Types of Loans
TERM LOANS
PurposeTo fund Capital Expenditure (CAPEX) and permanent working capital.
AmountUp to Bank's Single Borrowers Limit (SBL)
Interest RateBased on approved ALCO rate.
TermMax of 10 years (Non-Coop) and 12 yrs. for Cooperatives
DrawdownLumpsum, batches, based on progress billing.
PaymentsEqual monthly amortization, Monthly Interest only and principal payment on Quarterly basis, Semi-annual, or Annually. (Grace period on principal payment is maximum of 11months only)
REVOLVING CREDIT LINE
PurposeTo working capital requirements, receivable gapping.
AmountUp to Bank’s Single Borrowers Limit (SBL)
Interest RateBased on approved ALCO rate.
DrawdownMaximum term per PN is 180 days. Maturity is coterminous to expiry of line.
Line Expiry1 year from date of approval.
PaymentsMonthly payment of interest and Principal upon maturity, Quarterly, P+I.
OMINIBUS LINE
This is a multi-purpose credit facility, which borrower can avail depending on the credit requirements, provided that the sum of the outstanding balance of each product in the omnibus line does not exceed the approved omnibus credit limit.
This provides flexibility to the credit being provided.
- e.g. Omnibus line is P100.0M
- Sublimits: Term Loan = 40.0M, RCL = 100.0M, Sustainable Finance= 10M
- The Borrower availed the TL = 40.0M and SF=10M, so the available RCL for availment will only be 50.0M, however, if the TL and SF is fully paid, the Borrower can avail a total aggregate RCL of 100.0M.
BACK-TO-BACK LOAN/ LOANS AGAINST DEPOSIT
PurposeCan be business or consumer purpose.
AmountUp to 95% of the savings deposit balance with One CB.
Interest Rate
- +2.5% spread over deposit rate for loans below 25.0M
- +2.0% spread over deposit rate for 25.0M to 50.0M
- +1.5% spread over deposit rate for 50.0M to 100.0M
- +1.0% spread over deposit rate for above 100.0M
The terms can be of the TERM LOAN or REVOLVING CREDIT LINE.
PUV MODERNIZATION LOAN FACILITY
PurposePurchase of Modernized Jeepney
Amount
- Cost of the Unit to be purchased, Net of subsidy.
- If there is no Gov't subsidy, 95% of the purchase price. 5% will be the equity of the Coop.
Interest RateBased on approved ALCO RATE
Term8.5 years, inclusive of 6 mos. grace period on principal payment.
SUSTAINABLE FINANCE
Purpose
- GREEN LOAN (i.e. Green home loan and/or improvement, Green commercial property loan, Renewable energy, Electric car loan, other green business and consumer loan).
- SOCIAL PROJECT (i.e.Social Health Care loan, and Social MSME loan)
AmountUp to Bank’s SBL.
Interest RateApproval ALCO rate
The terms can be of the TERM LOAN or REVOLVING CREDIT LINE.
PURCHASE OF RECEIVABLES
Purpose
- To liquify the receivables from their borrower client/customers. The immediate conversion of the receivables into cash supports the business operation.
- To offer lower risk facility to the Cooperatives that allows the Bank to immediately hold-on and lock-in the cash flow of the cooperatives for repayment.
Amount
- Up to the maximum loanable amount versus REM.
- If with recourse: the amount to be purchase should not exceed 50% of the Bank's SBL.
Interest RateBased on approved ALCO RATE.
TermRemaining Term should be from 6 month to 10 years.
Interest &
payment termsAs stated in the receivables purchased.
MSE BUSINESS LOAN
PurposeMSME business expansion, working capital
AmountLess than 5.0M
Interest RateBased on approved ALCO rate.
Terms is the same with the Term Loan and Revolving Credit Line.
AGRI FISHERY LOAN
AmountUp to Bank’s Single Borrowers Limit (SBL). Can be a Term Loan or RCL.
Interest RateBased on approved ALCO rate.
TermMax of 10 years (Non-Coop) and 12 yrs. for Cooperatives
ACPC Flexible term, based on cashflow and season.
ACPC
One CB is a conduit bank of the Department of Agriculture- Agricultural Credit Policy Council (ACPC). Its primary goal is to promote effective and sustainable delivery of financial services to the agricultural sector.
SALARY LOAN with SL Partner Coops/Corporation
Amount
- Minimum of 25,000.00 to max of 250,000.00.
- The maximum net take home pay should be 35% after One CB deduction.
Interest Rate18% per annum, based on diminishing balance.
TermMinimum of 6 mos. and max of 3 years.
DrawdownLumpsum
PaymentsEqual monthly amortization through automatic salary deduction.
Other TermsSL Partner shall be entitled for a collection fee.
Motorcycle Loan
One CB finance the purchase of brand new and repossessed MC of our partner motorcycle dealer.
Personal Loan
Funeral One CB offers a loans to finance the purchase of columbarium vault to our partner Columbarium & Chapel.
Housing Loan
One CB finance 70% to 80% of the Appraised Value of a real estate property that the borrowers wished to purchase or construct.