BENEFICIARY LOAN (OFW)/ALLOTTEE LOAN (SEAMAN)

BENEFICIARY LOAN (OFW) – opens for renewal only

ALLOTTEE LOAN (SEAMAN)
For assistance, email me at: barcenanorma60@gmail.com

DOCUMENTARY REQUIREMENTS:

• ·         Marriage Contract, if married / Birth Certificate, if single

• ·         Latest proof of Remittance (OFW) /Allotment slip (seaman) for at least 2 months

• ·         Latest POEA Validated Standard Contract of Employment / Certificate of Employment / Job Order/ POEA information sheet of the OFW / Seaman

• ·         Copy of Passport of the OFW /Seaman

• ·         Basic Documentary Requirements

LOANABLE AMOUNT                                 : Php 15,000 – 150,000 INTEREST RATE                                           : 4% add-on per month of the amount financed TERMS OF PAYMENT                                 : 3 to 6 months CHARGES      Processing fee                                        : 4% of the amount financed      Documentary stamp                                : depends on the amount financed      Loan Redemption Insurance                   : depends on the amount financed      Notarial fee                                              : Php 200.00

CORPORATE LOAN GUIDELINES

CORPORATE LOAN GUIDELINES
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Qualification Requirement:

• ·         Gross money sales / Revenue of 500K

• ·         Business is operating for at least three (3) years

Additional Documentary Requirements:

• ·         Business Permit – Mayor’s Permit or Barangay Permit to operate business

• ·         DTI Certificate

• ·         SEC Registration

• ·         Articles of Incorporation

• ·         Board Resolution  to borrow if corporation with Secretary Certificate for authorization to borrow  (to be submitted prior to release of the loan)

• ·         Bank Statement (Latest Savings or Current Account Transactions for 2 to 3 months)

• ·         Basic Documentary Requirements

LOANABLE AMOUNT                                  : Php 50,000.00 – 300,000.00 INTEREST RATE                                            ; 2.5 % add-on per month of the amount financed TERMS OF PAYMENT                                  : 6 – 12 months CHARGES      Processing fee                                         : 5% of the amount financed      Documentary stamps                               : depends on the amount financed      Loan Redemption Insurance                    : depends on the amount financed      Notarial fee                                             : Php 200.00

 

FRANCHISE LOAN GUIDELINES

FRANCHISE LOAN GUIDELINES
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Qualification Requirement:

·         Completely filled-up Application Form with Cost Estimate (Franchisor)

·         Must have a Co-maker /Co-borrower Basic Documentary Requirements

·          

·         Additional requirements apply if the borrower is employed, with business, OFW beneficiary, seaman/allottee, migrant or doctor

Collateral:

·         PDC (Post-dated Check)

LOANABLE AMOUNT                                : Base on the source of income/capacity to pay of the                                                                      borrower INTEREST RATE                                          : 4% add-on per month of the amount financed TERMS OF PAYMENT                                : 6 – 12 months w/ 1 month grace period CHARGES       Processing fee                                      : 5% of the amount financed       Documentary stamps                          : depends on the amount financed       Loan Redemption Insurance              :  depends on the amount financed       Notarial Fee                                           : Php 200.00

PUJ LOAN GUIDELINES

PUJ LOAN
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ADDITIONAL DOCUMENTARY REQUIREMENTS:

·         Original copy of OR/CR upon release, photocopy upon application

·         Stencil of Motor No. and Chassis No. from LTO

·         Inspection fee receipt (from LTO) upon release of loan

·         Original CTC (cedula), TIN number and latest picture of vehicle

·         LTFRB Franchise

·         Latest picture of vehicle upon application

·         Usual requirements apply if the borrower is employed, with business, seamen/allottee, OFW/beneficiary or Doctor

INTEREST RATE (add-on)       2006 - 2009                                                            : 2 % per month       1995 – 2005                                                           : 2.5 % per month COLLATERAL                                                                 : Original OR/CR and issuance of PDC LTFRB Franchise LOANABLE AMOUNT                                                  : 30 K – 200K TERMS                                                                           : 3 – 9 months PROCESSING TIME                                                      : 3 Days (for Metro Manila only)

TRICYCLE LOAN GUIDELINES

TRICYCLE LOAN
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QUALIFICATION REQUIREMENTS:

