1.1. Loan Amount: 10% of Paid-Up Share Capital, maximum of P2,500.00
1.2. Term: 1 Month
1.3. Interest Rate: 5%
1.4. Other term & condition: Interest deducted from the proceed of the loan
2. GROCERY LOAN
2.1. Loan Amount: 20% of the Paid-Up Share Capital
2.2. Term: 1 Month
2.3. Interest Rate: 3.5%
2.4. Other term & condition: Interest deducted from the proceed of the loan
3. REGULAR/PERSONAL LOAN
3.1. Loan Amount: 50% of the Paid-Up Share Capital
3.2. Term: 3, 6, 9 or 12 months
3.3. Interest Rate: 9% per annum
3.4. Other Finance Charges
3.4.1. Service Fee: 1% of Loan Amount
3.4.2. Credit Redemption Insurance (CRI): 1% of Loan Amount
3.4.3. Capital Build Up (CBU): 5% of Loan Amount
3.5. Other term & condition: Interest deducted from the proceed of the loan
4. DEVELOPMENT/ PRODUCTIVITY LOAN
4.1. Loan Amount: 100% up to three (3) time of the Paid-Up Share Capital, maximum of P150,000.00
4.2. Term: 3, 6, 9, 12 up to maximum of 24 months
4.3. Interest Rate: 12% per annum
4.4. Other Finance Charges
4.4.1. Service Fee: 1% of Loan Amount
4.4.2. Credit Redemption Insurance (CRI): 1% of Loan Amount
4.4.3. Capital Build Up (CBU): 3% of Loan Amount
4.5. Other terms & conditions
4.5.1. The Borrower must not have any other outstanding loans;
4.5.2. Any loan amount more than the share capital of the Borrower requires co-maker/s and/or collateral/s to cover the loan in excess of the share capital;
4.5.2. Any loan amount more than the share capital of the Borrower requires co-maker/s and/or collateral/s to cover the loan in excess of the share capital;
4.5.3. Accepted collaterals are Transfer Certificate Title (TCT), Official Receipt & Certificate of Registration (ORCR) and/or Certificate of Time Deposit (CTD) of which the original copy shall be submitted to the FSCC for safekeeping upon approval of the loan;
4.5.4. Interest for the applied term can be deducted from the proceed of the loan or to be paid in equal installments along with the principal amount at the discretion of the borrower; and
4.5.5. Co-maker/s shall not have any outstanding loan obligations equivalent to the unsecured loan amount applied by the Borrower.
4.5.5. Co-maker/s shall not have any outstanding loan obligations equivalent to the unsecured loan amount applied by the Borrower.
NOTE: The Minimum Paid-Up Capital of P10,000.00 must be paid in order to avail the Credit Services of FSCC and must be an active member in good standing.
5. CALAMITY LOAN
5.1. Loan Amount: 50% of the Paid-Up Share Capital
5.2. Term: 3, or 6 months
5.3. Interest Rate: 6% per annum
5.4. Other Finance Charges
5.2. Term: 3, or 6 months
5.3. Interest Rate: 6% per annum
5.4. Other Finance Charges
5.4.1. Service Fee: 1% of Loan Amount
5.4.2. Credit Redemption Insurance (CRI): 1% of Loan Amount
5.4.3. Capital Build Up (CBU): 5% of Loan Amount
5.5. Other term & condition: Interest can be deducted from the proceed of the loan or to be paid in equal installments along with the principal loan amount at the discretion of the borrower.
5.4.2. Credit Redemption Insurance (CRI): 1% of Loan Amount
5.4.3. Capital Build Up (CBU): 5% of Loan Amount
5.5. Other term & condition: Interest can be deducted from the proceed of the loan or to be paid in equal installments along with the principal loan amount at the discretion of the borrower.
