Loan Products

Productive Loan

Loan product for members engaged in different business whether micro or large category, except agricultural purposes;
Maximum loanable amount is Php10M with a diminishing interest depending on the collateral offered;
Term of payment is up to a maximum of 5 years, with a mode of payment of either daily, weekly or monthly;
Can be granted as second loan by a financially capable member in good standing.

Loan product that aims to provide or augment financial assistance to members in times of need to finance non-productive requirements such as hospitalization, minimal to extensive home repairs, educational expenses, settlement of loan obligation to another institution or individual person, and others;
Maximum loanable amount is Php500,000.00 with a diminishing interest depending on the collateral offered;
Term of payment is up to a maximum of 2 years, with a mode of payment of either daily, weekly or monthly;
It can also be granted as second loan to a member-in-good-standing.

Loan granted for agricultural purposes
Maximum loanable amount is Php2M with a diminishing interest depending on the collateral offered;
Term of payment is up to a maximum of 3 years, with a mode of payment of either monthly or lump sum;
It can also be granted as second loan to a member-in-good-standing.

Credit product that aims to finance purchase of light to heavy motorized vehicle like car, SUV, motorcycle, and others;
It can finance up to Php2M with a diminishing interest depending on the security offered;
Term of payment is up to a maximum of 5 years, with a mode of payment of either daily, weekly, or monthly;
It can also be granted as second loan by a financially capable member in good standing.

Loan that may be applied to support real estate acquisition or improvements such as purchase of a parcel of land, house and lot, townhouse or condominium unit; asset which is disposed through public bidding or may be a rent to own program, construction, renovation or completion of a residential unit on a lot owned by a member, construction of a residential unit or business, land improvement or retrofitting of building;
Maximum loanable amount is Php10M with a diminishing interest depending on the collateral offered;
Term of payment is up to a maximum of 7 years, with a mode of payment of either daily, weekly, or monthly.
Can also be granted as second loan by a financially capable member in good standing.

Can be availed by a member who is in dire need of financial assistance due to emergencies such as hospitalization, accident of member or immediate family, death of immediate family and other life-threatening emergencies;
Maximum loanable amount is equivalent to 2x of share capital with a monthly interest rate of 2%;
Term of payment is 1 year, with a mode of payment of either daily, weekly, or monthly;
First payment will start 60 days after loan release.

Can be availed when a member is in dire need of financial assistance due to government declared natural and man-made disasters;
Maximum loanable amount is P10,000.00 with an interest rate of 12p.a.%;
Term of payment is 1 year, with a mode of payment of either daily, weekly, or monthly;
First payment will start 60 days after loan release.

Can be availed by government employees (permanent and appointed (co-terminus), elected Officials of Barangay with approved budget and regular employees of a private institution;
For existing members, maximum loanable amount is equivalent to 18 months’ honorarium for elected barangay officials/ or appointed employees;
For new members, maximum loanable amount is Php 50,000.00 with 15% fixed interest rate per annum.

This loan product is intended to finance immediate needs that are providential in nature such as;

Short-term loan product that aims to augment capital of members that belong to Micro and Small Enterprise (MSEs) without the need for collateral.
This product is available for MIGS who has very satisfactory loan record (no delays on payment and full term exhausted) for at least 3 loan cycles.