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

  • Deposit counterpart should be at least 90% of the combined Regular Savings, Compulsory Savings Deposit, and Share Capital

  • Co-Maker requirement: None

  • Documentary Requirements: Accomplished Instant Loan Application Form (1 copy), Accomplished Promissory Note duly signed by the member-borrower (2 copies; 1 for member for file), Regular savings passbook or ATM Savings Account)

Loan Against Preferred Deposit

To extend additional credit accommodation to members who have Preferred Deposit placement(s) maintained in Oro Integrated Cooperative
 
  • Max 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
  • Must have at least P2,000 Common Share and P1,500 Regular Savings
  • Co-Maker requirement: None

Loan Against Time Deposit

To extend additional credit accommodation to a member who has a Time Deposit placement(s) maintained in Oro Integrated Cooperative.

  • Max loanable amount is up to 90% of the total amount of the Time Deposit placement maintained in OIC
  • Minimum loan term is 3 months, while max loan term is co-terminus to the maturity date of the Time Deposit
  • Must have at least P2,000 Common Share and P1,500 Regular Savings
  • Co-Maker requirement: None
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