Product Definition

This type of loan product is a “SECURED Loan” which can be availed by any individual or a farmer for the following purposes:

• to pay for farm expenses;
• to Lease agricultural lands;
• to Redeem agricultural lands;
• to Buy agricultural lands; and
• other purposes pertaining to agriculture.

It is provided to tillers, farmers, farm owners and other individuals or entities engaged in agriculture as a source of livelihood to further improve the agricultural sector of the country.

QUALIFICATIONS

• Applicants must be at least 20 years old at the time of application but not more than 70 years old and in good health.
• Must be permanent residents of their respective barangay.
• With stable source/s of income.

REQUIREMENTS

• Original Copy of Title
• Original Tax Declaration
• Original Tax Receipt
• Original Tax Clearance
• Sketch Plan/Lot Plan/Subdivision Plan
• Special Power of Attorney – up to 2nd degree of consanguinity (Spouse, Parents, Grandparents Children, Grandchildren, Siblings)
• Affidavit of non-tenancy – for Agricultural land
• Affidavit of undertaking and non-lease – for Agricultural land
• Valid IDs and 2×2 Picture (Spouses and Co-maker/SPA)
• Tax Identification Number/SSS ID/GSIS ID/UMID (mandatory for CIC purposes)
• Notarized Leasehold Agreement/Contract
• Proof of income (ITR, Inhouse FS, SALN, COE with net take home pay, etc.)
• Other related documents that the bank may require

Product Definition

A facility which aims to attract small dairy and meat growers including poultry raisers and fishers who constitute a bulk of livestock in the community to have an access to formal credit as intermediary for financing their economic activities for sustainable operations such as the following:

• purchase of feeds and feeding utensils
• purchase of young animals for commercial disposal
• construction of permanent sheds and installation of water source
• acquisition of refrigerated storages,
• acquisition of distribution vehicles
• Livestock vaccinations, vitamins and other medications
• Payment of overhead expenses

QUALIFICATIONS

• Applicants must be at least 20 years old at the time of application but not more than 70 years old and in good health.
• Must be permanent residents of their respective barangay.
• With stable source/s of income.

REQUIREMENTS

• Original Copy of Title
• Original Tax Declaration
• Original Tax Receipt
• Original Tax Clearance
• Sketch Plan/Lot Plan/Subdivision Plan
• Special Power of Attorney – up to 2nd degree of consanguinity (Spouse, Parents, Grandparents Children, Grandchildren, Siblings)
• Affidavit of non-tenancy – for Agricultural land
• Affidavit of undertaking and non-lease – for Agricultural land
• Valid IDs and 2×2 Picture (Spouses and Co-maker/SPA)
• Tax Identification Number/SSS ID/GSIS ID/UMID (mandatory for CIC purposes)
• Notarized Leasehold Agreement/Contract
• Proof of income (ITR, Inhouse FS, SALN, COE with net take home pay, etc.)
• Other related documents that the bank may require

It is a loan granted to an individual to address the machineries and equipment needed by the businessman by offering them a financial assistance intended for the following purposes:

• Acquisition of trucks (dump truck, tractor head, trailer bed, ten-wheeler truck & etc.
• Acquisition of heavy equipment (loader, backhoe, cement mixer, bulldozer and etc.

QUALIFICATION

• Applicants must be at least 20 years old at the time of application but not more than 70 years old and in good health.
• Must be permanent residents of their respective barangay.
• With stable source/s of income.

REQUIREMENTS

• Valid IDs and 2×2 Picture (Spouses and Co-maker/SPA)
• Tax Identification Number/SSS ID/GSIS ID/UMID (mandatory for CIC purposes)
• Proof of income (ITR, Inhouse & Audited FS, SALN, COE with net take home pay, Notarized Leasehold Agreement/Contract & etc.)
• Price quotation coming from the supplier
• CR/OR of the vehicle to be financed
• Business Permit/DTI Permit
• Proof of Sales
• Proof of Purchases
• Deed of Sale/Official Receipt (after release)
• Proof of equity (Official Receipt)

Is a debt-based funding arrangement usually in the form of a short or long-term loan that is used to finance the following:

•  Commercial Building Construction or Improvement
•  Warehouse, storage of supplies and inventory
•  Construction/Renovation/Improvement of Commercial Building secured by a separate real estate collateral. (Addendum – By Virtue of Board Resolution No. RBM20200213-05b passed on February 13, 2020

QUALIFICATION

• Applicants must be at least 20 years old at the time of application but not more than 70 years old and in good health.
• Must be permanent residents of their respective barangay.
• With stable source/s of income.

