To offer an “easy-access” loan up to 90% of the face value of the member’s total uncommitted regular savings deposit and or compulsory savings deposit and common share capital that caters the liquidity needs of a member-borrower.

Max loanable amount is up to 90% of the total uncommitted Regular Savings, Compulsory Savings Deposit, and Share Capital.

For more information. Please visit our website www.orointegrated.coop under Contact Us menu.

To extend additional credit accommodation to members who have Preferred Deposit placement(s) maintained in Oro Integrated Cooperative

Maximum loanable amount is up to 90% of the total amount of the Preferred Deposit placement maintained in OIC

For a visa application purposes to visit, study, or live abroad:
a) Any individual who is applying for a visa to visit, study, or live abroad and is in need of proof of funds or certificate of deposit(s) as part of the requirement.
b) Applicant must have no existing loan with OIC from the time of application.

As financial guarantee (Contractor’s Bond) for contractors:
a) Business ownership must be sole proprietorship or partnership and corporation.
b) Applicant must be a shareholder of the corporation.
c) The existing business must be operating for at least three (3) years and profitable for the latest two (2) years.
d) Must have no combined outstanding debt from the cooperative or other institutions that exceed forty cents (40%) of the member’s Adjusted Debt Capacity Ratio (ADCR).

This is an all-purpose short-term privilege loan primarily to provide funds to a farmer-members in good standing, intended for farm side-dressing or personal consumption, or other non- income generating activities or for productive purposes.

Must be a Full Fledged Farmer-Member
Must have two Agricultural loans or must an OIC member for 1 year

To provide the member access to a maximum of two (2) sacks of rice through credit for personal consumption.

Maximum loanable amount: Equivalent to the value of one (1) sack of rice of good quality but must not exceed Two Thousand Five Hundred Pesos (P2,500.00)

This is an all-purpose loan that primarily aims to provide funds to a member intended for personal consumption, non-income generating activities or productive purposes.

Maximum loanable amount: One Hundred Fifty Thousand Pesos (P150,000)

The term of the loan will be co-terminus with the remaining months of the existing contract of the seafarer, less than one month.

To offer a regular loan that caters to the employee’s financial needs for personal use or consumption

Must be working in Oro Integrated Cooperative as a regular employee for at least one (1) year;
Must not exceed the age of 60 years old from the time of the loan application;
Must be employed on a regular or permanent status prior to the loan application;
Must not have below 20% mandatory net take home pay after the deduction of loan.

Maximum loanable amount and term:
1 – 5 Years – P150,000.00 – 36 months
5 Years and above – P300,000.00 – 60 months

Deposit counterpart: Twenty percent (20%) of the loan amount approved regardless of the employee’s membership classification.

Co-maker: Two (2)

To offer a regular loan that caters to the member-borrower’s financial needs for personal use or consumption

Must be presently employed with a permanent/regular status and is receiving a basic monthly pay or daily wage in a private organization or government agency for at least one (1) year;
Or must be presently employed with a contractual/casual status and is receiving a basic monthly pay or daily wage in a private company or government agency for at least one (1) year;
Payroll must be through ATM issued by the private organization / Government agency accredited banks;
Must have a net take home pay of at least P4,000.00 for government agencies and 20% of the monthly basic salary for the private institution;
Residence or work must be situated within the serviceable area of OIC (maximum 100 km. radius from the servicing branch).

Maximum loanable amount:
REGULAR EMPLOYEE: Up to One Hundred Fifty Thousand Pesos (P150,000).
The loan amount granted to a member-borrower must not exceed 60% of the average monthly net take-home pay multiplied by the number of monthly amortizations.

CASUAL EMPLOYEE: Up to Twenty Thousand Pesos (P20,000) regardless of the number of salary loan cycles availed.

Term: REGULAR EMPLOYEE
1. Minimum term of three (3) months and a maximum term of Twelve (12) months.
2. Minimum term of three (3) months and a maximum term of twenty-four (24) months

Term: CASUAL EMPLOYEE
1. Equal to or less than the remaining months of the recent employment contract but not to exceed six (6) months per loan cycle.
2. For Regular Agency based Employees: Minimum term of three (3) months and a maximum term of Twelve (12) months.

Deposit counterpart: Twenty percent (20%) of the loan amount approved regardless of the employee’s membership classification.

Co-maker: Two (2)

To offer a regular loan that can provide the funds needed by the member for purchase of a motorcycle

Member must be engaged in business / self-employed with at least two (2) consecutive profitable years of operation who can meet the agreed-upon amortization;
The residence, work, or businesses of the member must be situated within the serviceable area of OIC (maximum 100 km radius from the servicing branch).

Maximum loanable amount: P200,000

Minimum term: 6 Months
Maximum term: 36 Months

Deposit counterpart: Twenty percent (20%) of the loan amount approved regardless of the employee’s membership classification.

