The maximum loanable amount is set at P500,000.00 or twenty four (24) months salary, whichever is lower, payable for a maximum of eight (8) years at an interest rate of 10% per annum, depending upon the capacity of the borrower to pay and submission of the required documents. Any member who availed of conso loan can only be granted a new loan after paying 25% of the existing loan. ( Additional factors in the computation of the loanable amount are the money value of leave credits, paid-in share capital and investments, if any)
Application Forms
Requirements
- Certification of net take home pay
- Certification of leave credits of at least 30 days and 60 days for those availing more than P100,00.00
- Signature of spouse
- Collateral/Submit origjnal copy of title
- Deed of conveyance/ Deed of undertaking