Purpose
- May be used for any financial needs of the member.
Requirements
- Loan Application Form
- Letter of intent indicating purpose of loan
Loan Entitlement: 5 x equity
Loan Ceiling: P200,000.00
Service Fee: 0.5% of loan or P200.00 whichever is higher.
Retention Fund: 10%
Maximum Term: 36 months
Diminishing Interest Rate: 36% p.a.
Effective Interest Rate: 1.74% per month
Co-Makers Needed: 2
Estimated Processing Time: 7 working days from receipt of loan application form.