Co-maker: Two (2)

To offer a regular loan that caters to the member’s financial needs for personal use or consumption

Eligibility: Full-fledged OIC Members

Maximum loanable amount:
Education – P200,000
Appliances – P150,000
Gadget – P100,000
Hospitalization (Medical) – P200,000
Consumption/ Leisure/Recreational Activities – P100,000
Minor House Repair – P500,000
Others – P500,000

Term:
Education – 12 Months
Appliances – 24 Months
Gadget – 12 Months
Hospitalization (Medical) – 24 Months
Consumption/ Leisure/Recreational Activities – 12 Months
Minor House Repair – 36 Months
Housing improvement and another Major improvement/renovation – 60 Months
Others – 36 Months

Deposit counterpart based on Membership Classification:
Class AA 20% of the loan amount approved
Class A 25% of the loan amount approved
Class B 30% of the loan amount approved
Class C 35% of the loan amount approved

Co-maker: Two (2)

This is a loan that primarily aims to help finance a member’s various housing needs, from a home purchase or building a new home, renovation, improvement, to purchasing a condominium unit.

Eligibility:
1. All full-fledged members with a membership classification of AA, A, or C at the time of application.
2. Or engaged in business / self-employed with at least two (2) consecutive profitable years of operation who can meet the agreed-upon amortization;
3. Who needs home financing and other purposes as described in this policy;
4. The residence, work, or business of the member must be situated within the serviceable area of OIC (maximum 100 km. radius from the servicing branch).

Maximum loanable amount:
FOR HOUSE / BUILDING CONSTRUCTION

The maximum loanable amount is Fifteen Million Pesos (P15,000,000.00) for residential and P65,000,000.00 for commercial.

FOR LOT PURCHASE ONLY

The maximum loanable amount for the commercial lot is Fifty Million Pesos (P50,000,000.00), the maximum loanable amount for the residential lot is Twenty Million Pesos (P20,000,000.00) and for the Agricultural Lot maximum loanable amount is Fifteen Million Pesos (P15,000,000.00).

FOR HOUSE AND LOT PURCHASE

The maximum loanable amount is Fifteen Million Pesos (P15,000,000.00).

FOR CONDOMINIUM PURCHASE

The maximum loanable amount is Three Million Pesos (P3,000,000).

FOR HOUSING LOAN EQUITY

The maximum loanable amount is Five Hundred Thousand Pesos (P500,000)

HOUSING AND OTHER MAJOR IMPROVEMENT/RENOVATION

A minimum of Five hundred thousand and one pesos (P500,001.00) maximum loanable amount is Five Million Pesos (P5,000,000.00).

Term:
FOR HOUSE / BUILDING CONSTRUCTION -120 Months

FOR LOT PURCHASE ONLY – 96 Months

FOR HOUSE AND LOT PURCHASE – 120 Months

FOR CONDOMINIUM PURCHASE – 60 Months

FOR HOUSING LOAN EQUITY – 24 Months

HOUSING AND OTHER MAJOR IMPROVEMENT/RENOVATION – 60 Months

Co-maker Requirement:
Class AA, A – One (1)
Class B, C – Two (2)

Deposit requirements:
Fully Secured loan – 15%
Partially Secured loan – 20%
Lot Purchases – 20%

To help enterprising member-entrepreneur improve their business through the access of additional working capital or funds for asset acquisition and expansion to be used for the enterprise.

Eligibility:
Any individual 18 – 69 years old who is the legal owner of the business in each category Micro, Small, Medium and Large Enterprise.
1. Must be a full-fledged member and has undergone loan counseling before availment of any loan products.
2. Must have a good credit standing in other financial institutions;
3. The business must be situated within the serviceable area of OIC (maximum 100 km. radius from the servicing branch);
4. Can provide collateral such as real estate property or vehicle of value sufficient to secure the loan and acceptable to the cooperative;

Maximum loanable amount:
Small Enterprise
1. Minimum Loanable Amount –P3,000,001.00
2. Maximum Loanable Amount –Php 15,000,000.00

Medium Enterprise
1. Minimum Loanable Amount –P15,000,001.00
2. Maximum Loanable Amount –P100,000,000.00

Term:
Credit Line – 12 months
Permanent Working Capital – 36 months
Acquisition/ Renovation of a fixed asset – 60 months
Building Renovation/Expansion of Business – Maximum of sixty (60) months inclusive of one (1) year grace period.

Co-maker Requirement:
Class AA, A – One (1)
Class B, C – Two (2)

Deposit requirements:
Class AA – 20%
Class A – 25%
Class B – 30%
Class C – 35%
Class D – 50%

To help enterprising member-entrepreneur improve their business through the access of additional working capital or funds for asset acquisition and expansion to be used for the enterprise.

Eligibility:
Any individual 18 – 69 years old who is the legal owner of the business in each category Micro, Small, Medium and Large Enterprise.
1. Must be a full-fledged member and has undergone loan counseling before availment of any loan products.
2. Must have a good credit standing in other financial institutions;
3. The business must be situated within the serviceable area of OIC (maximum 100 km. radius from the servicing branch);
4. Can provide collateral such as real estate property or vehicle of value sufficient to secure the loan and acceptable to the cooperative;

Maximum loanable amount:
Small Enterprise
1. Minimum Loanable Amount –P3,000,001.00
2. Maximum Loanable Amount –Php 15,000,000.00

Medium Enterprise
1. Minimum Loanable Amount –P15,000,001.00
2. Maximum Loanable Amount –P100,000,000.00

Term:
Credit Line – 12 mos
Permanent Working Capital – 36 mos
Acquisition/ Renovation of a fixed asset – 60 mos
Building Renovation/Expansion of Business – Maximum of sixty (60) months inclusive of one (1) year grace period.

