Requirements:
- 3 months coop member
| Minimum Share Capital : | Php2,500 |
|---|---|
| Loan Amount : | Maximum of 5,000 |
| Interest Rates : | 1.5% per month straight-line basis |
| Service Fee : | 2% to be deducted in principal |
| Loan Term : | 1-5 months |
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.