First Country Bank

This is a livelihood loan program in partnership with the Land Bank of the Philippines through its PVAO (Philippine Veterans Affairs Office) Pension Credit Program. It is open to veterans of the Armed Forces of the Philippines, particularly qualified PVAO members. The loan is repaid through the assignment of their monthly pension and the automatic pension deduction through First Country Bank, an arrangement that guarantees 100% collection.

For:
PVAO pensioners who need cash for livelihood projects.

Eligibility:

1. PVAO pensioner or a beneficiary of a PVAO pensioner
2. Monthly pension of not less than P5,000
   

Benefits:

• Affordable interest
  
• Quick approval process
  
• Convenient collection via automatic pension deduction
  

Rate:
1.67% per month

Fees:
Service charge
Notarial fee
Documentary stamps tax
Credit life insurance

Minimum Loan:
P10,000

Maximum Loan:
P100,000

Minimum Term:
6 months

Labels: Loans