Agri-Machinery Loan (AML)

Provides credit facility to farmers in the countryside for the acquisition of modern farm machinery and technologies.

Amount of Loan 80% of the cost of the equipments will be financed by the Bank
Frequency of Payment Monthly/Quarter/ Semi-Annual/Yearly
Mode of Payment Cash/Auto debit/Check
Security Chattel Mortgage
Term

Minimum of six (6) months

Maximum of thirty-six (36) months or three (3) years

Basic Requirements

  • Valid ID of Borrower
  • Four (4) recent 2×2 colored Pictures
  • Post Dated Check
  • Barangay Clearance (if there’s no Government Issued ID)
  • Proof of Income

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