Product and Services

  • Home
  • Product and Services

I. Business Loan Facilities

  1. Purpose
    • Finance business expansions
    • Fixed Assets acquisition/ purchase of land and/or building/ additional machinery and equipment
    • Finance permanent working capital arising from expanded operations
    • Project financing
  2. Eligible Borrowers
    • Cooperatives
    • Single Proprietorship
    • Partnership
    • Corporation
  3. Eligible Projects
    • Agri-business
    • Manufacturing
    • Trading
    • Services
    • Utilities
  4. Term
    • Up to 10 Years base on cash flow
  5. Amount
    • based on project requirements
  6. Interest Rate
    • Market Rates
  7. Payment
    • based on project cashflows
  8. Documentary Requirements
    • Loan Application Form
    • 3-Years Financial Statements (Audited preferably)
    • Latest interim Financial Statement
    • Projected income statement, balance sheet and cash flow statement with basic assumptions
    • Photocopy of Certificate of Registration with the CDA, SEC or DTI whichever is applicable
    • Certified True Copy of Articles of Cooperation/Incorporation/Partnership and by-laws
    • Brief Description of the Company
      • History
      • Products
      • Owners
      • Key Officers
    • List of the following
      • Officers
      • Partners (for Partnerships only)
      • Board of Directors (for Corporations only)
      • Principal stockholders and their stockholdings (for Corporations only)
    • Other documents as may be required by the Bank

  1. Purpose - To finance daily business operations such as
    • purchase of raw materials or finished goods inventories
    • financing of accounts/ loan receivable
    • financing of contracts
  2. Eligible Borrowers
    • Cooperatives
    • Single Proprietorship
    • Partnership
    • Corporation
  3. Eligible Projects
    • Agri-business
    • Manufacturing
    • Trading
    • Services
    • Utilities
  4. Term
    • Up to 1 year base on cash flow
  5. Amount
    • Base cashflow requirements
  6. Interest Rate
    • Market Rates
  7. Payment
    • based on project cashflows
  8. Documentary Requirements
    • Loan Application Form
    • 3-Years Financial Statements (Audited preferably)
    • Latest interim Financial Statement
    • Projected income statement, balance sheet and cash flow statement with basic assumptions
    • Photocopy of Certificate of Registration with the CDA, SEC or DTI whichever is applicable
    • Certified True Copy of Articles of Cooperation/Incorporation/Partnership and by-laws
    • Brief Description of the Company
      • History
      • Products
      • Owners
      • Key Officers
    • List of the following (certified by the Corporate Secretary for corporations):
      • Officers
      • Partners (for Partnerships only)
      • Board of Directors (for Corporations only)
      • Principal stockholders and their stockholdings (for Corporations only)
    • Other documents as may be required by the Bank

  1. Purpose
    • to working capital for micro, small and medium enterprises
  2. Eligible Borrowers
    • micro, small and medium enterprises that have been operating for that last 3 years with weekly sales of P20,000
  3. Eligible Projects
    • Agri-business
    • Manufacturing
    • Trading
    • Services
  4. Term
    • Up to 24 months
  5. Amount - from P10,000 to P200,000
    • Interest Rate – Market Rates
  6. Payment
    • Semi-monthly
  7. Documentary Requirements
    • Loan Application Form
    • Government ID
    • Mayors Permit/Business Permit
    • Proof of residential address (e.g., Meralco Bill)
    • Acceptable Credit Rating
    • Other documents as maybe required by the Bank.

  1. Purpose
    • to finance the purchase of Modernized Jeepneys under the government’s Public Utility Modernization Program (PUVMP).
  2. Eligible Borrowers
    • Public Transport Cooperatives or Corporations with approved routes under the LTFRB Omnibus Franchising Guidelines (OFG).
    • Registered with the Cooperative Development Authority (CDA) or the Securities and Exchange Commission (SEC)
    • Transport entity must submit a receiving copy of their LTFRB Application to Operate PUV under the PUVMP
  3. Term
    • Based on cash flow but not to exceed 8.5 years
  4. Amount
    • up to 95% of the acquisition cost (AC) of the unit to be financed or up to the repayment capacity of borrower, whichever is higher Base cashflow requirements
  5. Interest Rate
    • Market Rates fixed
  6. Payment
    • Monthly Payments
  7. Mode of Loan Release
    • Direct payment to supplier
  8. Security
    • Registered Chattel Mortgage
    • Official Receipt (OR) and Certificate of Registration (CR) of the mortgaged vehicle
    • Deed of Assignment of the PUV's Comprehensive Insurance with Act of God/Nature coverage. Insurance of the mortgaged vehicle must be coursed through the Banks’ preferred Insurance Company.
    • Deed of assignment of deposit
  9. Documentary Requirements
    • Loan Application Form
    • Government ID
    • Mayors Permit/Business Permit
    • Proof of residential address (e.g., Meralco Bill)
    • Acceptable Credit Rating
    • Other documents as maybe required by the Bank.

