Salary Loan Plus
To offer a regular loan that caters to the member-borrower’s financial needs for personal use or consumption
LOAN AGAINST MID-YEAR/ YEAR-END BONUSES, PBB, PEI, LCA &PTA
a)A member–the borrower can apply for a loan against midyear/ year-end bonus with a maximum loanable amount of ninety percent (90%) of the expected bonus.
b)Salary Loan Plus window must NOT BE DELINQUENT from the time of the Mid-Year or Year-End Bonus loan application
c)The Loan Against Bonuses can be availed simultaneously with the new SLP.
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Salary Loan Plus Regular – OIC Employees
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.
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Salary Loan Regular
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).
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.
Vehicle Financing Loan – Personal Use
To cater the needs of our member-borrower in need of Vehicle for business use.
Member must be between 18 to 69 years old, with visible means of income either through employment for at least two (2) years with a status of permanent/regular;
With a reliable source of income either through employment in a company/entity/institution or must own a legitimate business or have other sources of income or payment that can be validated;
Maximum loanable amount:
Brand New Vehicles – 2,000,000
Second-hand from the Owner and Display – P1,500,000
Surplus Reconditioned – P1,000,000
Term:
Brand New – 60 Months
Display/ Second Hand – 48 Months
For further details, please visit our website at www.orointegrated.coop and navigate to the Contact Us menu.