Promo Mechanics:

  • Promo Period shall be from November 15, 2023 to December 31, 2023.
  • Promo Loan is open to all new and existing members in good credit standing. This loan shall be a no co-maker loan but subject to the existing Credit Policy on loan availments.
  • Loanable amount is Php20,000 – Php30,000 payable in a maximum term of four (4) months. If the member opts to shorten the term, he/she may do so.
  • Interest rate shall be 15% p.a.
  • Handling Fee shall be 1% of the principal loan amount.

For New Members:

  • To reach the fixed non-withdrawable capital contribution ceiling amount of Php10,000.00, Php9,000.00 will be deducted from the member’s loan proceeds.

For Existing Members:

  • Existing members can also avail of the promo loan as long as within the Single Borrower’s Limit and 60/40 ruling. The maximum loanable amount shall only be Php30,000.00.