Loans for members
For school fees, a store's stock, a roof before the rains. Fair interest, a schedule you can read, and part of every loan builds your own share capital.
Our loans
The rate, the longest term and the deductions are the same for every member. Nothing is hidden in the fine print.
12%a year
For any providential or productive need of a regular member; up to three times paid-up share capital.
Up to 3× your paid-up capital · one co-maker · member for 3 months.
10%a year
Quick cash for hospital bills, calamity or a death in the family; released the same day.
No share-capital ceiling · no co-maker · member for 3 months.
15%a year
For employed members, paid by payroll deduction or at the window on payday; up to twice paid-up capital.
Up to 2× your paid-up capital · one co-maker · member for 6 months.
12%a year
A refrigerator, a washing machine or a motorbike for work, paid over a year.
Up to 2× your paid-up capital · one co-maker · member for 6 months.
Calculator
An estimate from the coop's own rates. The credit officer gives you the exact schedule before you sign.
Diminishing balance: each month's interest is on what you still owe. You can borrow up to 3× your paid-up share capital. Needs one co-maker who is a member.
Monthly amortization
₱1,776.98
The capital build-up is not a charge: it is added to your own share capital and earns dividends.
How a loan is decided
At the window, or from the member portal. Say how much, for how long and what it is for.
Your share capital, your record with the coop, your co-maker. Nothing is decided by a stranger.
Members elected by the general assembly approve or decline, usually within the week.
Credited to your savings or paid in cash, less the deductions shown before you sign.
A payment missed by more than its grace days carries a penalty on the amount overdue. Every payment is applied to the penalty first, then interest, then principal, and your official receipt shows the split.