| Loan Product |
Contingency Loan |
| Description |
|
|
1. Availed by regular members in good standing and has no record of deliquency ( including those members under loan moratorium) for the last twelve(12)months. |
|
2. Members may Re-loan. |
|
3. One day processing. |
| Loan Purpose |
Financial support for any unforeseen events(i.e. immediate medical needs, immediate financial obligations, etc.) |
| Requirements |
|
|
1. Must have atleast 3 months continous deposit of capital build up. |
|
2. Copy of latest two(2)pay slips for Member A. |
|
3. Share Capital Passbook. |
|
4. Complete filled-out loan form with signatures of co-makers if needed. |
| Interest Rate |
10% |
| Maximum Amount |
|
|
Old Members( a member whose membership has exceeded a period of one(1)year) - Php 50,000.00. |
|
New Members - PhP 50,000.00 or twice the share capital whichever is lower |
| Minimum Term |
1 month |
| Maximum Term |
12 months |
|
|