REQUIREMENTS

• Original Copy of Title
• Original Tax Declaration
• Original Tax Receipt
• Original Tax Clearance
• Sketch Plan/Lot Plan/Subdivision Plan
• Special Power of Attorney – up to 2nd degree of consanguinity (Spouse, Parents, Grandparents Children, Grandchildren, Siblings)
• Valid IDs and 2×2 Picture (Spouses and Co-maker/SPA)
• Tax Identification Number/SSS ID/GSIS ID/UMID (mandatory for CIC purposes)
• Notarized Leasehold Agreement/Contract
• Proof of income (ITR, In-House FS, SALN, COE with net take home pay, etc.)
• Other related documents that the bank may require

Additional requirements for agricultural land offered as collateral:

• Affidavit of non-tenancy – for Agricultural land
• Affidavit of undertaking and non-lease – for Agricultural land

This type of loan product is an unsecured loan which can be availed by an individual is doing business within the provinces of Isabela and Ifugao. Further, the prospective borrower must satisfy the criteria and requirements of the Bank.

QUALIFICATION

• Business is continuously in operation for at least 2 years Must be a depositor of RBSMI for at least 6 months with or
  without checking account.
• Borrower should own the business either small or large profitable business.
• For borrower availing of clean line facility, he must have a secured loan with RBSMI and with good credit standing with the Bank.

REQUIREMENTS

• Business permit/Mayor’s Permit
• DTI business approval
• Co-maker/Co-borrower
• 2 Proof of Billing with exact address
• ITR (For loan applications of P3M and up only)
• Valid ID’s (2 if non-government issued, 1 if government issued)
• Post Dated Check

Product Definition

This is an unsecured loan which can be availed by an individual who is practicing his/her profession or who is doing business within the provinces of Isabela and Ifugao. Further, the prospective borrower must satisfy the criteria and requirements set by the Bank.

QUALIFICATIONS

• Self-employed, must be practicing his/her profession.

REQUIREMENTS

• ITR (if any)
• PRC License
• Valid ID’s
• With Postdated checks
• 1 Co-Maker /co-borrower

Product Definition

This type of loan product can either be “SECURED or UNSECURED Loan” which can be availed by any individual intended for the following purposes:

• Personal Consumption
• Household expenditures such as:
  • Medical, Health care & wellness;
  • Acquisition of service vehicle;
  • Education;
  • Vacation & travel;
  • Special events;
  • Household expenditures (such as purchaseof furniture, appliances, etc.); and
• Other related purposes

QUALIFICATIONS

• Applicants must be at least 20 years old at the time of application but not more than 70 years old and in good health.
• Must be permanent residents of their respective barangay.
• With stable source/s of income.

REQUIREMENTS

• Original Copy of Title
• Original Tax Declaration
• Original Tax Receipt
• Original Tax Clearance
• Sketch Plan/Lot Plan/Subdivision Plan
• Special Power of Attorney – up to 2nd degree of consanguinity (Spouse, Parents, Grandparents Children, Grandchildren, Siblings)
• Affidavit of non-tenancy – for Agricultural land
• Affidavit of undertaking and non-lease – for Agricultural land
• Valid IDs and 2×2 Picture (Spouses and Co-maker/SPA)
• Tax Identification Number/SSS ID/GSIS ID/UMID (mandatory for CIC purposes)
• Notarized Leasehold Agreement/Contract
• Proof of income (ITR, Inhouse FS, SALN, COE with net take home pay, etc.)
• Other related documents that the bank may require

It is a loan granted to an Individual/juridical person for the Acquisition of Brand New Farm Machinery:

Kinds of farm machinery :

• TRACTOR : John Deere, Massey Fergusson, Japan and other European Brands
• TRANSPLANTER – Japan , US or European Brand
• REAPER/HARVESTER – Japan , US or European Brand

QUALIFICATIONS

Qualifications: FOR Brand New Farm Machinery FINANCING
To be eligible for financing, the Borrower must pass the following
criteria:

1. Cash Flow is good with stable source/s of income. Must be able to cover the proposed amortization excluding future income from said farm Machinery.
2. Must pass the 5 C’s of credit.
3. Must have at least 2 hectares of Riceland owned or residential, commercial lot owned with sufficient value to cover up the loan.
4. Must have a good credit history with our bank and other CFI.
5. Operation of Farm Machinery Business must be within region 2 only
6. Applicants must be at least 20 years old at the time of application but not more than 70 years old and in good health.
7. Must be permanent residents of their respective barangay for more than 3 years.
8. If the applicant is a new Borrower, must have a supporting collateral
   Other than the machinery.
9. For qualified borrower:

• • Tractor Financing the term is 3 years, supported by Post Dated Check.
  • Reaper Financing is with collateral supported with notarized Real Estate Mortgage (REM).
  • But if with sufficient collateral term is 3 to 5yrs.

