DMPI Employees & Community Credit Cooperative

MAXI LOAN

• A loan intended for members (with more than 15 years of service) who are in good standing.
• Members below 15 years in service – with collateral.

Entitlement

Entitlement is based on the share capital and capacity to pay.

Maximum entitlement is Php. 1,000,000.00.

Interest rate / term of payment

Has an interest rate of 14.4% per annum based on diminishing balance.

Term – maximum of five (5) years.

Re-loan

No loan and re-loan should be granted if the applicant-member has unpaid loan amortization for the last six (6) consecutive quincenas.

Other conditions

Once availed, all existing loan balances will be deducted.