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MAXBANK TODOMAX Loan

In line with the modernization project of the government, MAXBANK TODAMAX Loan aims to assist the registered cooperative entities and its members to finance their E-Jeep or E-Trike purchase to start its means of livelihood. Avail P1,000,000 (or depending on vehicle price) payable in 5 years (maximum) with competitive interest rates (14% per annum / monthly diminishing balance). Pay monthly via over-the-counter or with post-dated checks.

Eligibility

For Registered Cooperative entities:

  • Registered Cooperative in the Philippines under CDA

For Cooperative Member Borrower:

  • Filipino Citizen
  • 18 - 60 years of age and physically fit
  • 2 years resident (rented)
  • 1 year resident (owned)

Loan Requirements

For Registered Cooperative entities:

  • Registration document under CDA
  • Articles of Association and By laws
  • 2 years Audited Financial Statement
  • Secretary Certificate
  • Authorized Signatory 1x1 Picture (1 pc)
  • Application Form (filled-up and signed)
  • 2 Valid IDs of Signatory with 3 specimen signature (Photocopy)
  • Franchise documents issued by LGU to the Cooperative
  • List of members

For Cooperative Member Borrower:

  • 1x1 Picture (6 pcs)
  • Application Form (filled-up and signed)
  • Certificate of Residency and Good Moral from the Barangay (original)
  • Police Clearance
  • Community Tax Certificate (Photocopy)
  • 2 Valid IDs with 3 specimen signature (Photocopy)
  • Registered Voter of the area wherein the franchise is granted