Instant Loan
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
Minimum loan term is 3 months, while max loan term is up to 60 months
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Loan Against Preferred Deposit
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
Minimum loan term is 3 months, while max loan term is co-terminus to the maturity date of the Preferred Deposit
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Loan Against Time Deposit
To extend additional credit accommodation to a member who has a Time Deposit placement(s) maintained in Oro Integrated Cooperative.
Maximum loanable amount is up to 90% of the total amount of the Time Deposit placement is maintained in OIC
The minimum loan term is 3 months, while max loan term is co-terminus to the maturity date of the Time Deposit
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Show Money Loan
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).
Minimum loanable amount: One Hundred Thousand Pesos (P100,000)
Maximum loanable amount: Ten Million Pesos (P10,000,000)
Minimum term: One (1) month
Maximum term: Twelve (12) months
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Farmer’s Assistance for Side Dressing & Subsistence (FASS) Loan
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
Minimum loanable amount: Seven Thousand Pesos (P7,000)
Maximum loanable amount: Fifteen Thousand Pesos (P15,000)
Minimum term: One (1) month
Maximum term: Ten (10) months
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Petty Cash Loan
To extend additional credit accommodation to an existing member who has proven its credit-worthiness with the cooperative
Minimum loanable amount: Seven Thousand Pesos (P7,000)
Maximum loanable amount: Twenty Thousand Pesos (P20,000)
Minimum term: One (1) month to 10 months term
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Rice Loan
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)
Term:
NON-FARMER MEMBERS – The maximum term of payment of Rice loan shall be one (1) month.
FARMER MEMBERS – The maximum term of payment of Rice loan shall be two (2) months.
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Allotment Loan
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.
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.