Petty Cash Loan
| Loan Product | Petty Cash Loan |
|---|---|
| Description | |
| 1. Can be availed by members with one year of membership | |
| 2. Filing fee is Php 100.00 | |
| 3. Loan amount is outside the share capital | |
| 4. Must be fully paid before re-loaning | |
| Loan Purpose | Quick financial support for any unforeseen events that needs small amounts (i.e., pay bills, buy medicines, etc.) |
| Requirements |
| For Member A: | For Member B and C: |
|---|---|
| 1. One-month pay slip | 1. Consolidated loan amount must be within 100% of the share capital |
| 2. With four (4) co-makers (if outside share capital) | 2. Share capital passbook |
| 3. Share capital passbook | |
| 4. Take home pay must not be less than Php 3,500.00 |
| Interest Rate | |
|---|---|
| 3% per annum | |
| Maximum Amount | |
| Php 15,000.00 | |
| Minimum Term | 1 month |
| Maximum Term | 4 months |