1. SECURED BUSINESS LOAN
The types of businesses that may be financed by this loan are manufacturing, service industries, retail, purchase or development of real estate for commercial uses, and a variety of other operational or working capital purposes. It has a variable rate of interest depending on the prevailing market interest rate.
2. RICE MILLER'S LOAN
It is open to members engaged in rice and feed milling/trading. The proceeds of loans may be used as revolving capital or to finance the purchase of lot and machineries assistance in construction of a rice mill and purchase of existing rice mill.
3. BUILD-A-HOME LOAN
The loan proceeds will be used to finance construction, major renovation or extension of a house or purchase of house and lot for residential purposes.
4. OWN-A-CAR LOAN
This loan is intended to finance purchase of brand new vehicle.
5. DREAMLAND LOAN
This loan package is intended to finance purchase of prime lots. Prime lots are those properties with direct access to the main road that are considered highly developed.
6. BACK-TO-BACK is secured by Time Deposit (TD) or unencumbered Savings Deposit
The amount of loan shall in no case exceed ninety percent (90%) of the member-borrower's unencumbered Time Deposit (TD) or unencumbered deposit.
The loan is excempted from co-makers and is generally released on the same day that the loan is filed, subject to availability of funds.
