 banking days

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Borrower requirements

Qualifications: 
– 18 to 65 years old (but not more than 70 years old upon maturity of the loan)
– 5 years resident in the given address
– With regular, stable and legitimate source of income/existing business for at least 3 years (Related to the equipment being purchased)
– Licensed contractor for those who would avail of the heavy equipment
– Must pass the Borrowers Risk Rating
– No derogatory records, with good credit standing

 

Loan Calculator

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

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 15 years.

Contacts

Full company name Rural bank of San Mayeo (Isabela) , inc
Address Jp Rizal Street 389 1800 Marikina
Phone number Phone: +63 9412096 Fax: +63 9480675
E-mail rbsanmateoisa@rbap.org
Social networks

RBSMI is considered as one of the largest banks in Region 2, in terms of resources, which at present amounts to P441 million. Now at 57 years, RBSMI, in good and bad times, has survived and flourished.
Working time:
Mo – Fr 8:00 – 16:00
St – Su: Closed

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