OFFICE OF THE PRESIDENT • REPUBLIC OF THE PHILIPPINES
QUICKNEWS
     
  Rural Bank of Guinobatan, Inc.
Contact person:
Mr. Jesus Peninoy
09154777930
     

Background

RBGI was established on July 22, 1964 in Guinobatan. It is headed by Engr. Paulo R. Honrado. The bank’s products and services are traditional deposits such as savings deposits, time deposits, special deposits and demand deposits. It also offers various types of loans such as housing, agricultural, commercial, industrial and personal loans. On November 2003, RBGI opened its microfinance department which now caters to 8,000 microfinance clients.

It has three (3) branches operating in the Bicol Region.

 

Guidelines for Housing Loan

Purpose of Loan

  1. Purchase of house and lot, townhouse, condominium unit and any other single family dwelling;
  2. House Construction;
  3. Purchase of Lot and House Construction; and
  4. Renovation / Expansion.

Borrower’s Eligibility

  1. Not more than 64 years old upon loan maturity;
  2. Filipino citizen and resident of the Philippines; and
  3. Must be employed or engaged in business.

Loan Limit

             60% of appraised value of the real estate property to be
             financed and offered as collateral

Security

             1st Real Estate Mortgage on the property to be financed

Term of the loan

             5 to 15 years

Branches

Head Office
Mabini Street, Guinobatan Albay

Ligao Branch
San Jose Street Dunao, Ligao City

Tiwi Branch
Poblacion, Tiwi Albay

Gubat Branch
Manok Street, Gubat Sorsogon

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