Qualifications: FOR TRACTOR FINANCING
BRANDS: JOHN DEERE OR MASSEY FURGUSON)

1. If the brand of the Tractor to be financed is JOHN DEERE OR MASSEY FURGUSON, no need for a supporting collateral.
2. The machinery must be used within Isabela only.
3. Terms is 3 years to pay with PDC. If with collateral up to 5 years
4. The borrower must have a sufficient cash flow.
5. The borrower must own at least 2 hectares of riceland or residential lot or commercial lot sufficient enough to cover said loan or a combination of both.
6. Scheme is 80% financed by Bank 20% down payment by the Borrower.

REQUIREMENTS

• Original Copy of Title
• Original Tax Declaration
• Original Tax Receipt
• Original Tax Clearance
• Sketch Plan/Lot Plan/Subdivision Plan
• Special Power of Attorney – up to 2nd degree of consanguinity (Spouse, Parents, Grandparents Children, Grandchildren, Siblings)
• Affidavit of non-tenancy – for Agricultural land
• Affidavit of undertaking and non-lease – for Agricultural land
• Valid IDs and 2×2 Picture (Spouses and Co-maker/SPA)
• Tax Identification Number/SSS ID/GSIS ID/UMID (mandatory for CIC purposes)
• Notarized Leasehold Agreement/Contract
• Proof of income (ITR, Inhouse FS, SALN, COE with net take home pay, etc.)
• Other related documents that the bank may require

Product Definition

Is a debt-based funding arrangement usually in the form of a short or long-term loan that is used to finance the following:

• Purchase of Commercial Lot
• Purchase of Residential Lot
• Purchase of Agricultural Lot
• Purchase of Condominium Unit

(Addendum – By Virtue of Board Resolution No.RBM20200213-05a passed on February 13, 2020)
Purchase of Commercial/Residential/Agricultural lot secured by a separate real estate collateral.

QUALIFICATIONS

• Applicants must be at least 20 years old at the time of application but not more than 70 years old and in good health.
• Must be permanent residents of their respective barangay.
• With stable source/s of income.

REQUIREMENTS

• Original Copy of Title
• Original Tax Declaration
• Original Tax Receipt
• Original Tax Clearance
• Sketch Plan/Lot Plan/Subdivision Plan
• Special Power of Attorney – up to 2nd degree of consanguinity (Spouse, Parents, Grandparents Children, Grandchildren, Siblings)
• Affidavit of non-tenancy – for Agricultural land
• Affidavit of undertaking and non-lease – for Agricultural land
• Valid IDs and 2×2 Picture (Spouses and Co-maker/SPA)
• Tax Identification Number/SSS ID/GSIS ID/UMID (mandatory for CIC purposes)
• Notarized Leasehold Agreement/Contract
• Proof of income (ITR, Inhouse FS, SALN, COE with net take home pay, etc.)
• Other related documents that the bank may require

Product Definition

Housing loan is a type of financing offered by RBSMI to a borrower for real estate purposes such as purchase, renovation, construction, and refinancing. Housing loans are granted to homeowners and individuals who want to have their own homes but do not have enough savings or liquid funds to make immediate purchases or other improvements.

“Home ownership made easier”

• Term Loan Facility secured by real estate and is available for the ff.:
  • Purchase of House and Lot / Townhouse Unit
  • Purchase of Condominium Unit
  • Purchase of Vacant Lot/
  • House Construction
  • House Renovation / Home Improvement
  • Reimbursement of Acquisition
  • Refinancing / Loan Take-out
  • Refinancing of existing housing accommodation

REQUIREMENTS

• Loan Application with picture
• Photocopy of the latest 2-year Income tax Return and/or latest 3-year Audited Financial Statements if with owned business.
• Certificate of employment and salary
• Photocopy of TCT/CCT
• Photocopy of lot plan/vicinity/location map
• Photocopy of TIN/Community tax
• Building Plan/Bill of Materials
• Photocopy of latest Tax Declaration
• Construction Contract

Product Definition

Loan granted to an individual for the acquisition of motorcycle for personal use.

Qualifications:

• Applicants must be at least 20 years old at the time of application but not more than 70 years old and in good health.
• Must be permanent residents of their respective barangay.
• With stable source/s of income.

Target Market:

• Government employee or private employee including RBSMI employees with permanent status or
• Businessmen or self-employed or

Requirements

• • Valid IDs and 2×2 Picture (Spouses and Co-maker/SPA)
  • Tax Identification Number/SSS ID/GSIS ID/UMID (mandatory for CIC purposes)
  • Proof of income (ITR, In-house & Audited FS, SALN, COE with net take home pay, Notarized Leasehold Agreement/Contract & etc.)
  • Price quotation coming from the supplier
  • CR/OR of the vehicle to be financed
  • Business Permit/DTI Permit
  • Proof of Sales
  • Proof of Purchases
  • Deed of Sale/Official Receipt (after release)
  • Proof of equity (Official Receipt)
  • With Driver’s License – Professional or Non-professional Level (must have a restriction 1 license) in case where the borrower is the one who will use the motorcycle.