Savings & Time Deposit – Perang Impok
SAVINGS DEPOSIT
P100.00 - Initial deposit
Interest bearing balance P500.00
Associate Member: 20.00 Membership Fee
200.00 – Preferred Share (refundable upon closing of acct.) No withholding tax
TIME DEPOSIT:
P5,000.00 - minimum deposit
Providential Loan (Regular Loan)
Deductions:
Service Fee 3.5%
Interest 1% per month
Capital Build Up 5%
Savings (100.00-500.00)
Productive Loan (Pautang para Pang-negosyo)
Deductions:
Service fee (one time): - 3.5%
Interest (1/2 deducted) - 1.33% per month (1/2 Add-On)
Capital Build Up - 5%
Savings Deposit - (P100-500)
Petty Cash Loan (PCL)
Class A & B only
At least one year member
With Share capital of P3,000 & above
With savings deposit of P500.00 & above
If with existing loan, at least 25% is paid
Loan amount – up to P10,000.00
Terms : P5,000.00 or less - 2 months to pay
More than 5,000- P10,000 – 3 mos. to pay
Interest : 2.5% per month ( Add-On)
Deduction: Capital Build Up – P100.00 – 200.00