Other Loans


  • Purpose: This represents loans granted for purpose other than agricultural, commercial and industrial such as Placement Fee, Educational Purposes/Expenses, Medical Expenses etc.


  • Security: Chattel and/or Real Estate properties together with its improvements, if any


  • Collateral Valuation:
  1. 70% of the appraised value of the titled property offered as collateral
  2. 50% of the appraised value for untitled real estate properties
  3. 40% of the appraised value of Chattel properties.


  • Terms and Repayments:
  1. Lump Sum for short term loans
  2. Monthly amortization based on equal monthly payments for medium or long term loans


  • Loan Requirements:
  1. Motor vehicle as Security
    1. Certificate of Registration
    2. Official Receipt of registration (current)
    3. Comprehensive Insurance and/or TPL Insurance endorsed to the bank 4. Pictures of the motor vehicle (rear, front, side)
    4. Franchise to operate if motor vehicle is for hire.
    5. Income Tax Return (Latest), if any.
    6. Residence Certificates or any valid ID of borrower, co-borrower and co-makers (current year)
    7. 2 x 2 ID Pictures of Borrower, Co-borrower and Co-maker
  2. Real Estate as Security
    1. Owner’s Duplicate Copy of Title/Tax Declaration of the property to be financed
    2. Real Estate Tax Receipt/Clearance for the current year
    3. Latest Copy of Tax Declaration (PRF & RPFAAS) of the property duly signed by Provincial/Municipal Assessor
    4. Fire Insurance and Earthquake Insurance Coverage on improvements, if any in favor of Rural Bank of Rosario (L.U.), Inc. with loan loss clause in favor of the bank upon approval of loan
    5. Deed of Acquisition (Deed of Sale/Donation/Extra-judicial Settlement).
    6. Blue Print(Sketch Plan) or Xerox Copy of the Cadastral Map issued by the DENR-LMS or the Municipal Assessor which shows vicinity location of the lot.
    7. Residence Certificates or any valid ID of borrower, co-borrower and co-makers
    8. 2” x 2” ID pictures (borrower/co-borrowers)
    9. Latest Financial Statement / Annual Income Tax Return, if any.



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