Educational Loan
EDUCATIONAL LOAN |
OLD MEMBERS |
NEW MEMBERS |
| MAXIMUM LOANABLE AMOUNT |
Net Pay 4,751 -5,000 P 25,000.00 Net Pay 7,251 -7,500 75,000.00 |
P 10,000.00 –initial loan P 35,000.00 – members for at least 18 months |
|
INTEREST PENALTY PROCESSING FEE |
8 % p.a. 1% p.a. P 300.00 |
8 % p.a. 1% p.a. P 300.00 |
| OTHER CHARGES | Premium Insurance which will depend on the amount of loan | Premium Insurance which will depend on the amount of loan |
| TERM OF LOAN |
24 MONTHS – 10,000.00 to 25,000.00 36 MONTHS- 30,000.00 to 75,000.00 |
24 MONTHS – 10,000.00 to 25,000.00 36 MONTHS- 30,000.00 to 35,000.00 |
| MODE OF PAYMENT | Straight Amortization thru payroll deduction | |