·         4 stroke and 2 stroke Unit Motorcycle acceptable

ADDITIONAL DOCUMENTARY REQUIREMENTS:

·         Original copy of OR/CR upon release, photocopy upon application

·         Latest picture of tricycle attached upon submission of application

·         Photocopy of LTFRB Franchise or Permit to Operate

·         Clear Stencil of Motor No. and Chassis No. Embedded on LTO MVIR (blue form)

·         Original copy of Cedula and TIN (upon release)

·         Basic Documentary Requirements

INTEREST RATE                                                     With agent                                                   : 3.75% per month (add-on)       Without agent                                        : 3.25% per month (add-on) COLLATERAL                                                     : OR/CR & PDC issuance, chattel mortgage LOANABLE AMOUNT                                      : 1 – 3 years =15K/unit maximum approval                                                                             : 4 yrs. & up = 10K/unit maximum approval *Basis of approval will be based on capacity to pay TERMS                                                               : 3 – 12 months CHARGES      Processing fee                                              : 4%

TRUCK LOAN GUIDELINES

TRUCK LOAN
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QUALIFICATION REQUIREMENTS:

Model 2000 and UP

ADDITIONAL DOCUMENTARY REQUIREMENTS

·         Original copy of OR/CR upon release, photocopy upon application

·         Latest picture of truck attached upon submission of application

·         Stencil of Motor No. and Chassis No. from LTO upon application

·         Original CTC (Cedula) and TIN with proof

·         Usual requirements apply if the borrower is employed, with business, seaman allottee, OFW/beneficiary or doctor

·         Basic Documentary requirements

INTEREST RATE (add-on)      2006 - 2009                                                      : 2% per month      2000 – 2005                                                     : 2.5% per month COLLATERAL                                                         : OR/CR & PDC issuance LOANABLE AMOUNT                                          : 30 K – 250 K TERMS                                                                   : 3 – 9 months CHARGES       Processing fee                                   : Varies depending on Year Model and amount approved       Documentary stamps, Insurance Premium, Chattel Mortgage Fee, CHM       Documentary stamps, Registration Fee, Notarial Fee

BUSINESS LOAN GUIDELINES

BUSINESS LOAN
For assistance, email me at: barcenanorma60@gmail.com

QUALIFICATION:

·         Business is operating for at least two (2) years

DOCUMENTARY REQUIREMENTS:

·         Business Permit – Mayor’s Permit or Barangay Permit

·         DTI Certificate (if applicable)

·         For Partnership or Corporation

o   SEC Registration

o   Articles of Incorporation

o   Board Resolution to Borrow and Secretary Certificate for authorization to borrow (to be submitted prior to release of the loan)

·         Latest Bank Statement for 2 to 3 months (if applicable)

·         Basic Documentary Requirements

LOANABLE AMOUNT                                          : Php 15,000.00 – 300,000.00 INTEREST RATE                                                    : 4 % add-on per month (ADD-ON) TERMS OF PAYMENT                                          : 6 – 9 months CHARGES         Processing fee                                              : 5 % of the amount financed         Documentary stamps                                  : depends on the amount financed         Loan Redemption Insurance                      : depends on the amount financed         Notarial Fee                                                   : Php 200.00

LOAN PRODUCTS & SERVICES

LOAN PRODUCTS & SERVICES

NON – COLLATERAL ·        Business Loan ·        Corporate Loan ·        Franchising Loan ·        Doctor’s Loan ·        Salary Loan ·        OFW Loan ·        Seaman’s Loan ·        Allottee Loan ·        Migrant Loan ·        Appliance Loan ·        Educational Loan

COLLATERAL ·        Car loan ·        Car Take Out ·        Taxi / PUV Loan ·        PUJ Loan ·        Truck Loan ·        Tricycle Loan ·        Motorcycle Loan ·        Motorcycle Financing ·        Second Hand Purchase of Vehicles ·        Real Estate Loan ·        Real Estate Loan-Take Out

LOAN GUIDELINES

LOAN GUIDELINES

(Applicable to all loan products)

Ø  Must be a Filipino Citizen

Ø  21 – 59 years old upon loan maturity

Ø  Must have steady source of income

Ø  Must have landline or cellphone number

DOCUMENTARY REQUIREMENTS

Ø  Completely filled-up application form

Ø  3 pcs. 2x2 pictures

Ø  Photocopy of 2 valid IDs with permanent address and signature (i.e. Passport, Driver’s license, current company ID, Voter’s ID, etc.)

