Loans
To ensure that the poorest of the Filipino have access to financial services, CARD MRI RIZAL BANK, Inc. offers microfinance loans for clients who engage in livelihood activities, enterprises, or business.
We offer microfinance loans for clients who engage in livelihood activities, enterprises, or business.
MF-Sikap 1
- For working and business capital
- Initial loan amount : up to Php20,000
- Maximum Loan Amount : Php150,000
MF - Sikap 1 GLIP
- For existing clients who are 70 y/o and above who are enrolled in Golden Life Insurance Program (GLIP)
- For working and business capital
- Loan amount: up to Php 20,000
MF - Microfinance Plus
- For existing microfinance clients who have availed at least two microfinance loans ranging from Php50,000 to Php150,000
- For working and business capital
- Loan amount: Php150,001 to Php300,000
MF - Micro Housing
- Intended for house improvement, repair or renovation
- Loan amount: up to Php300,000
MF - Micro Agri Loan
- Can be used in implementing agricultural and other agriculture related businesses
- Loan amount: up to Php150,000
MF - Micro Agri GLIP
- For existing clients who are 70 years old and above and enrolled in the GLIP with Agriculture Business
- Loan amount: up to Php20,000
For microfinance clients who have demonstrated the potentials to develop their businesses even further, CARD MRI RIZAL BANK offers SME loans to prepare them for their plans of expansion. Loans under this category are called SME-Working Capital and SME-Investment.
- For microfinance clients who need a working capital more than Php300,000
- Working Capital
- Investment Loan
- Loan amount: up to Php5,000,000
CARD MRI RIZAL BANK also makes other loans available for microfinance clients to respond to their other needs. These are individual, educational, health and cellphone loans.
Educational Loan
- For clients who are needing financial assistance in sending their children to school
- Loan amount
-
- Elementary/ZEDRES: up to Php3,000
- Highschool/ College : up to Php10,000
Personal Loan
- Providing flexible financial assistance for existing members personal consumption
- Loan amount : up to Php20,000
Cellphone Loan
- Offered to microfinance clients for the purpose of acquiring mobile phone/cellphone unit to support the bank’s implementation of its mobile financial services.
- Loan amount : up to Php10,000
Health Loan
- Intended for paying the following:
- SSS Premium
- PhilHealth Premium
- Insurance Premium
- Laboratory Fees
Special Agri Loan Program (SALP)
- Aims to grant agricultural loans to satisfy the financing needs for working capital or fixed assets of the farm or related expenses
- Loan amount: up to Php300,000
Savings
CARD MRI RIZAL BANK, Inc. encourages its members to develop a habit of saving. We developed different types of savings products to ensure that the needs of every member are met and satisfied.
This account represents deposit account for kids that is specially designed for children to enable them in building a savings habit at an early state. It will enable child to save and become members of Kiddie Savers Club. Minimum initial deposit amounts to Php100.00 and maintaining balance is Php100.00. Minimum balance to earn interest is Php2,000.00 with 1% interest rate per annum.
*updated as of February 29, 2024
This account represents special savings account (time deposit) which helps the client to secure savings for a better future. Interest rate depends on the amount of deposit and term. Minimum initial deposit amounts to Php10,000.00 and maintaining balance is Php10,000.00 with 3.60% to 4.10% interest rate.
*updated as of January 31, 2024
This account represents regular savings account evidenced by passbook. Minimum initial deposit amounts to Php200.00 and maintaining balance is Php100.00. Minimum balance to earn interest is Php2,000.00 with 1% interest rate per annum.
*updated as of January 31, 2024
This account represents each member's capital build-up and also acts as loan guarantee given that loans are non-collateralized. It consists of the P50 weekly Pangakong-Ipon. The primary purpose of the Pangakong-Ipon is to have a capital build-up fund which members can use for buying shares of stocks from CARD MRI Rizal Bank, Inc. as well as to serve as guarantee for their loans. Minimum initial deposit amounts to Php50.00 and maintaining balance is Php100.00. Minimum balance to earn interest is Php2,000.00 with 2.50% interest rate per annum.
*updated as of February 29, 2024
It is a deposit account with check book facility. It is also known as current or demand account. Typically, this is used for making business payments (currently available only in Sta Cruz- Head Office). Minimum initial deposit and maintaining balance of Php5,000 (non-interest bearing) or Php50,000 (interest bearing) with 0.125% interest rate per annum and is evidenced by check booklet.
*updated as of February 29, 2024
Tagumpay savings, is a term savings that seeks to encourage savers to deposit regularly in order to achieve or fulfill a dream such as building a house for their family, higher education for themselves or for their children, etc. This account is a recurring deposit savings account with fixed deposit amount every week/month until it reaches the maximum term of 5 years. This shall be supported by a signed agreement/contract. Minimum initial deposit amounts to Php200.00 (for staffs) and Php100.00 (for members), minimum balance to earn interest is Php3,000.00 with 5% interest rate per annum.
*updated as of January 31, 2024
This product is intended for the bank’s members with the aim of further promoting the bank’s savings mobilization program. It is a recurring deposit account with a fixed deposit amount every week with a pre-determined target total savings amount after a definite period. Interest rate depends on the desired target savings and term. Minimum balance to earn interest is Php1,000.00 and is supported by a signed agreement/contract.
**Currently available at Sta. Cruz Head Office only.
Matatag account represents a savings account that provides the option for regular savings with easy access to withdraw 24x7 through the automated teller machine (ATM). The minimum initial deposit amounts to Php100.00, and the minimum balance to earn interest is Php2,000.00 with a 0.05% interest rate per annum.
*updated as of February 29, 2024
Remittance
Cebuana Lhuiller
- A domestic remittance service in partnership with local remittance service provider Cebuana Lhuiller. Clients can now send money through CARD MRI RIZAL BANK and receive it in any outlet of Cebuana Lhuiller or vice versa.
An in-house domestic remittance service where clients can enjoy sending money through CARD MRI RIZAL BANK and received by their loved ones in any CARD MRI RIZAL BANK , CARD SME Bank, CARD Bank and selected CARD Inc. branches nationwide.