Capital Contribution
Backed Loan
Get cash in an instant using your Capital Contribution as collateral
INTEREST RATES
Requirements
- Duly accomplished application form and loan promissory note
- Duly accomplsihed authorization to debit
- Duly accomplished hold-out authority and waiver of confidentiality
- Photocopy of two (2) identification documents ID with picture and signature
- Capital Contribution Passbook
- Personal appearance of the account holder upon application
Terms and Conditions
- Maximum loanable amount shall be Capital Contribution balance less 20% of CC or Fixed Capital Contribution amount, whichever is higher.
- Discounted interest upon loan grant for one-time model of payment. Monthly interest for installment mode of payment is included in the monthly amortizations.
- Documentary Stamp Tax (DST) deducted in advance.
- Modes of Payment: Over the counter (OTC).
- Failure to pay the installment or one time payment on the contracted date shall result in the automatic deduction on the Capital Contribution Account.
