Educational Loan

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.

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