This refers to the amortized cost of production and other types of loans granted to beneficiaries of agrarian reform, namely: tillers, tenant-farmers, settlers, agricultural lessees, amortizing owners, owner-cultivators, farmers, cooperatives and compact farms.
As provided by PD 717 for the following purposes:
1. Acquisition of work animals, farm equipment and machinery, seeds, fertilizers, poultry, livestock, feeds and other similar items.
2. Acquisition of land authorized under the Agrarian Reform Code of the Philippines and its amendments.
3. Construction and/or acquisition of facilities for production, and processing, storage and marketing; and
4. Efficient and effective merchandising of agricultural commodities stored and/or processed by the facilities aforecited in domestic and foreign commerce.
Loanable Amount : Amount:Based on capacity to pay and Loanable Value of collateral
Term : 90, 180, 270, 365 days(lumpsum) 1-5 years (amortization) subject to Management approval for longer term
Interest rate : as low as 9%
Collateral : Real Estate
As provided by PD 717 for the following purposes:
1. Acquisition of work animals, farm equipment and machinery, seeds, fertilizers, poultry, livestock, feeds and other similar items.
2. Acquisition of land authorized under the Agrarian Reform Code of the Philippines and its amendments.
3. Construction and/or acquisition of facilities for production, and processing, storage and marketing; and
4. Efficient and effective merchandising of agricultural commodities stored and/or processed by the facilities aforecited in domestic and foreign commerce.
Loanable Amount
Amount:Based on capacity to pay and Loanable Value of collateral
Term
90, 180, 270, 365 days(lumpsum) 1-5 years (amortization) subject to Management approval for longer term
Interest rate
as low as 9%
Collateral
Real Estate
Qualifications
• At least 21 years old but not exceeding 70 years old at the end of the loan term
• Minimum gross family income of ₱50,000/month or its equivalent in foreign currency
• With stable source of income from employment or business
• Locally Employed: at least 2 years with current company
• Self-Employed: at least 2 consecutive profitable years of operation
•Employed Abroad: 2-3 years consecutive employment. Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application