Our Services
List of products and services
Loans
Sakto Loans
Sakto Loans are classified as Short-Term with a variety of terms such as 2 months, 4 months and 5 months and are payable in lump sum on due date. These types of loan can be used for a variety of purposes that include Farming, Hog Raising and Poultry.
Pangarap Loans
These types of loan are offered to those who need funds for Business, House Construction, House Improvement and Purchase/ Lease of Lot, Purchase of Vehicle and can be availed for a term of 3 years to 5 years. Mode of payment for these types of loan is through installment depending on the Source of Income of the Borrower. However, should the client wish to settle the loan prior to the end of the Original Term in the Disclosure, an additional Pre-Termination fee of 3% to 5% shall be charged to the client.
Tayo’y Mag-Alaga Loan
These types of loans are offered to those who need funds for either Poultry, Livestock or Cattle. It offers 6 months to 9 months term and payable in lump sum on the due date. Another feature for these types of loan is that it can be renewed on its due date by paying the interest of the loan provided this is a continuous activity and the Capacity to Pay of the Borrower is re-established.
Tayo’y Mag-Ani Loan
This product offers credit support to agriculture and agricultural-related projects specifically Farming of Palay/Vegetable and Purchase of Fertilizer. These also offer 3 to 6 months term and payable in lump sum on due date and may be renewable provided this is a continuous activity and the Capacity to Pay of the Borrower has been re-established.
Tayo’y Mag-Abroad Loan
Tayo’y Mag-Abroad Loan is solely for the purpose of Placement Fee with a term of 12 months or 24 months (subject to confirmation of length of contract). This is payable in Installment depending on the Source of Income of the Borrower.
Tayo’y Mag-Negosyo Loan
Tayo’y Mag-Negosyo Loan offers financial assistance for business-related purposes whether capital and start-up expenses for business or payment for expansion of the business. With a variety of terms that can be availed which include 12 months, 18 months or 24 months (subject to verification of Capacity to Pay), these types of loan shall be payable monthly (if with existing business) and can be granted three months grace period for startup business.
Tayo’y Mag-Bahay at Lupa Loan
The primary purpose of these type of loan is to facilitate Purchase of House/Lot, finance House Construction and Purchase of Construction Materials or Improvement of Lot. Term of these loans is 12 months or 24 months. Mode of Payment depends on the source of income of the client that can either be payable semi-annual (if source of income of the client is agriculture in nature) or monthly amortization (if source of income of the client is monthly in nature like Salary, Remittance or Pension, etc).
At Iba Pa Loan
Other Purposes that are not specified from all other loan types fall under these types of loan. Other purposes of Loan can be for Consumption, Hospitalization, Purchase of Medicine, Educational Purpose, Travel/ Vacation and Purchase or Repair of Vehicle. The term of these loans is 3 months, 6 months, 9 months and 1 year that is payable lump sum or installment depending on the Source of Income of the Borrower.
Go Solar & Sustainable Loans
Go Solar & Sustainable Loans is offered in response to the Sustainable Finance Program and covers green finance which is designed to facilitate the flow of funds towards green economic activities and climate change mitigation and adaptation projects by offering loans for the Purchase of Solar Panels, Organic Farming, Agri Tourism, and Recycling Business.
Deposits
Regular Savings Deposit
An Initial Deposit of P100.00 shall be required from the depositor and shall be the minimum maintaining balance. Deposits shall earn interest at such rate determined by the Bank with a minimum of P500.00 and shall be subject to 20% withholding tax computed based on actual daily cleared balance compounded quarterly. All deposits are insured up to P500,000.00 per depositor as per PDIC Rules and Regulation.
Basic Deposit Account
An initial deposit of P100 or less shall be required from the depositor with no maintaining balance. An average daily balance of P500 shall earn an interest at such rate determined by the Bank. No dormancy charges and deposit balance must not exceed P50,000.00.
Golden Savings Deposit
An Initial Deposit of P15,000.00 shall be required from the depositor and shall be the minimum maintaining balance. These type of deposit has a variety of term from which the client can choose. Minimum term is 90 days up to 360 days but not more than 5 years. Interest of which will be computed based on the number of days used times the stipulated rate and subject to 20% withholding tax. Withdrawal before half of the term stipulated in the GSD Passbook shall get an interest rate which is ¼ or 25% of the rate stipulated and those who withdraw after the ½ period but before the maturity date shall get half or 50% of the interest stipulated. All deposits are insured up to P500,000.00 per depositor as per PDIC Rules and Regulation.
Golden Savings Deposit
An Initial Deposit of P15,000.00 shall be required from the depositor and shall be the minimum maintaining balance. These types of deposit have a variety of term from which the client can choose. Minimum term is 90 days up to 360 days but not more than 5 years. Interest of which will be computed based on the number of days used times the stipulated rate and subject to 20% withholding tax. Withdrawal before half of the term stipulated in the GSD Passbook shall get an interest rate which is ¼ or 25% of the rate stipulated and those who withdraw after the ½ period but before the maturity date shall get half or 50% of the interest stipulated. All deposits are insured up to P500,000.00 per depositor as per PDIC Rules and Regulation.
GSD with 5 years and 1-day Term
Bank offers a GSD with 5 years and 1-day account with an initial deposit of P300,000.00 but not more than 3 Million (subject for approval). This type of account requires the depositor to open an Auto-Transfer Savings account wherein the interest earned from the GSD Account shall be deposited every 30 days. Interest shall be exempted from income tax. In case of pre-termination of the account, the interest shall be subject to the graduated rates of Final Withholding Tax and shall be deducted and withheld by the bank from the proceeds of the long-term deposit based on the remaining maturity thereof.
Checking Account
Initial Deposit for Current Account shall be P10,000.00 and this shall also be the minimum maintaining balance of the account. In case of Return Check, a Depositor shall pay a Service Charge of P2,050.00 per check plus P205 for every forty thousand (P40,000.00) and a fraction thereof. Deposits shall earn interest at such rate determined by the Bank with a minimum of P500.00 and shall be subjected to 20% withholding tax computed based on actual daily cleared balance compounded quarterly. All deposits are insured up to P500,000.00 per depositor as per PDIC Rules and Regulation.
Subasta Sales
The Bank offers Real Estate Properties for Sale. It can be paid lump sum or installment for a minimum of two years and a maximum of ten years depending on the Selling Price and the Capacity to Pay of the Buyer. Sale of Subasta is conducted through Public Bidding which is done every 3rd Wednesday of the month. Registry of Bidders are being approved by the Board two weeks prior to the scheduled bidding date and the highest bidder shall be the one to acquire such property.
Other Services
BDO POS
This service offers a convenient and safe withdrawal using ATM Card or Debit Card in partnership with Banco de Oro (BDO). The Teller will swipe their card and then the Client will enter their PIN (Personal Identification Number) in order to withdraw over-the-counter. Convenience Fee is P25.00 in every P5,000.00 withdrawal.
EC PAY
This service offers a wide range of innovative payment acceptance services from various billers like water and power utility services, Telecommunications, Internet and Insurance Providers, etc. Borrowers of the Bank shall also have the convenience of paying their loan at any EC Pay partners nationwide at a minimal service fee.
ENCASH POS
This service is like BDO POS which also offers a convenient and safe withdrawal using ATM Card or Debit Card in partnership with EnCash. The Teller will swipe their card and then the Client will enter their PIN (Personal Identification Number) in order to withdraw over-the-counter. A charge amounting to P30 for every P10,000 withdrawal is being debited in the ATM Balance.
ENCash ATM
This service allows clients to withdraw funds from their ATM Accounts.
