OFFICE OF THE PRESIDENT • REPUBLIC OF THE PHILIPPINES
QUICKNEWS
     
  Mount Carmel Rural Bank, Inc.
Contact person:
Gerard Cadiz
President
(0430) 7561417
     

Background

MCRBI was established on January 05, 2009 as a result of the consolidation of two rural banks, the Lipa Public Rural Bank, Inc. and the Rural Bank of Mataas na Kahoy, Inc. The Bank is engaged in all aspects of rural banking, financing, and real estate.

 

Features/Requirements for Housing Loan

MORTGAGE LOANS

Purpose

  • Purchase of house and lot or condominium unit
  • House construction;
  • House/condominium renovation; and
  • Refinancing of an existing mortgage with an institution acceptable to the bank

Borrower’s Eligibility

  • Filipino citizen
  • Of legal age with the capacity to acquire and encumber real estate property. The borrower must not be more than 60 years old upon the maturity of the loan;
  • Gainfully employed for at least three (3) years at the time of loan application; and
  • No derogatory record.

Credit Ratio

             Up to 40% of the Net Disposable Income

Loan Security

             Real Estate Mortgage

Loan to Collateral Ratio

             70% to 90% of the appraised value of the property depending on the housing
             package

Loan Term

             3 to 15 years

Branches

Mataas na Kahoy, Batangas
San Juan, Batangas
San Jose, Batangas
Padre Garcia, Batangas

Malvar, Batangas
Laurel, Batangas
Tanuan City
Lian, Batangas

Sta. Teresita, Batangas   
Batangas City                    
Pansol, Calamba City     
Lucena City

Tagaytay City
Lobo, Batangas

 

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