Ø  Latest original Proof of Billing (electric or water )

Ø  Latest proof of residency (i.e. NBI / Police Clearance and etc.; for provincial residents, Barangay clearance)

Ø  Sketch of Residence

CO-BORROWERS REQUIREMENTS

Ø  Spouse or immediate relative with steady source of income (if the spouse is  not qualified as co-borrower, he/she will sign Promissory Note (PN)

Ø  3 pcs. 2x2 pictures

Ø  Photocopy of 2 valid IDs

Ø  Latest proof of billing (electric or water)

Ø  Latest proof of residency (i.e. NBI /Police Clearance and etc; for provincial residents, Barangay clearance

Ø  Latest proof of income

CO-MAKER REQUIREMENTS

Ø  3 pcs. 2 x 2 pictures

Ø  Photocopy of 2 valid IDs

Ø  Latest proof of billing (electric of water)

Ø  Latest proof of residency (i.e. NBI / Police Clearance and etc.; for provincial residents, Barangay Clearance)

Ø  Latest proof of income

SECURITY OF PAYMENT

Ø   

Ø  ISSUANCE OF POST DATED CHECKS FOR MONTHLY OR SEMI-MONTHLY AMORTIZATION

OTHER LOAN CHARGES

Ø  INSURANCE

Ø  DOCUMENTARY

Ø  NOTARIAL FEE

Ø  PROCESSING FEE

SALARY LOAN GUIDELINES

SALARY LOAN

Qualification Requirements:

·         College Graduate

·         Regular employee and 6 months regular status

·         Minimum Gross Salary

o   Single        - Php 10,000.00 (Metro Manila) / Php 7,000.00 (Province)

o   Married    - (Combined income with Spouse)

                    Php 15,000.00 (Metro Manila)

Documentary Requirements:

·         Photocopy of latest one (1) month pay slip

·         Original Certificate of Employment (COE)

·         Company ID

·         Basic Documentary Requirements

LOANABLE AMOUNT                                      : Php 10,000 – 150,000 INTEREST RATE         2.75 % / month                                    :  12 months term                Processing fee                               :  4.0 %   Comm. New Account                      :  4.0 %   Comm. renewal                              :  3.0 %                   3.5 % / month                                            :  3 – 6 month term (Manila area)                 Processing fee                                      :  4.0 %                 Comm. New Account                          :  3.0 %                 Comm. Renewal                                   :  2.0 %          4.0% / month                                               :  3 – 6 month term (Province)                  Processing fee                                       :  5.0 %                  Comm. New Account                           :  3.0 %                  Comm. Renewal                                    :  2.0 %  CHARGES                  Documentary stamp                             :  depend on loan amount                                 Insurance Premium                               :  depend on loan amount

SEAMAN'S LOAN

SEAMAN’S LOAN GUIDELINES (1 day release)

APPLICATION REQUIREMENTS	·         21 – 59 years old upon loan maturity ·         Filipino ·         Must have a landline telephone/ cellphone ·         Experienced seaman or first timers ·         Any rank or position ·         Married / Single
BASIC DOCUMENTARY REQUIREMENTS	1.       Completely filled up application form 2.       3 pcs. 2x2 picture 3.       Photocopy of 2 Valid IDs 4.       Proof of Billing (electric / water Bill)
MAJOR REQUIREMENTS	5.       Copy of passport 6.       Copy of Seaman’s Book, Seafarer Registration certificate 7.       Copy of latest Contract of Deployment 8.       Copy of allotment, if required
CO-BORROWER	Spouse, if married; immediate family member if single, or children 18 years old above

LOANABLE AMOUNT                      : Php 15,000.00 – 300,000.00

TERMS                                                  : 3 to 9 months (depends on the contract of seaman)

CHARGES                                            

                Documentary Stamps                    : depends on the amount financed

                Loan Redemption Insurance       : depends on the amount financed

                Notarial fee                                        : Php 200.00                  

	OPTION 1	OPTION 2
INTEREST RATE	5% add-on per month Of the amount financed	3% add-on per month Of the amount financed
PROCESSING FEE	5.5% of the amount financed	8%of the amount financed