Multi-Purpose Loan
Requirements
- Loan application approve by the HR
- Offsetting of other loans is allowed
Eligibility
Company’s loan eligibility will prevail.
- Maximum Loan Amount: Php 400,000
- Maturity: 4 years
- Loan Entitlement: 3x of Share Capital
- Minimum Share Capital: Php 50,000
- Interest Rate: 2% per month
- Service Fee: 0.5% of loan or Php 100 which ever is higher
- Capital Build Up: 2.5% of loan amount
- Renewal Period: 50% paid
Processing Time
Seven (7) working days from date of receipt from the company HR