Purpose
- Equity component of member’s car loan.
Requirements
- Loan Application Form
- Quotation or official receipt of car.
Loan Entitlement: 5 x equity
Loan Ceiling: P200,000.00
Service Fee: P200.00 or 0.5% whichever is higher.
Retention Fund: 10%
Maximum Term: 36 months
Diminishing Interest Rate: 18% p.a.
Effective Interest Rate: 0.83% per month
Co-Makers Needed: 2
Estimated Processing Time: 7 working days from receipt of loan application form.
