Purpose
- May be used for any financial needs of the member.
Requirements
- Loan Application Form
Loan Entitlement: <= Share Capital contribution less outstanding loans
Loan Ceiling: Equity less Share Capital tied to existing loans
Service Fee: P200.00 or 0.5% whichever is higher.
Retention Fund: None
Maximum Term: 60 months
Diminishing Interest Rate: 16% p.a.
Effective Interest Rate: 0.79% per month
Co-Makers Needed: None
Estimated Processing Time: 5 working days from receipt of loan application form.