II. Consumer Loans

  1. Purpose
    • To raise funds for emergency medical care, education, household bills purchase of appliances, computers/gadgets, loan take-out and other personal expenses except for the business purposes and purchase of motor vehicles of partner employers
  2. Eligible Borrowers and Co-Makers
    • Filipino, employed, with the current employer or deployed by a manpower agency for at least two (2) years of an accredited employer and have not been suspended for the last 6 months from loan application date or with a pending administrative
    • Must be at least 18 years old but not more than 65 years old or the specified mandatory retirement age based on company policy, upon maturity of the loan.
    • Not more than twice as a Co-Maker
    • Must have medium risk credit rating
    • The Borrower must have a Net-Take-Home of a least PESOS: Five Thousand (P5,000.00) per month
    • Loan must be endorsed by the authorized representative of the partner employer
    • Number of Required Co-Makers
      • For Term Loan (TL) – 2 Co-Makers
      • For Short Term Loan (STL) – no Co-Maker required
  3. Amount
    • For Term Loans (TL) - Up to P250,000.00 or up to twice the Borrower’s average gross salary (excluding Bonuses and 13th month pay) for the last two (2) months whichever is lower and
    • For Short Term Loan (STL) – Up to P25,000 or up to one (1) month of the Borrower’s average gross salary (excluding Bonuses and 13th month pay) for the last two (2) months whichever is lower and
  4. Term
    • For Term Loan (TL) – From six (6) months, up to thirty-six (36) months inclusive of grace period. The President may approve a longer maturity under meritorious cases2 provided it will not exceed five (5) years.
    • For Short Term Loan (STL) - From six (6) months, up to twelve (12) months inclusive of grace period.
    • Loan maturity shall not exceed the sixty-fifth (65th) birthday or the specified mandatory retirement age of the company policy.
  5. Interest Rate
    • Market Rates
  6. Loan Repayment
    • equal amortization payments via salary deduction every payroll cycle
  7. Processing Requirements
    • Loan Application, duly endorsed by the partner employer
    • Filled-up and signed Co-Maker Loan Application Form, duly endorsed by the partner employer
    • Employer Certification Form with compensation (ANNEX F)
    • One (1) Government ID and company ID. In the absence of a Government ID, the Borrower may submit a Barangay Certification with picture and signature of Borrower and company ID
    • Copy of two (2) months’ pay-slip
    • Other documents as make be required

  1. Purpose
    • to fund end-user financing of partner developer
  2. Eligible Borrowers
    • Individuals/End-buyers of properties from partner developers
    • Must have medium risk credit rating
    • Must be at least 18 years old but not more than 65 years old or the specified mandatory retirement age based on company policy, upon maturity of the loan.
  3. Eligible Projects/Properties for Purchase
    • Lots only
    • Properties ready for occupancy
    • House and lots
    • Townhouse
    • Condominium units
    • Lot and houses for construction
  4. Loanable Amount
    • Up to 90% of the contract price which includes selling price, titling and taxes, or outstanding balance whichever is lower
  5. Tenor
    • Up to 20 Years
  6. Collateral
    • Real Estate Mortgage on property to be acquired from any residential projects of the accredited developers
    • Deed of Assignment of the Insurance with Act of God/Nature coverage. Insurance of the mortgaged property must be coursed through the Banks’ preferred Insurance Company.
  7. Documentary Requirements
    • End Buyer/Borrower
      • Duly accomplished loan application form with 1" X 1" photo
      • Latest certificate of income and employment
      • Latest Income Tax Return with BIR stamp
      • Marriage Contract, if applicable
    • Developer
      • Photocopy of TCT/CCT
      • Photocopy of tax declaration (land improvements)
      • Certified Lot Plan
      • Certified Location and Vicinity Map
      • Latest Real Estates Tax Receipt
      • Photocopy of TCT/CCT Contract to Sell/Presell
      • Master Deed of Restriction, in case of condominium
      • HLURB Certification of Registration of Project
      • HLURB Locational Clearance

