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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

PSBC

Advertiser Disclosure

About bank

Producers Savings Bank Corporation (PSBC) is a partner bank for Filipino farmers and SMEs that works to increase their businesses' wealth. The bank also aims to provide farmers, micro and small- to medium-sized business owners, with responsive, innovative lending as well as deposit products.

PSBC is a financial institution that offers financial services to its customers. It was founded in 1995 in San Jose city. As of June 1, 2020, the financial organization had ₱2.149 billion in total capital, 202 branches, 236 ATMs, and ₱18.587 billion in total resources. The bank now has over 201 branches all over the Philippines. Its corporate headquarters are in AIC Burgundy Empire Tower, ADB Avenue Ortigas Center, Pasig City 1600.

Features

PSBC offers various financial products and services, from savings accounts to deposits and loans. The bank offers time, savings, and deposit accounts. Additionally, it provides lending products and online banking services.

Pros and cons

Before applying for any of their products or services, you should weigh the advantages and disadvantages listed below. These includes:

Pros

  • PSBC has over 201 branches nationwide, which allows you to conduct business with them quickly and easily.

  • PSBC is registered with the SEC and offers products and services to all Filipinos.

Cons

  • The housing loan (Pang-Pamilya) has a minimum qualifying amount of ₱1000000, which may be on the high side for most people.

  • The banks' website does not mention the deposit product criteria.

Products and services

Producers Savings Bank Corporation provides products like deposits, loans, and electronic banking services.

Deposit products

  • Current account. Both idividuals and businesses can open a current account, which is also a checking account. The current account allows you access to ATM services, debit cards, and the ability to earn interest on your cash balance.

  • Time deposit. PSBC offers two types of accounts to non-citizen customers, overseas workers, US government retirees, and immigrants: the 5-Year Fixed Income Plan and the Premium Time Deposit, both of which have a corresponding US dollar account.

  • Savings account. You have the option of opening a personal, ATM, USD, or business savings account. There are also two-time savings deposit accounts, Better Than Alkansiya and I'm a Hero. They are both 5-year tax-free time deposits. The I'm a Hero Funds Deposit, on the other hand, is better suited for college savings or retirement purposes.

Loans products

  • SME Loan (Pang-Negosyo). Owners of small and medium-sized firms can apply for this loan and access more than ₱1000,000. To qualify, the company must have been stable and profitable for the previous two years, and you must have acceptable or sufficient collateral.

  • Go Negosyo Loan (Pang-Negosyo). PSBC provides loans for small businesses and entrepreneurs looking to start or expand their businesses and need working capital. Depending on your project's capitalization and cash flow, you can qualify for a minimum of ₱500,000 up to ₱1000000.

  • Crop Loan (Pang-Sakahan). With this loan, farmers purchase seeds, livestock, and equipment needed for planting or tending to their crops.

  • Livestock Loan (Pang-Manukan/Babuyan). Perfect for people who raise livestock such as cows, goats, sheep, and pigs.

  • Car Loan (Pang-Service). The loan makes it easier for Filipinos to own a car than ever.

  • Housing Loan (Pang-Pamilya). Applicants must be permanent public or private institution employees with at least three years of experience or existing bank depositors with established businesses.

Electronic banking services

  • PESONET. It is an electronic banking service that allows you to use your account anytime.

  • ECPay. It is a universal e-banking solution that lets you pay bills from anywhere in the world. You can also transfer money to another account or withdraw cash from any ATMs available in the country.

  • eBanking. It is an online version of the traditional banking system. It allows you to perform all your banking transactions on your computer or mobile device with just a few clicks.

PSBC

FAQ

What is the Producers Savings Bank Corporation (PSBC)?

PSBC is a full-service bank in the Philippines. It offers various financial products and services, including savings accounts, deposits, and loans.

Who owns the Producers Savings Bank Corporation?

PSBC is 94.2% owned by PSBC's founder, chairman, and CEO, Andres M. Cornejo.

Is Producers Savings Bank Corporation legitimate?

Yes. Producers Savings Bank Corporation is a legitimate financial institution regulated by the Bangko Sentral ng Pilipinas and registered with the Securities and Exchange Commission (SEC).

What is the minimum down payment for an auto loan?

Minimum down payments at PSBC for a new car are 30% and for a used car are 50%.

For what period can I take out a PSBC auto loan?

A brand-new car can be repaid within five years, whereas a pre-owned vehicle can be repaid within two years.

Can I take out a PSBC auto loan for a used car?

Yes. Used cars can be financed up to 50% of the appraised market value and repaid over two years.

What is the longest PSBC home loan term?

If you take out a home loan, you can repay it for up to 15 years.

Company documents

Privacy Policy
Terms of use

With PRODUCERS BANK...you're way ahead!

© Producers Savings Bank Corporation

Financial products

PSBC
Savings account
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

PSBC
Time deposit
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

PSBC
Current account
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

PSBC
Livestock Loan
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
more than ₱1,000,000
Term
i

Loan term for the financial product

up to 60 months
PSBC
Crop Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱500,000
PSBC
Go Negosyo Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱500,000-₱1,000,000
PSBC
SME Loan (Pang-Negosyo)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
more than ₱1,000,000
PSBC
Teacher’s Loan
Rating by Finanso®
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Recommended FinScore™
0
300
650
1000
₱10,000-₱1,000,000
Rate
i

Effective interest rate on the product

7 % per annum
Term
i

Loan term for the financial product

up to 36 months
PSBC
Car Loan
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Term
i

Loan term for the financial product

up to 60 months
PSBC
Housing Loan
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from ₱1,000,000
Term
i

Loan term for the financial product

up to 15 years

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