Special Emergency
Requirements
- Loan application approved by HR
- Reasons for availment: calamity, death, chronic diseases/ailments, fortuitous events
- Supporting document/attachment required
- Certification from HR that member’s company benefits have been exhausted or reason is not covered under company benefit
- No offsetting of regular loans and no past due
Eligibility
Company’s loan eligibility will prevail.
- Maximum Loan Amount: Php 50,000
- Maturity: 2 years
- Loan Entitlement: 5x of Share Capital
- Minimum Share Capital: Php 2,000
- Interest Rate: 5% on Diminishing
- Service Fee: Php 200
- Capital Build Up: None
- Renewal Period: None
Eligibility for Renewal
100% paid
Processing Time
Five (5) working days from date of receipt from the company HR