"Ang Ayalang nagkakaisa, sa kaunlaran sama sama"
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- May 19, 2013
PROVIDENTIAL
Requirements
- Multi-Purpose Loan
- Duly filled-out loan application form
- Endorsement of Payroll & HR
- Offsetting of other loans is allowed
- Eligibility for renewal - 50% paid
- Processing time: Seven (7) working days from date of receipt from the company HR
Eligibility : Regular Employee
Minimum Share Capital : Php2,000
Loan Entitlement : Php5 x share capital
Loan Ceiling : Php149,999
Interest Rates : 1.5% per month straight line basis
Service Fee : Php1.5% of loan amount
Maturity : 2 years
Share Capital : Php5% of loan amount
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MULTI PURPOSE
Requirements
- Multi-Purpose Loan
- Duly filled-out loan application form
- Endorsement of Payroll & HR
- Renewal upon 50% repayment (can offset remaining balance of old providential loan)
- No offsetting of other loans
- Processing time: Seven (7) working days from date of receipt from the company HR
Eligibility : Regular Employee
Minimum Share Capital : Php50,000
Loan Entitlement : Php3x share capital
Loan Ceiling : Php300,000
Interest Rates : 2% per month straight line basis
Service Fee : Php0.5% of loan amount or P1,000 whichever is lower
Maturity : 4 years
Share Capital : Php0.5% of loan amount