REGULAR LOAN

AGRICULTURAL LOAN

To provide farmers access to formal credit that can finance their economic activities.

  • Co-Maker requirement: 1 to 2

CHECK REDISCOUNTING LOAN

To bridge the gap of payables and receivables through discounting of third party checks of an entrepreneur who is engaged in small and medium enterprises.

  • Max loanable amount is up to 80% of the total amount of the post-dated checks issued for rediscounting
  • Maximum term is up to 3 months
  • Deposit retention should be at least 2% of the amount of the third party pos-dated check
  • Co-Maker requirement: None

MICRO-ENTERPRISE LOAN

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

  • Loanable amount for Micro-Enterprise Loan Regular is P20,000 to P300,000, and P50,001 to P1,000,000 for Micro-Enterprise Loan Lite
  • Minimum loan term is 3 months, while max loan term is up to 24 months
  • Deposit counterpart for MEL Regular should be at least 20% to 50% of the loan amount approved, and 50% to 70% for MEL Lite
  • Co-Maker requirement: 1 to 2

PROVIDENTIAL LOAN

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

  • Max loanable amount is up to P500,000
  • Minimum term is 3 months, while maximum term is up to 36 months
  • Deposit counterpart should be at least 20% to 50% of the loan amount approved, depending on the membership classification
  • Co-Maker requirement: 1 to 2
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