Co-maker Requirement:
Class AA,A – One (1)
Class B, C – Two (2)

Deposit requirements:
Credit Line – 15%

Permanent Working Capital –
15%
Acquisition/ Renovation of Fixed Asset
20%

To help enterprising member-entrepreneur improve their business through the access of additional working capital or funds for asset acquisition and expansion to be used for the enterprise.

Eligibility:
Any individual 18 – 69 years old who is the legal owner of the business in each category Micro, Small, Medium and Large Enterprise.
1. Must be a full-fledged member and has undergone loan counseling before availment of any loan products.
2. Must have a good credit standing in other financial institutions;
3. The business must be situated within the serviceable area of OIC (maximum 100 km. radius from the servicing branch);
4. Can provide collateral such as real estate property or vehicle of value sufficient to secure the loan and acceptable to the cooperative;

Loanable amount:
Minimum Loanable Amount – P1,000,000.00
Maximum Loanable Amount – P 5,000,000.00

Term:
12 months

Co-maker Requirement:
Class AA,A – One (1)
Class B, C – Two (2)

Deposit requirements:
15%

To increase support and provide additional working capital to local micro-entrepreneurs and help expand their enterprise

Eligibility:
1. Business ownership must be sole proprietorship or partnership
2. Must be a shareholder of the corporation
3. The business must have a capitalization or equity of not more than One Million Pesos (P 1,000,000);
4. The business must be legal and operating for at least two (2) years and profitable for the latest one (1) year;

Loanable amount:
Minimum Loanable Amount – P20,000.00
Maximum Loanable Amount – P300,000.00

Term:
Minimum of 3 Months
Maximum of 24 Months

Co-maker Requirement:
Class AA,A – One (1)
Class B, C – Two (2)

Deposit requirements:
Upon payment of atleast 50% of the loan principal

A privilege Loan that can only be extended to member borrowers if it provides their enterprise an opportunity to grow

Eligibility:
1 The member borrower must not be delinquent from the time of application until the Additional Loan is approved and disbursed.
2. The member borrower must have paid at least six (6) monthly amortizations of the existing loan PRI before application for an Additional loan; 3. The member borrower must have the capacity to pay the Additional Loan based on the cash-flow analysis conducted by the Cooperative

Loanable amount:
The maximum amount to be granted to a member borrower who is applying for an Additional Loan must be equal to or less than the paid principal amount of the existing loan and must not exceed the aggregate amount of the original loan.

Term:
The minimum term of payment of an additional loan shall be at least three (3) months or must be co-terminus to the term of the existing regular loan.

Co-maker Requirement:
Class AA, A – One (1)
Class B, C – Two (2)

Deposit requirements:
20%

To accommodate cheque discounting to qualified member-borrower

Eligibility:
1. Must not be delinquent at the time of application if with the existing loan until the Check Rediscounting Loan is approved and disbursed.
2. Must have receivables in the form of third-party post-dated checks issued to the order of the member borrower for Check Rediscounting.
3. Must not be delinquent at the time of application if with the existing loan until the Check Rediscounting Loan is approved and disbursed

Loanable amount:
The maximum loanable amount is EIGHTY PERCENT (80%) of the total amount of the post-dated checks issued corporation/company/ Cooperatives for rediscounting but not to exceed Four Million Pesos (P4,000,000).

Term:
The loan shall have a term co-terminus to the maturity date of the post-dated checks issued by the corporation / company / cooperative from thirty (30) days but not to exceed ninety (90) days.

Co-maker Requirement:
Class AA, A – One (1)
Class B, C – Two (2)

Deposit requirements:
2% of the amount of the third-party post-dated check. This amount shall be collected only after the check is cleared by the bank.

To cater to the needs of our member-borrower in need of a Vehicle for business use.

Eligibility:
1. Must be a full-fledged member and have undergone loan counseling before availment of any loan products.
2. Must have a good credit standing in other financial institutions;
3. The business must be situated within the serviceable area of OIC (maximum 100 km. radius from the servicing branch);
4. Can provide collateral such as real estate property or vehicle of value sufficient to secure the loan and acceptable to the cooperative;
5. Must have a legitimate source of income

Loanable amount:
Vehicle Brand New – up to 90% of the purchase price or max of 10 units
Surplus/Re-conditioned – up to 80% of cash list but not to exceed P 3,000,000
Second hand on display – up to 70% of the appraised value
Second hand from the owner – up to 50% of the appraised value

Term:
The loan shall have a term co-terminus to the maturity date of the post-dated checks issued by the corporation/company / cooperative from thirty (30) days but not to exceed ninety (90) days.

Co-maker Requirement:
Class AA, A – One (1)
Class B, C – Two (2)

Deposit requirements:
Minimum deposit counterpart – 15%
Maximum deposit counterpart -50%