| Loan Product |
Balance Transfer Loan |
| Description |
|
|
1. Can be availed by members with (1) one year of membership. |
|
2. Loan Amount is outside the fixed deposit. |
|
3. Take home pay must not be less than Php 3,500.00. |
| Loan Purpose |
Loan to help members to pay off debts or credit card bills at a lower interest rate than credit card companies offer. |
| Requirements |
|
|
For Member A. |
|
1. Latest credit card billing – with Name of Payee indicated in the billing. |
|
2. Filled-out loan form. |
|
3. Copy of Latest one month pay slip. |
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4. Four (4) co makers. |
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5. Share Capital Passbook. |
|
For Member B and C. |
|
1. Latest credit card billing – with Name of Payee indicated in the billing. |
|
2. Filled-out loan form. |
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3. Consolidated loan amount must be within 100% of the fixed deposit. |
|
4. Share Capital Passbook. |
| Interest Rate |
6% per annum |
| Maximum Amount |
Php 100,000.00 |
| Minimum Term |
1 month |
| Maximum Term |
1 year |
|
|
