| Loan Product |
Calamity Loan |
| Description |
|
|
1. Can be availed by regular members in good standing and has no records of deliquency for the last 12 months. |
|
2. Can only be availed once a year. |
|
3. A subsequent Calamity Loan may not be allowed unless the previous Calamity Loan is fully paid. |
| Loan Purpose |
Financial support to members whose primary residence is affected with calamity or disaster. |
| Requirements |
|
|
1. Must have atleast 3 months continous deposit of Share Capital. |
|
2. Copy of latest two(2)pay slips for Member A. |
|
3. Share Capital Passbook. |
|
4. Complete filled-out loan form (no co- maker needed) |
|
5. If LGU is under STATE OF CALAMITY, no additional requirements. |
|
6. If there is NO declaration of State of Calamity by the LGU, kindly submit ADDITIONAL requirements: |
|
a. Certificate of Residency from the Barangay |
|
b. Barangay certification on the damaged residence |
|
c. Photos of the damaged property, including the house number |
| Interest Rate |
10% |
| Maximum Amount |
|
|
Old Member( a member whose membership has exceeded a period of one(1)year) - Php 15,000.00 |
|
New Member - PhP 15,000.00 or twice the share capital whichever is lower. |
| Minimum Term |
1 month |
| Maximum Term |
12 months |
|
|
