The Ayala Coop has raised the ante. The P1 million loan ceiling that it used to offer for any kind of loans has now been doubled to P2 million, and this will be good up to June 30, 2022.
Under the terms of this special offering, members may now avail themselves of a loan of up to P2 million under the Coop’s special multi-purpose loan program, with a one percent add-on rate per month it offers for a multi-purpose loan and with a similar maximum payment term of four years applicable to other loan products.
Other terms and conditions for standard loan products are also being applied for this special loan offering. These include the capital requirement of at least a third of the loan amount and the waiving of any supporting documents.
This P2 million loan offering is unprecedented, according to Ayala Coop General Manager Dina Orosa. Ms. Orosa said, however, that all who would want to avail themselves of this special loan promo would have to take advantage of the opportunity right away as the offer would be good only until the end of June this year.