OFFICE OF THE PRESIDENT • REPUBLIC OF THE PHILIPPINES
QUICKNEWS
     
  The Rural Bank of Mabitac, Inc.Branches:
Eight branches located in the towns of Laguna and Quezon

Contact person:
MS. MARIA CECILIA S. TANAEL
President & Chief Operation Officer
(049) 5013674
     

Background

The Rural Bank of Mabitac (Laguna), Inc. (RBMI) was incorporated in 1973 and started its operations on February 14, 1974.

The bank provides financial services such as deposit taking, micro-insurance, consumer lending and other trade financing. It operates in Mabitac and its neighboring towns such as Siniloan, Sta. Maria, Famy, Pangil and Pakil. It has eight (8) branches located in the towns of Laguna and Quezon to serve its clients.

 

Features/Requirements for Housing Loan

Eligibility of Borrowers

  • Of legal age
  • Single proprietorship, partnership, corporation, association or other forms of organization duly registered with the supervising agencies concerned

Loan Purpose

  • Purchase of a residential property
  • Home improvement

Maximum Loan-to Appraised Value
(LTV) Ratio

             70% of the appraised value

Loan Amount

             P3,000,000.00 and below

Loan Term

             2 to 10 years

Areas of Coverage

  • Cavite, Laguna, Batangas, Rizal and Quezon
  • Case to case basis for loan applications outside its existing area of operations

 

 

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