III. ACPC-MSCB Lending (AGRI Lending)

  1. Target Borrowers – Young agriculture / fishery entrepreneurs that are Agriculture/Fishery graduates either formal/non-formal schooling, and Age 18 to 30 yrs. old
  2. Partners
    • cooperatives as facility agents
  3. Purpose
    • working capital
    • purchase/repair of equipment, machinery or vehicles to be used for the project
    • construction, or repair of building/s or structure/s where the project is located in support of income generating agri-fishery activities such as crop production, plantation improvement, trading in agri-fishery commodities or inputs, processing of agri-fishery commodities or inputs.
  4. Amount
    • up to P500,000.00
  5. Term
    • up to five (5) years
  6. Interest
    • Zero interest rates
  7. Payment
    • based on project cash flow
  8. Security
    • project funded facilities
  9. Other Conditions
    • Terms may be adjusted to meet the needs of the partner and its members subject to ACPC-MSCB Lending guidelines.

  1. Target Borrowers
    • individual and Micro & Small agriculture / fishery entrepreneurs. For individual not greater than 65 on maturity.
  2. Partners
    • cooperatives as facility agents
  3. Purpose
    • working capital
    • purchase/repair of equipment, machinery or vehicles to be used for the project
    • construction, or repair of building/s or structure/s where the project is located in support of income generating agri-fishery activities such as crop production, plantation improvement, trading in agri-fishery commodities or inputs, processing of agri-fishery commodities or inputs.
  4. Amount
    • individual up to P500,000.00
    • Micro up to P5.0M
    • Small Ent./Farmers Ass up to P15.0M
  5. Term
    • up to five (5) years
  6. Interest
    • Zero interest rates
  7. Payment
    • based on project cash flow
  8. Security
    • project funded facilities
  9. Other Conditions
    • Terms may be adjusted to meet the needs of the partner and its members subject to ACPC-MSCB Lending guidelines.

IV. Other Facilities

CASH MANAGEMENT SERVICES

Check Warehousing System

MSCB provides warehousing services to safekeep and monitor Post-Dated Check (PDCs) issuances specifically for the loan payments/amortizations & deposit the same to your designated collection account as credit dates fall due.

Juan Stop Bills Pay (ECPay)

  • MSCB as Merchant
  • Accepts over the counter payments for various billers nationwide
    > Including your utilities, an/or Pag-Ibig loans
  • Accepts loan payments from MSMEs through the ECPay partner Merchants such as 711 Convenience Store, etc.

FOR MEMBER COOPERATIVES

member cooperatives
  • Enjoy reasonable returns on your investment thru dividends sharing, than with regular commercial banks
  • Ready loans especially in most distressed times
  • Entitles you to a fair income share from your loans via the patronage refund
  • As a co-owner or “Kamay-ari” you have a voice in the organization
  • Cooperation and support towards development and growth
  • Open opportunities for additional fee based income as outsourced service provider or As agent bank
  • Availability of low maintaining balance checking account
Shape

INTERNET BANKING

Online Banking accessible via PC desktop or Smart/Mobile Phone for your MSCB/ On-us accounts **Phase II is on ongoing development (via Instapay and PESONet)

Features & Benefits of Instapay & PESONet

Send money anytime anywhere without the hassle of going to or long queue at the bank; nor use of POS device Allows individuals, government agencies, corporate/businesses fund transfers, payments, remittances of larger amount of money or in bulk anywhere in and out of the country.
Transfer money from MSCB Account or e-wallet to accounts with other banks instantly up to P50,000.00 via laptop, desktop or mobile phones Transfer of funds up to a maximum of P200,000.00 via your laptop, mobile phone or desktop/computers
Real-Time Fund Transfer or credits to the account of the beneficiary Funds are received within the same day (subject to the designated cut-off)
Designed for small value payments Bulk fund transfers at no extra cost
Transactions are protected by multiple security solutions Reliable and secure fund transfers
Available 24/7 Available 24/7
Convenience, efficiency & affordability (low cost) Improved efficiency, convenience; a perfect alternative for checks
Shape

SAVINGS DEPOSIT

Checking Deposit

Savings Deposit

Time Deposit / Special Savings Account Deposit

Regulated by the Bangko Sentral ng Pilipinas. Deposits are insured by PDIC up to P500,000 per depositor.

Copyright ©2022 MSCB. Powered By Synermaxx Corporation