Multi-Purpose LOAN
MULTI-PURPOSE LOAN |
OLD MEMBERS |
NEW MEMBERS |
| MAXIMUM LOANABLE AMOUNT |
Net Pay 7,251 -7,500 P 100,000.00 Net Pay 9,751-10,000 150,000.00 Net Pay 12,251 and above 200,000.00 |
P 10,000.00 –initial loan P100,000.00- 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 |
36 MONTHS- 35,000.00 to 100,000.00 48 MONTHS- 105,000.00 to 150,000.00 60 MONTHS- 155,000.00 to 200,000.00 |
36 MONTHS OR 3 YEARS |
| MODE OF PAYMENT | Straight Amortization thru payroll deduction | |
