Purpose
- Educational expenses of members and their family up to the 2nd degree of consanguinity and affinity
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: 18% p.a.
Effective Interest Rate: 0.83% per month
Co-Makers Needed: 2
Documentation Requirements: School’s billing statement or official receipt
Estimated Processing Time: 7 working days from receipt of loan application form.
