Countryside Financial Institutions - Calamity Assistance Program (CFI-CAP)

Rationale

A joint program of BSP, PDIC and LANDBANK which provide credit assistance to eligible banks whose loan portfolio were affected by natural calamities.

Eligible Borrowers

  • Rural Banks
  • Cooperative Banks
  • Thrift Banks
    •  that were affected by typhoons, disasters and other natural calamities as declared by the Office of the President, or by the Local Sanggunian.

 Available Credit Facility

Term-Loan Rediscounting.

Interest Rate

Prevailing LBP rate at the time of availment.

Loan Tenor

 Maximum of seven (7) years, payable quarterly.

Availability Period

Within one (1) year from the date of the declaration of the calamity by the Office of the President, or by the Local Sanggunian.

Collateral

Post-dated checks.