Loans

Microfinance Loans

These are loans to groups micro-entrepreneurs using the Grameen Bank microfinance methodology of group lending. Low-income market vendors and other micro-entrepreneurs group themselves to form a center in order to avail of micro-loans. This program is in partnership with the People’s Credit & Finance Corporation.

For:
Micro-entrepreneurs who need cash flow to finance their livelihood.

Eligibility:

  1. Micro-entrepreneur (male or female) between 18-60 years old
  2. Has a micro business for at least 6 months
  3. With permanent residence for at least 1 year
  4. Husband must be employed
  5. Minimum monthly income of P5,000

Benefits:

  • Affordable interest
  • Quick approval process
  • Convenient group collection

Rate:
2.16% per month

Fees:
Service charge
Notarial fee
Credit life insurance
Group/Center fund
Savings deposit

Minimum Loan:
P5,000

Maximum Loan:
P25,000

Minimum Term:
6 months

DepEd Teachers Loans

These are personal loans extended to public school teachers, under the FCB-DepEd Teachers Loan Program, which is a nationwide program that ensures practically 100% collection through automatic salary deduction. We service thousands of teachers nationwide. This is in partnership with the Department of Education.

For:
DepEd public elementary and high school teachers who need cash for livelihood or personal requirements.

Eligibility:

 

  1. Teaching and non-teaching staff of public elementary and high schools under the DepEd automatic payroll system
  2. Should be between 23 to 55 years old
  3. Net take home pay of not less than P3,500 with terminating loans within 3 months from date of application

Benefits:

  • Affordable interest
  • Quick approval process
  • Convenient collection via automatic salary deduction

Rate:
1.5% per month

Fees:
Service charge
Notarial fee
Documentary stamps tax
Credit life insurance
Savings deposit

Minimum Loan:
P6,500

Maximum Loan:
P50,000

Minimum Term:
6 months

Seaman Loans

These are multi-purpose loans offered to seafarers at an affordable rate and with easy requirements.

For:
Filipino seafarers who need short-term loans for personal needs or livelihood purposes.

Eligibility:

  1. Crew for cargo, LPG/Chemical tanker, bulk carrier, supply vessel, container, and reefer vessels as well as crew and service crew of luxury cruise ships and other vessels for international routes under the allotment payroll program and special remittances
  2. Must be between 22 to 60 years old
  3. Must have a signed contract with a manning agency
  4. Contract should be registered with the POEA
  5. Must be an exclusive crew of a manning agency

Benefits:

  • Affordable interest
  • Quick approval process
  • Convenient payment via post-dated checks

Rate:
2.5% per month

Fees:
Service charge
Notarial fee
Documentary stamp tax
Credit life insurance
Savings deposit

Minimum Loan:
P30,000

Maximum Loan:
P100,000

Minimum Term:
3 months

Pensioners Loans

This is a livelihood loan program in partnership with the Land Bank of the Philippines through its PVAO (Philippine Veterans Affairs Office) Pension Credit Program. It is open to veterans of the Armed Forces of the Philippines, particularly qualified PVAO members. The loan is repaid through the assignment of their monthly pension and the automatic pension deduction through First Country Bank, an arrangement that guarantees 100% collection.

For:
PVAO pensioners who need cash for livelihood projects.

Eligibility:

  1. PVAO pensioner or a beneficiary of a PVAO pensioner
  2. Monthly pension of not less than P5,000

Benefits:

  • Affordable interest
  • Quick approval process
  • Convenient collection via automatic pension deduction

Rate:
1.67% per month

Fees:
Service charge
Notarial fee
Documentary stamps tax
Credit life insurance

Minimum Loan:
P10,000

Maximum Loan:
P100,000

Minimum Term:
6 months

Corporate Salary Loans

These are multi-purpose loans to full-time employees of private and public companies through an automatic salary deduction arrangement.

For:
Full time employees who need extra cash for personal needs or livelihood purposes.

Company’s Accreditation Criteria:

  1. Duly SEC-registered corporation
  2. Operating for at least 3 years
  3. With at least 20 regular full-time employees

Eligibility:

  1. Regular employees of private and public corporations
  2. At least 2 years as a permanent employee
  3. Should be between 21 to 55 years old
  4. Gross monthly salary of at least P10,000
  5. Monthly amortization not more than 30% of net take home pay
  6. In good standing with the company
  7. No pending application for resignation/retirement

Benefits:

  • Affordable interest
  • Quick approval process
  • Convenient collection via automatic salary deduction

Rate:
1.67% per month

Fees:
Service charge
Notarial fee
Documentary stamps tax
Credit life insurance
Savings deposit

Minimum Loan:
P10,000

Maximum Loan:
Up to 3x gross monthly salary

Minimum Term:
6 months

REM/CHM Loans

These are secured short-term business or multi-purpose loans with real estate property or vehicle as collateral.

For:
Entrepreneurs or professionals who need extra cash for business or personal needs.

Eligibility:

  1. Full-time employees and self-employed individuals
  2. With real estate (residential lots within Metro Manila and CALABARZON) or private vehicle as collateral
  3. Filipino citizens between 21 to 65 years old
  4. With primary residence or place of work in Pasig, Mandaluyong, or San Juan
  5. Minimum household gross monthly income of P50,000

Benefits:

  • Affordable interest
  • Quick approval process
  • Convenient payment via post-dated checks

Rate:
1.67% per month

Fees:
Service charge
Handling fee
Appraisal fee
Notarial fee
Documentary stamp tax
Credit life insurance

Minimum Loan:
P50,000

Maximum Loan:
Up to 50% of appraised value of property

Minimum Term:
6 months