Educational Loan

GUIDELINES:

1.  Members in good standing with existing loans can avail of the educational loan.

2.  Loanable amount - x 4 of the share capital or maximum of P100,000.00.

3.  Terms of payment - maximum of two (2) years.

4.  Interest Rate:

• Ten (10%) percent

5.  Service fee                            =  Two (2%) percent pre-deducted.

6.  Subscription Receivable  =  Two (2%) percent pre-deducted.

7.  Requirements:

• Latest enrollment / assessment form
• Official receipt (if tuition fee has been paid in advance)
• Proof of billing
• Co-maker
• Lates month-end payslip
• Net take home pay - P2,000.00

8.  Re-loan period:

• Any given time (effective July 1, 2011).