Purpose
- Purchase of appliances.
Requirements
- Loan Application Form
- Six (6) months coop tenure
Loan Entitlement: 5 x equity
Loan Ceiling: P50,000.00
Service Fee: P200.00
Retention Fund: 10%
Maximum Term: 12 months
Diminishing Interest Rate: 24% p.a.
Effective Interest Rate: 1.12% per month
Co-Makers Needed: 2
Documentation Requirements: Quotation or official receipt of appliance
Estimated Processing Time: 7 working days from receipt of loan application form.
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