| Loan Product |
Regular Loan |
| Description |
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1. All existing loans shall be deducted from the proceed of this loan, however, the member has the option to retain all SPECIAL LOANS availed and shall not to be deducted from the proceeds of this loan to let the member enjoy the rate of the special loan/s availed. |
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2. Re-loan shall be after one(1)year of continous payment. |
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3. Three (3) to Five(5) days processing. |
| Loan Purpose |
Financial assitance for the members' provident and productive use. |
| Requirements |
|
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1. Must have atleast 3 months continous deposit of capital build up. |
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2. Copy of latest two(2)pay slips for Member A. |
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3. Share Capital Passbook. |
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4. Complete filled-out regular loan application form with signatures of co-makers needed if loan amount applied is more that the capital build up. |
| Interest Rate |
10% |
| Maximum Amount |
|
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More than 1 year of membership - x3 of share capital. |
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Three(3mos.) to one (1) year of membership - x2 of share capital |
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Less than one(1 year) from the approval of membership - Equal to the amount of capital build up . |
| Minimum Term |
1 month |
| Maximum Term |
36 months |
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