Loans With Collaterals: 


•Chattel

•Real Estate
•Allotment
•Pension
•Salary – w/ MOA/ATM


Requirements:

1• Chattel Mortgage 

• picture of unit (c/o BDMPC)
• original OR/CR
• stencil of chassis & engine number (4 copies)
• receipt of purchase/deed of sale
• original copy of franchise-if unit is for hire
• CI/BI


2• Real Estate Mortgage

• tax clearance
• sketch map
•original title
•tax declaration (lot & bldg)
•if with building
•latest tax receipt
•picture of building
•(c/o BDMPC)


3. Housing Loan

•Approved Building Plan
•Building Permit
•Bill of Materials and Estimates
•tax declaration (lot & bldg)


Loan Approval:



•Branch Manager

          •All loans amounting up to P35,000.00 +                   P20,000.00

•General Manager

•All loans amounting up to P500,000.00
. All car loan applications

•Credit Committee
  •All loans amounting up to P1,000,000.00 

•Board of Directors

•Loans more than P1,000.000.00 except for brand new car financing

         
              Processing Time


A. General Manager:

•With collateral = 7 days or earlier if complete requirements
•Without collateral = 4 days


B. Credit Committee / BOD = 2-3 weeks

•Loans more than P500.000.00 except for brand new car financing