| Loan Product |
Regular Loan - Long Term |
| Description |
|
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1. Availed by regular members in good standing and has no record of deliquency for the last twelve(12)months. |
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2. A member who avails of this loan can no longer avail of the regular loan. |
| Loan Purpose |
This aims to expand the cooperative's service by increasing the loanable amount with longer payment scheme for house construction, lot acquisitiion , car acquisition and other needs requiring large amout of money. |
| Requirements |
|
|
1. Must have atleast twelve(12)months cointinous deposit of share capital. |
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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. Completely filled-out loan application form. |
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5. Titled real estate property under the name of the member. If the title is not under the name of the member, a Special Attorney (SPA) is required as a proof that the owner allows the member to use the property as a colltaeral and it should duly specify duration of loan. |
| Interest Rate |
10% |
| Maximum Amount |
Share Capital +80% of collateral. |
| Minimum Term |
1 month |
| Maximum Term |
36 to 120 months |
|
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