Requirement:
- 6 months coop member
- Copy of webapps
Processing time:
Subject to availability of products
| Minimum Share Capital : | Php2,500 |
|---|---|
| Loan Amount : | Maximum of 50,000 |
| Co-Maker : | Co-maker is required if loan is more than his/her paid up capital, 1 co-maker for every P1 to P25K loan exposure |
| Interest Rates : | 1.5% per month straight-line basis |
| Service Fee : | 1% to be add on the principal |
| Loan Term : | 2 year to pay |
Note:
- The credit limit per member is equivalent of 2X of paid-up capital except for Petty Cash Loan & Emergency loan which is allowed up to 3X of paid-up share capital.
- The maximum monthly amortization for all types of company and COOP loans shall be 35% of the employee’s monthly basic salary (MBS).
- Pre-termination fee is waived if loan for offset and the new loan application are the same type of loan.