| Loan Product |
Educational Loan |
| Description |
|
|
The maximum amount of this loan shall be or the actual amount needed to pay the school fees. This shall be considered outside loanable amount and shall be payable in two years and can be renewed after six(6) months from the date of approval. |
| Loan Purpose |
Financial support for the members' or their dependenst' educational needs(i.e. tuition fee, book, unifomrs, and educational equipment). |
| 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 regular loan application form with signatures of co-makers if needed. |
|
5. Any proof of enrollment or registration prior to availment. |
| Interest Rate |
10% |
| Maximum Amount |
P100,000.00 |
| Minimum Term |
1 month |
| Maximum Term |
48 months |
|
|
