Construction Loan and short term contractors loan
Borrowers fall under this kind of loan are also engaged in business related activities but not qualified under SME loan product of the bank. It also secured by REM, CM or it may be unsecured supported with postdated check (if any) and payable weekly, bi-monthly, monthly or lumpsum.
Products
Construction Loan
Construction Loan shall be limited to the following loan transactions:
- Involving borrower’s of Land Bank approved loan accommodations to fund take out loans from another bank they want to remain confidential to avoid counter offer of the other bank. This loan shall be covered by a Land Bank guarantee.
- Land Bank endorsed short term loans for contractors where loan proceeds shall be deposited to land bank account to support bank certification for bidding purposes only. Said deposit shall not be withdrawn by the borrower and shall be controlled by Land Bank and to be transferred to RBP account with Land Bank on maturity of the loan.
Short term Contractors Loan
- Contractors within the bank territory whose entered into contract agreement with LGU , Provincial Capitol and DPWH to provide work and services in relation with the government project initiated by these units.
- A subcontractor within also in the bank territory who is hired by a main contractor, to perform a specific task as part of the overall project and is normally paid for services provided to the project by the main contractor.
- Contractors with projects entered with private proponents that needs financing.
Contact Us:
Main Office: (054) 875 5618 / (+63) 998 982 1470Daet Branch: (054) 440 0782 / (+63) 998 589 6801Labo Branch: (054) 585 2026 / (+63) 939 927 1760Corporate Office: (054) 875 5617 / (+63) 919 912 6792J.Panganiban Branch Lite: (054) 721 0543 / (+63) 998 589 6779Calauag (Quezon) Branch Lite: (042) 784 0878 / (+63) 998 592 4769Tagkawayan (Quezon) Branch Lite: (042) 784 0880 / (+63) 998 589 6788
For client concerns, feedback or complaints, you may also visit us at:
(RBP) Rural Bank of Paracale BuildingSan Antonio St., Poblacion Norte, Paracale Camarines Norte