News

With President Rodrigo Duterte extending the Enhanced Community Quarantine in Metro Manila until May 15, HPPEMC will be granting another 30-day grace period for loans falling due on the May 2020 payroll.

Similar to the first 30-day grace period granted in April, availing of this second 30-day grace period is optional and does not preclude those wanting to pay their obligations for May 2020.

As such, for those who wish to avail of the 30-day grace period offered for the May 2020 payroll run, please click HERE to read the amended policy and how to avail. Please note that consistent with BSP and CDA guidelines, loan interest will continue to accrue during the 30-day grace periods. Kindly make sure to read the amended policy for an illustration of interest computation.

Members must inform the coop office on or before May 1, 2020 if they wish to avail of the second 30-day grace period to allow the coop to process the request before the May 2020 payroll cut-off. 

Pursuant to the Implementing Rules and Regulations recently released for Section 4(aa) of the Republic Act 11469, otherwise known as the "Bayanihan to Heal As One Act", the HPPEMC board has approved the granting of a 30-day grace period for payment of loans falling due on the April 2020 payroll run.

The 30-day grace period is optional and does not preclude those who wish to pay their obligations for April 2020.

Those wanting to avail of the 30-day grace period may click HERE to read the policy and availment procedures. Kindly note that, consistent with BSP and CDA guidelines, additional interest will accrue during the 30-day grace period.

To allow for the prompt processing of requests, members much inform the coop office on or before April 17, 2020 if they would like to avail of the 30-day grace period.

Please contac the coop office for any questions.

HPPEMC "Call-For-Donations" was able to help INSPIRE in their relief efforts to support our heroes in the Philippine General Hospital. Extending their appreciation, INSPIRE shared that with help from members and other donors, they were able to bring the following to PGH:

• 100 Surgical Masks and Gowns
• 100 Breakfast Meals
• 100 N95 Masks
• 100 Face Shields 

More help will be needed as our frontliners continue fight the pandemic. As such, INSPIRE is continuously calling for donations to be able to acquire much needed PPEs for the Lung Center of the Philippines and the UST Hospital, among others. Those wishing to donate may contact the coop office for details.

To further facilitate members' emergency need for cash during the current pandemic, we have added Online Share Capital Loan Application in the website. Please just go to the website under Member's Area to apply. We will also try to put this facility in the HPP Mobile App in the coming days.

Loan proceeds will be transferred electronically to the member's Bank Account on record. For Share Capital Loan, no comaker is required and Credit Life Insurance has been waived. Please note that Share Capital Loan ceiling is based on member's total Share Capital contributions less any outstanding loans. Kindly check the HPP Mobile App to determine your maximum loanable amount. Other terms and conditions apply.

Other Loan Types

Regular Loan Applications can be submitted electronically in the meantime. Use the standard Loan Application Form which can be downloaded from the Member's Area. Email a scanned copy to This email address is being protected from spambots. You need JavaScript enabled to view it. with a cc to your comaker/s, if any is required. Comaker/s must give their approvals via email reply for the application to be processed. Please expect some delays in processing as we adjust to this new system.

Exception Approvals

For members who are already outside the Credit Policy (e.g. over the P100k max loanable amount per member, lacking HPPEMC tenure requirement, etc.), you may still apply via email but your application will have to be reviewed by the Board for exception approval. Kindly use the standard Loan Application Form which can be downloaded from the Member's Area.

Feel free to let us know if you have any comments, concerns, or suggestions. Thank you and stay safe.