Thursday, October 8, 2009
With certain limitations, a member may avail of several loans at the same time depending on his capacity to pay, the collateral he can offer, and his classification. A member’s capacity to pay and the collateral he offer is subject to proper evaluation by the management and the Credit Committee. The classification is based on his track record as a member.
On the assumption that a member has the capacity to pay and can offer appropriate collateral, he can avail of the following loans in accordance with his classification, thus:
A. For Class A1+, A1 & A;
1. Regular Loans;
a. Productive Loan
b. Provident Loan
2. Regular Agricultural Loans;
a. Rice and Corn Crop Loan
b. Sugar Cane Crop Loan
c. Cassava Crop Loan
d. Other Crop Loan
e. Agricultural Lot Purchase
3. Commercial Loans;
a. Small Enterprise Assistance Loan
b. Commercial Credit Line
c. Vendors-Drivers Assistance Loan
4. Financing Loans;
a. Appliance Loan
b. Motor Vehicle Loan
c. Motorcycle Loan
d. Cell phone Loan
5. Travel;
a. Travel & Tours Loan
b. Special Travel & Tour Loan
6. Housing;
a. Housing Assistance Loan
b. FICCO Ville Lot Purchase
c. House Construction Loan
7. Commodity Loans;
a. Rice Loan
b. SM Gift Check Loan
c. Gaisano Gift Check Loan
d. Ororama Gift Check Loan
8. Medical Loans;
a. Medical Loan
b. Optical Loan
c. Dental Loan
d. Newborn Screen Test
9. Educational Loan
10. Salary Loan
11. Petty Cash Loan
12. Jewelry
13. Calamity
14. Memorial Lot &/or Services Loan
B. For Class B (re-loan);
1. Regular Loan (Productive or Provident) or
Regular Agricultural Loan or
TTL or
LAD
2. Petty Cash Loan
3. Rice Loan
4. Calamity Loan
5. Jewelry Loan
6. Medical Loan
7. Newborn Screen Test
8. LATD
9. LARS
C. For Class B (First-Time-To-Borrow), C & D;
1. Regular Loan (Productive or Provident) or
Regular Agricultural Loan or
Loan Against Deposits
2. Petty Cash Loan
3. Rice Loan
4. Jewelry Loan
5. Calamity Loan
6. Loan Against Time Deposit
7. Loan Against IS/RS
D. For Class E and members within Probationary Period;
1. Loan Against Deposit or
Rice Loan
2. Loan Against Time Deposit
3. Loan Against IS/RS
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