Necessary Requirements for Loan Application

Requirements in applying for a loan:

•Biodata with residence sketch for inspection
•Loan Application with Promisory Note
•Mortgage Contract if loan is with collateral
•Pay slip / income tax return if employed
•Special Power of Attorney in the absence of spouse
•Financial Statement
•Co-maker (Optional)
• 4 pcs 1x1 or 2x2 ID picture
•Photocopy of PMES Certificate 
•Latest Community Tax Certificate (Cedula) 


ØDeposit Account:

ØP5,000-for Real Estate Mortgage P100T & up
ØP2,500-for Real Estate Mortgage below P100T
ØP3,000-for Allottee Loan
ØP2,500-for Salary Loan
ØP2,000-for Chattel Mortgage, SLA & Institutional Loan
ØP1,500-for Pension
ØP1,000-for Micro-Finance Loan with PDC
Ø500.00 for  Non-Collateral Loan

ØPurchases at Consumer Store:

 Ø P500.00 for members residing in Tagbilaran City
 Ø 300.00 for members residing outside Tagbilaran City


 Brand New Vehicle Financing:

•10% down payment
•Php 30,000 share capital deposit
•Comprehensive coverage
•Php 1.8M - maximum amount
•5 years to pay – 6.5% /annually

  
Requirements for Micro-Finance Loan: 


•Granted to regular members engaged in small business
•Photocopy of the Mayor’s Permit for the last 6 months        
•Barangay Clearance                                                           
•Business is operational at the time of application                     
•Interest charges/terms of payment – same as Regular Loan


          Requirements for Salary Loan:

•Loan application duly signed by member/borrower
•ATM Card with PIN #
•Bank Statement ( if the salary is thru ATM)
•MOA & Certification from the employer if payment is through payroll deduction
•Maximum amount of 200,000 ( always based on the capacity to pay of the borrower)         

   
 Requirements for Allottee  Loan:

•Loan application duly signed by member/borrower
•Employment Contract
•Bank Statement 
•Allottee Slip
•ATM Card with PIN number
•Maximum amount of Php150,000.00 ((based on the
  capacity to pay of the borrower)
•Photocopy of valid ID with signature of the sender
•Terms of payments depend on the contract

     


 Requirements:  Appliance Loan 

•Loan application duly signed by member/ borrower
•Price Quotation   
•Maximum amount 50,000.00 
•Fixed Deposit of 5,000.00      
•Payment will be made directly to the supplier
•no processing fee  
•will not be subjected to encumbrance   
•borrower has to execute chattel mortgage 




  Heavy Equipment Loan:  

•Loan application duly signed by member/ borrower
•Collateral-REM
•Interest Rate – 1% per month diminishing balance
•Terms of Payment – five (5) years maximum
•Maximum amount of P1.5M ( always based on the capacity to pay of the borrower)


                  Insurance  Loan:  

•Purposely for the renewal of the registration of members' motorcycles or motor vehicles or for comprehensive insurance coverage.
•Maximum amount is Php 35,000.00 (depending on the estimated expenses for registration.
•Interest rate is same as regular loan.