Written by Administrator Monday, 21 March 2011
Appliance and Gadget Loan
1. Members in good standing with existing loan can avail of the appliance and gadget loan.
2. Loanable amount - x 4 of the share capital or maximum of P75,000.00.
3. Terms of payment - maximum of Two (2) years.
4. Interest rate:
- 1 year - Ten (10%) percent
- 2 years - Twelve (12%) percent
5. Service fee - Two (2%) percent pre-deducted
6. Subscription Receivables - Two (2%) percent pre-deducted
- Price quotation from the store/dealer.
- Proof of billing
- Latest month-end payslip
- Net take home pay - P2,000.00
8. Re-loan period:
- Any given time (effective July 1, 2011).