Cooperative Loan Matrix

List of Coop Loans with Respective Requirements and Qualifications

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NEXPEREON MULTIPURPOSE COOPERATIVE - LOAN MATRIX
LOAN  TYPE	PURPOSE	REQUIREMENTS	MINIMUM MEMBERSHIP PERIOD	MINIMUM REMAINING SHARE CAPITAL	LOAN MULTIPLIER	MAXIMUM LOANABLE AMOUNT	MAXIMUM LOAN TERMS	INTEREST RATE	SERVICE FEE	FILING FEE	RISK
EMERGENCY LOAN 1 (once a year)	Personal Consumption	No existing EL1, Capacity to pay not required, eADA enrolled	3 months	Php 4,000	Not Applicable	Php 3,000	3 months	0%	N.A.	Php 50.00	100% of the loan amount and interest
EMERGENCY LOAN 2	Personal Consumption	No existing EL2, Capacity to Pay not required, eADA enrolled	3 months	Php 4,000	Not Applicable	Php 5,000	5 months	12% per Annum	2%	Php 50.00	100% of the loan amount and interest
GROCERY LOAN	Personal Consumption	No SM Loan, Capacity to pay, eADA enrolled	3 months	Php 4,000	Not Applicable	Php 3,000	1 month	0%	2%	Php 50.00	100% of the loan amount and interest
SM LOAN Reloadable	Personal Consumption	No Grocery Loan, Capacity to pay, eADA enrolled	3 months	Php 4,000	Not Applicable	Php 3,000 to Php 5,000	2 months	0%	2%	Php 50.00	100% of the loan amount and interest
REGULAR LOAN 1	Personal Consumption	Latest Payslip, Capacity to pay, eADA enrolled	3months to 1year	Php 4,000	x 1.25	Php 15,000	12 months	12% per Annum	2%	Php 50.00	20% of the loan amount and interest
REGULAR LOAN 2	Personal Consumption	Latest Payslip, Capacity to pay, eADA enrolled	>1year to 2years	Php 4,000	x 1.25	Php 100,000	36 months	12% per Annum	2%	Php 50.00	20% of the loan amount and interest
REGULAR LOAN 3	Personal Consumption	Latest Payslip, Capacity to pay, eADA enrolled	>2years to 5years	Php 4,000	x 1.5	Php 200,000	36 months	12% per Annum	2%	Php 50.00	33.3% of the loan amount and interest
REGULAR LOAN 4	Personal Consumption	Latest Payslip, Capacity to pay, eADA enrolled	>5years to 7years	Php 4,000	x 1.75	Php 300,000	36 months	12% per Annum	2%	Php 50.00	43% of the loan amount and interest
REGULAR LOAN 5	Personal Consumption	Latest Payslip, Capacity to pay, eADA enrolled	>7years and above	Php 4,000	x 2.0	Php 400,000	36 months	12% per Annum	2%	Php 50.00	50% of loan amount and interest

LOAN  TYPE	PURPOSE	REQUIREMENTS	MINIMUM MEMBERSHIP PERIOD	MINIMUM REMAINING SHARE CAPITAL	LOAN MULTIPLIER	MAXIMUM LOANABLE AMOUNT	MAXIMUM LOAN TERMS	INTEREST RATE	SERVICE FEE	FILING FEE	RISK
EXPANDED  LOAN (pre-requisite of exhausted Regular Loan)	Personal Consumption	Capacity to pay or PDC	3 months	Php 4,000	x 1.0	Php 800,000	60 months	10% per Annum	2%	Php 50.00	Interest from loan
CAR LOAN	Purchase of car	Capacity to pay, Deed of Sale, ORCR No existing loan and cannot file future loan	6 months	Php 500,000 Php 1,000,000	Not Applicable	Php 300,000 Php 800,000	60 months	5% per Annum	2%	Php 50.00	Interest from loan
HOUSE CONSTRUCTION/ RENOVATION, LOT LOAN	House Contruction, House Renovation, Purchase Lot	Bill of materials, Deed of Sale, Contract No existing loan and cannot file other future loan	6 months	Php 500,000 Php 1,000,000	Not Applicable	Php 300,000 Php 800,000	36 months	6% per Annum	2%	Php 50.00	Interest from loan
LOAN WITH COLLATERAL	Purchase of Lot or House & Lot	Below 60years old, Capacity to Pay or PDC, Certificate of Land Title or House & Lot Title	12 months (and below 60years old)	Php 100,000	Not Applicable	Php 5,000,000	120 months	6% per Annum	2%	Php 50.00	Interest from loan
1Advancement of company 13th Month Pay via Coop Loan	Personal Consumption	Latest Payslip, Capacity to pay	2years	Php 4,000	Not Applicable	Loan Amount+Interest + Service Fee equivalent to 13th Month Pay and	One time payment/deduction through Company 13th Month Pay	12% per Annum	2%	Php 50.00	0% of the loan amount and interest
2Advancement of company 14th Month Pay via Coop Loan	Personal Consumption	Latest Payslip, Capacity to pay, Medical Documents of member/Immediate Family	2years	Php 4,000	Not Applicable	Loan Amount+Interest + Service Fee equivalent to 14th Month Pay and	One time payment/deduction through Company 14th Month Pay	12% per Annum	2%	Php 50.00	0% of the loan amount and interest
Note: 1. can be availed starting Jul 01 to Oct 31 of the current year.
Note: 2. can be availed starting Jul 01 to Oct 31 of the current year and intended for Life and Death case.

 

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