MEMBERS’ LOAN ELIGIBILITY
A. New Loan Application
A.1 For Loan Types:
- PERSONAL LOAN
- UNSECURED ENTERPRISE STARTER LOAN
- CASH ASSISTANCE LOAN
- EMERGENCY LOAN
New or first-time borrowers shall meet the following set requirements:
| Borrower’s Category | Share Capital (growth from balance upon membership) | Savings Deposits (Regular Savings, MPSP, Time Deposit)(growth from balance upon membership) | Other Conditions | Loanable Amount |
| Type A | Growth of 60% and above | Growth of 60% and above | With monthly deposits for at least six (6) monthsComplied with the Cs of credit | Up to 200% of share capital and savings deposit balance |
| Type B | Growth of 30%-59% | Growth of 30%-59% | With monthly deposits for at least six (6) monthsComplied with the Cs of credit | Up to 180% of share capital and savings deposit balance |
| Type C | Growth of 10%-29% | Growth of 10%-29% | With monthly deposits for at least six (6) monthsComplied with the Cs of credit | Up to 150% of Share capital and savings deposit balance |
| Type D | Growth below 10% | Growth below 10% | With monthly deposits for at least six (6) monthsComplied with the Cs of credit | Up to 100% of share capital and savings deposit balance |
Loanable amount is the maximum amount to be granted to the member-borrower, which could be lower down if one or more of the conditions are not met.
A.2 For Loan Types:
- Personal Loan with Salary and Allotment ATM card
- Pension Loan
- Barangay Official Loan Assistance
- Group Loan
- Special Employees Loan (Government and Private)
| Loanable Amount | Other Conditions |
| Up to 60% of monthly salary/pension/honorarium proceeds | Complied with the Cs of creditMonthly deposit of at least P100 for savings and P100 for share capital during monthly loan repayments (after loan release) |
B. LOAN RENEWAL
If member-borrowers are still not classified based on the Members’ Classification Policy, loan renewals for all loan types are subject to the following minimum requirements:
| Qualifications | Loan Entitlement |
| 1.Not delinquent in the previous loan (account does not fall 31-over 365 days in the aging of receivable) 2.Share Capital growth of at least 30% from the membership date from monthly build-up (retention from loan proceeds not included) 3.Savings Growth of at least 30% from the membership date from the monthly deposit (retention from loan proceeds not included) | Up to 50% increase from previous loan, subject to assessment based on Cs of credit. |