• 1 year coop member
  • 2 years in the company
  • Copy of webapps
  • If with existing business:
    1. Updated mayor’s business permit
    2. Proof of business related expenses
  • New/Backyard Business
    1. Project Proposal
    2. Mayor’s permit

Processing Time:

Applications with complete requirements received from Mondays to Wednesdays will be released on Saturdays.
Applications received from Thursdays to Fridays will be released on the following Wednesdays.


Minimum Share Capital : Php2,500
Loan Amount : Maximum of 250K
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 : 1.25% per month straight-line basis
Service Fee : 2% or P3,000 service fee whichever is lower
Loan Term : Max of 4 years to pay


  1. 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.
  2. The maximum monthly amortization for all types of company and COOP loans shall be 35% of the employee’s monthly basic salary (MBS).
  3. Pre-termination fee is waived if loan for offset and the new loan application are the same type of loan.
  4. If there is no Mayor’s permit presented, member should avail of the providential loan