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Car Equity Loan


Purpose

  • Equity component of member’s car loan.

Requirements

  • Loan Application Form
  • Twelve (12) months coop tenure

Loan Entitlement: 5 x equity
Loan Ceiling: P100,000.00
Service Fee: 0.5% of loan or P200.00 whichever is higher.
Retention Fund: 10%
Maximum Term: 24 months
Diminishing Interest Rate: 18% p.a.
Effective Interest Rate: 0.83% per month
Co-Makers Needed: 2
Documentation Requirements: Quotation or official receipt of car.
Estimated Processing Time: 7 working days from receipt of loan application form.

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Contact Us

Address: 

11F Intellectual Property Center
McKinley Hill, Taguig City

 Phone:

+63-2-7975-4087

 Email:

 admin@hpp.coop

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