DMPI Employees & Community Credit Cooperative

INVESTMENT LOAN POLICY

OBJECTIVE

1. Additional Loan Window for all members who desire to INVEST on CLIMBS Share Capital Equity Investment Fund Corporation (CSCEIFC) under their name or for their direct dependents.
2. To provide opportunity to those interested members to avail the investment offered by CLIMBS in a Mutual Fund for them to achieve their Financial Goals; may it be for Retirement, College Education for their Children, etc., through cooperative partnership.
3. To entice those members without investment yet, to experience the pleasure of investing and at the same time securing their future, thus, creating a “Financially Free” mind-set.

INITIAL REQUIREMENTS

1. Applicable to all members regardless of their classification
2. Should have paid in full all monthly dues at least for the past 2 months
3. Net Pay should at least be Php 2,750.00 per quincena

CONDITION

Service Fee: Php 200.00 inclusive of the processing fee at CSCEIFC

Penalty Fee: same rate for Regular Loan Penalty will apply

Loan Amount:   Php 5,200.00

Interest Rate:    12% p.a

Quincenal Deduction: Php 86.18 @ 3 year term

Term:    Maximum 3 years

• No Loan insurance applied
• Net Loan Proceeds will be directly invested in CSCEIFC account, in favor of member’s name or his/her dependent.
• All income/loss from the investment shall be reflected therefore under the investor’s account.
• Account information of the investment will be available through the DMPI-ECCC as per member’s request or directly at CSEIFC.
• DMPI-ECCC shall withhold the Investment Certificate for the duration of the loan term until such time that the principal amount including the interest and penalty arrears if any.
• Investment withdrawal is channeled through DMPI-ECCC, which is subject for deduction of arrears if there’s any. Amount to be withdrawn will be based on the face value amount at the time of transaction.
• Member can top up anytime on their investment account directly at CSCEIFC at a minimum of Php 1,000.00 per transaction.